10 Sep Walnut Creek Restaurant Insurance
Walnut Creek Restaurant Insurance
With all the shoppers and great atmosphere, Walnut Creek is a great location for any restaurant. There are many different kinds of restaurants in Walnut Creek and with that comes many different Insurance needs. We will go over some of the basics to make sure you have the right Insurance for your Walnut Creek Restaurant.
Walnut Creek Restaurant Insurance- General Liability
General Liability is a common coverage, and is important for any restaurant. If a patron slips on a wet floor, gets injured, and files a lawsuit, your General Liability policy may be the only thing that protects your restaurant from having to close down. When purchasing General Liability, it is vital to make sure your restaurant is correctly classified. Every carrier has different restaurant classifications, and the difference in premium between a family style and a fine dining restaurant can be huge. Just taking a few minutes to go over your policy can save you thousands, depending on the size of your business.
Walnut Creek Restaurant Insurance- Liquor Liability
Restaurants in Walnut Creek tend to have higher liquor sales compared to similar restaurants in other areas. With these increased liquor sales comes a higher chance of a bodily injury or property damage claim that is a direct result of the liquor. These types of claims are covered under the liquor liability portion of your General Liability. However, liquor liability is usually not included on most General Liability policies unless you specifically have it requested. This coverage is absolutely vital to properly insuring your Walnut Creek Restaurant.
Walnut Creek Restaurant Insurance- Business Owners Policies
An alternative to a standalone General Liability policy is a Business Owners Policy. A Business Owners Policy is a single policy that covers both your General Liability and Business Personal Property onto a single policy. Business Personal Property includes furniture, dishware, cooking equipment, computers, and more. You can often include attached property like stoves, fryers, vents, etc. Restaurants can benefit greatly by purchasing a Business Owners Policy because they often have tens or hundreds of thousands of dollars in Business Personal Property. Business Personal Property can be purchased seperately, but it will likely cost more and you will have two seperate policy numbers and bills.
We have worked with many Walnut Creek Restaurants and we are eager to assist you as well. To learn more, call us 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.