Restaurant owners have been facing a crisis since 2019, and their problems have scarcely started. The 2020 COVID-19 crisis just made things worse for them, as many businesses have failed and many others are struggling to stay afloat. In these uncertain times, you might not want to think about growing your business, but the issue of insurance still remains highly relevant – and perhaps it has become even more relevant these days than it was before the pandemic started.
As long as you still own a real estate property where your restaurant and kitchen is located, you will need property insurance. This type of insurance cover will ensure that you’re protected from theft, fire and vandalism, and with additional coverage you can even get financial protection in the event of certain natural disasters.
General liability is still important if your restaurant runs at limited capacity, and many restaurants and bars that sell alcohol will also have bar insurance Colorado liability coverage. General liability provides you with security in the event that someone slips and falls in your restaurant or gets sick after eating some of your food. The latter is helpful even in the case of food places and restaurants that no longer operate regularly and only deliver food to their clients.
Employee coverage, loss of business insurance, life insurance and just about any type of insurance on expensive items and equipment in your commercial kitchen can help as well. You never know what might break down when you least expect it. To get a better offer as well, it’s usually best to get all your coverage from the same insurance company as an all-in-one package.