Owning a restaurant is no easy feat. Aside from all the activity going on and the need to keep your restaurant and your food up to code, there are also numerous risks that need to be circumvented. Property damage can happen in a blink of an eye as a result of an accident or a fire, and employees as well as customers can easily be injured or get sick when they slip or when an expired ingredient was added to the food by mistake.
Since it’s impossible to predict when and how these things might happen, your only protection is your insurance policy. If the issue in question is covered, then you are eligible to be compensated or protected from financial damage and liability. If not, then you might face heavy expenses and possibly a few lawsuits as well.
Aside from employment practices, general liability, liquor liability and worker’s compensation insurance, you might also want to look into some additional coverage options. Some of these should include spoilage, extra expense, sewer backup, equipment breakdown and electronic data processing insurance coverage. You can even benefit a lot from fine arts insurance, if your restaurant has expensive paintings and decoration pieces on display.
All these coverage options can help, but you have to be selective with them and avoid paying for something you don’t actually need. The best choice is to contact knowledgeable restaurant insurance Colorado insurers and discuss the matter with them, inquiring about the right insurance plan that can protect you against the most likely types of damage and liability that could apply to your business in particular.