Types of Insurance Your Restaurant Needs
May 1, 2019No one gets into the restaurant business thinking about insurance and paperwork, but it’s still an important part of doing business. Insurance helps protect you from natural disaster, theft, employee injuries, and liability.
Many times you can get insurance discounts when you take steps to keep your employees and kitchen equipment safe, reducing your risk. Here are the primary types of insurance to focus on!
Worker’s Compensation
This one is simple – it’s required by law and you can get in a lot of trouble if you don’t carry it. Worker’s compensation insurance helps pay for employee’s injuries and lost wages if they get hurt on the job.
Unfortunately, using the equipment and supplies in a restaurant can be pretty dangerous. This is especially true if you have younger workers who have less experience around sharp knives, hot stoves, and fryers full of hot oil.
To lower your risk, have specific processes for your kitchen and front of the house. Your senior staff and managers should help ensure they are followed precisely every time.
Property Insurance
Whether your property is stolen or damaged by bad weather, you want to have help putting the pieces back together if something goes wrong. Property insurance can help.
Keep in mind that most property, including expensive kitchen equipment, will only be replaced at the actual cash value. You may be able to purchase additional coverage to get replacement value, at least on your most important items.
Be sure to add coverage for sewage backup, which is not covered by normal commercial insurance. Unfortunately you can’t control what your patrons do in the restroom, and it pays to be covered!
Liability Coverage
Unfortunately, businesses are seen as prime pickings for those who want to make a buck through a lawsuit. There are also legitimate accidents that can happen where you might be liable for injuries or damage.
Either way, having a strong liability policy is vital. Whether a diner is injured by your equipment or supplies, or scalded with coffee, or trips over a chair, you could be liable. Protecting yourself during a lawsuit is just as important as having coverage if you’re found responsible.
You may also need specific coverage for liquor liability if you serve alcoholic beverages.
Liability coverage covers both legal defense and damages, so it’s important to choose excellent coverage!
Commercial Auto Insurance
If your restaurant has delivery or catering, you’ll need to make sure you have appropriate insurance. Be sure you have liability coverage, property damage, and additional coverage for any kitchen equipment or materials that are stored in the vehicle.
Many insurers will offer all of the insurance you need in a single package. That can make it much easier to manage, but you may be able to get a better premium if you shop around for each type of coverage.
Get the Kitchen Equipment You Need
Whether it’s time to upgrade your kitchen equipment or you’re considering expanding, it pays to have a supplier you know and trust. Tipton Equipment has been serving Little Rock restaurants for many years, and we’d love to help you find the supplies you need.
We have a variety of items available for your commercial kitchen and the front of the house. Contact us today to see what we can do for you!
Kitchen Equipment in Little Rock
Tipton Equipment Restaurant Supply has a selection of kitchen equipment in Little Rock that will help enhance the menu of any restaurant, deli, or supermarket. Our span of kitchen equipment will help you keep up with growing consumer demand for fresh, high-quality...
What You’ll Need: Arkansas Convenience Store Equipment Freezers and Refrigerators
Your convenience store can't just have any old piece of equipment.What’s a Convenience Store? A convenience store is what the name implies; a store of convenience in an easily accessible area where customers usually have a variety of household products, beverages,...
Commercial Ice Cream Freezer: Keeping it Clean
To many, cleaning an ice cream freezer merely means pulling out all the food and allowing the appliance to defrost. Defrosting is a vital step, but it is not the only thing that needs to happen to maintain a clean freezer. To ensure optimal performance and keep your...
Getting Your Commercial Kitchen Up and Running
Getting your commercial kitchen up and running. Serving Ware If there's nothing to serve the food on, there's no restaurant. You'll need tons of cutlery, plate ware, bowls, ramekins, cups, and glasses. Consider the number of tables you can fit in your restaurant and...
Safety Tips for Your Commercial Kitchen
Safety tips for your commercial kitchen to keep it running smoothly and keep disease out. A well-run commercial kitchen means maintaining the utmost cleanliness and safe conditions for your food preparation. If you were to contaminate an area with Salmonella or other...
Cooking Equipment You Need Today!
If you've ever attempted to purchase cooking equipment for a new kitchen or tried to improve the quality of tools in your current kitchen you've found that stocking up on high-quality kitchen essentials is much more complicated than it should be. Nowadays everywhere...
Cooking Equipment Disasters You Can Avoid
Cooking equipment disasters you can avoid through proper safety procedure and careful proceeding. Kitchens are the heart of the home, but they’re also home to a lot of cooking equipment that can pose safety hazards. Cooking fires top the list of things that can go...
Why You Should Maintain Restaurant Supplies Religiously
Excellent quality and well-functioning restaurant supplies are the backbones of a restaurant’s success. While you may be able to operate a restaurant without regular equipment maintenance in the short run, the long-term effects will add up. Decreasing equipment...
What Restaurant Supplies Does Your Café Need?
What restaurant supplies does your café need? Our Pro's Do It All: Provide, Install & Maintain From soda fountains to most any frozen beverage machine, we offer a fantastic variety of beverage equipment and restaurant supplies. Tipton Equipment is one of the few...
Three Benefits of Using Used Kitchen Equipment
Three benefits of using used kitchen equipment are more straightforward than you would think. SavingsUsed kitchen equipment will save you thousands in, starting a restaurant. High restaurant failure rate leads to restaurant kitchen equipment only being in service for...
Kitchen Equipment Spotlight: How to Maintain a Commercial Freezer
Your commercial freezers are a vital part of your restaurant operation. They hold the food and supplies you’ve bought to keep them at their freshest until you need them. Unfortunately, when a freezer malfunctions, you can lose hundreds or even thousands of dollars’...
How to Run a Successful Event & Party Room
Do you have a large space in your restaurant set aside for special events and parties? Does it get reserved as often as you wished?If you’re like most restaurant owners or managers, the answers are yes and no. You probably have a space – almost everyone is expected to...
Philadelphia Outlaws Cashless: What it Means to You
In early March, Philadelphia became the first city in the U.S. to forbid restaurants from refusing cash payments. As of July 1, all Philadelphia restaurants will have to accept cash payments and cannot charge cash-paying customers more than non-cash ones. Several...
Control COGS in Your Restaurant
Restaurants are known for having razor-thin margins, but you can improve your profits if you have a good handle on your costs. That doesn’t mean you have to skimp on restaurant supplies, but it does mean you can be strategic about what you spend. Do you know your cost...
Roast: What’s Wrong With The Honeymooner’s Kitchen? Kitchen Supplies
Welcome to our new series, “Roast and Toast”! Each month we’ll feature one kitchen that we love and one that… well, could use improvements. The kitchens we feature can come from anywhere – TV, films, popular culture, you name it. We’ll talk about what we love and what...