Las Vegas is quickly turning into one of the foodie capitals of the world. The Strip has been popularized by celebrity chefs, one-of-a-kind restaurants, and even famous bars serving iconic dishes. If you are a current business owner or are considering opening your own eatery, insurance is a must-have to protect you and your hard-working staff.
According to USA Wage, over 30,000 people living in Las Vegas work in some form of the restaurant industry. This includes everyone from front of house to back of house. As an owner, you can easily be consumed by all the nightmares that come along with your ownership. What if your fryer catches fire and burns down your building? What if your food makes customers sick? What if a fight breaks out in your bar area? Are you responsible for bodily harm? The list is endless. With the right insurance, you can rest assured that you will be covered no matter the circumstances.
Restaurant insurance needs to cover a variety of areas, and you should consult with the top insurance experts in Nevada, like any of the coverage design specialists at Swarts Manning. We can walk you through the restaurant insurance policies that you will actually need. Here are some of the basics.
General Liability Insurance
This aspect of restaurant insurance covers personal and advertising injuries such as libel, slander, and copyright infringement. General liability insurance also applies to defense costs for legal claims, medical expenses, premise and operations liability, property damage, and product liability for harm caused by your product.
Property Insurance
Property insurance applies to losses that occur due to natural disasters. Basic policies only cover fire or lightning. With high flood season and wind advisories in Las Vegas, it may be a wise decision to consider an expanded coverage plan. Expanded coverage could include floods, windstorms, hail, earthquakes, terrorism, explosions, riots, smoke, and vehicle damage.
Worker’s Compensation
As an employer, you are required to adhere to workers’ compensation laws. These include: providing coverage for employees and taking responsibility for on-the-job injuries, paying for insurance premiums, providing a safe environment, notifying a medical carrier when the injury occurs, and investigating injuries.
Commercial Auto Coverage
Many food businesses have specified vehicles for delivery. In these cases, commercial auto insurance is needed. Insurance should cover the cost of alarms, dash cams, regular maintenance, and safety compliance needs.
If you don’t have any of the above coverages or think you may have more coverage than you need, consider a full evaluation by one of our coverage design specialists. Our staff at Swarts Manning can assist you in finding the correct policies for your business and your budget.
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