If you are planning to open a restaurant, do yourself a big favour and get restaurant liability insurance. Restaurant owners need to be aware that they could be facing a lot of problems that could result from the food they prepare and serve their customers. They should also think about their employees as well, those who are at risk of getting injured when they are preparing the food and serving the hot dishes. There is also the restaurant itself, should any damage hit the equipment or the restaurant space, this could cost a lot of money. Running a restaurant is very satisfying but it is not without risks. Remember that when talking perishable, customers and employees, you are thinking of only one word - LIABILITY.
In the food business, the restaurant is effectively selling perishable goods that can degrade unexpectedly at the most inconvenient times. This food is going to be eaten by the customer, the employees and the owners themselves and in the event of a breakout of food poisoning the consequences could be devastating. This means that the restaurant, although highly profitable is a high risk type of business. Food poisoning can happen in an instant and unfortunately, this could be at the most inconvenient time.
As restaurant owners it is understandable to think about both operational costs and insurance costs. But you have to look at it from a different angle altogether. The insurance companies that are tasked with covering your liabilities should be your partners and the costs involved for paying for the policies should be part of the operational budget. If you treat the insurance companies as your business partner, then will take a different view on the cost of insurance.
It is very often that a disgruntled customer can take legal action against your restaurant, should they feel discomfort while eating or after eating the food that you prepared. They can sue your restaurant and that would mean legal costs and inevitably, costs of payments for the claims. With the insurers as your partner, they will guarantee that investigation into the claims would be thoroughly carried out because they have the resource to do it. If they find out, for example that your restaurant was not at fault or it was a fraudulent claim being made against you, then they could counter sue for your restaurant.
If they do find that the restaurant was indeed at fault, then they could help in the legal costs, making sure that it would be kept to the minimum as well as cover for the claim payments. This means money saved for your restaurant. Think about it, go through unnecessary financial hardship, or take out restaurant liability insurance. Obviously, the insurance policy should be your choice.
In the food business, the restaurant is effectively selling perishable goods that can degrade unexpectedly at the most inconvenient times. This food is going to be eaten by the customer, the employees and the owners themselves and in the event of a breakout of food poisoning the consequences could be devastating. This means that the restaurant, although highly profitable is a high risk type of business. Food poisoning can happen in an instant and unfortunately, this could be at the most inconvenient time.
As restaurant owners it is understandable to think about both operational costs and insurance costs. But you have to look at it from a different angle altogether. The insurance companies that are tasked with covering your liabilities should be your partners and the costs involved for paying for the policies should be part of the operational budget. If you treat the insurance companies as your business partner, then will take a different view on the cost of insurance.
It is very often that a disgruntled customer can take legal action against your restaurant, should they feel discomfort while eating or after eating the food that you prepared. They can sue your restaurant and that would mean legal costs and inevitably, costs of payments for the claims. With the insurers as your partner, they will guarantee that investigation into the claims would be thoroughly carried out because they have the resource to do it. If they find out, for example that your restaurant was not at fault or it was a fraudulent claim being made against you, then they could counter sue for your restaurant.
If they do find that the restaurant was indeed at fault, then they could help in the legal costs, making sure that it would be kept to the minimum as well as cover for the claim payments. This means money saved for your restaurant. Think about it, go through unnecessary financial hardship, or take out restaurant liability insurance. Obviously, the insurance policy should be your choice.
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