Business Owners Policies for Restaurants

Business Owners Policies for Restaurants

Every restaurant should carry a Business Owners Policy, but not every Business Owners Policy is the same. Depending on your restaurant, there are important coverages that are vital to protecting your business.

Business Owners Policies for Restaurants- What is a BOP?

A Business Owners Policy, also referred to as a BOP, is a packaged policy that includes General Liability and Business Personal Property in a convenient, affordable policy.
There are several benefits of carrying a BOP over a standalone Genera Liability policy. For one, you have one policy number with one bill. There are also several additional coverages and endorsements that are important for most restaurants that are specific to BOPs. BOPs can and should be customized to fit your restaurants needs.

Business Owners Policies for Restaurants- Business Income

As a restaurant owner, or manager, you may already know how devastating property theft, building problems, or damage to kitchen equipment can affect your restaurant’s income. However, with a BOP, there are optional coverages available, like business income, that will pay out for lost income due to a covered property claim. This simple, inexpensive endorsement can make the difference between your restaurant closing down or not.

Business Owners Policies for Restaurants- Liquor Liability

If your restaurant sells liquor, you should have liquor liability included on your Business Owners Policy. Liquor liability covers body injury and property damage claims that
are a direct result of alcohol consumption. It is important to note that liquor liability is not normally included on the policy unless it is specifically endorsed onto the policy. This coverage is also affordable, and it is absolutely necessary for restaurants that serve alcohol.

Would you like to learn more about Business Owners Policies for other lines of business for Restaurants? Give us a ring!

You can reach our Restaurant specialists at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.