Business Owner’s Policy
Most restaurants have a Business Owner’s Policy (BOP). Why? Because a BOP can help protect your restaurant business in much the same way a homeowner’s insurance policy protects your home and personal belongings.
By combining three basic insurance coverages that are important to almost every small business, including restaurants, a Business Owner’s Policy can help cut the cost of your insurance rates while helping protect the restaurant business you’ve worked so hard to create.
- General Liability – helps protect your restaurant from certain lawsuits alleging injuries or property damage that occurred as the result of your business operations. For example if a patron trips and is injured while walking in your restaurant, or a server spills food and ruins a patron’s jacket. It even helps cover certain claims of slander and libel against restaurant owners. Business Liability insurance does not cover liabilities directly arising out of the professional services your restaurant may provide.
- Commercial Property – helps cover the physical location of your restaurant and the tools used for running your restaurant business, like ovens, stove tops, plates, and utensils – whether you own or lease them.
- Business Income – helps cover the loss of income when you can’t run your restaurant or food business because of covered property damage.
A Business Owner’s Policy also provides an easy way to purchase additional optional coverage that can be tailored to your restaurant or food business such as Liquor Liability, Spoilage and other important coverage.