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Insurance Quotes for Restaurants
We understand restaurants—no matter what size. Our restaurant insurance and restaurant surety bond options are designed to meet the unique needs of Chicago restaurants. Whether your restaurant is elegant, trendy, traditional, ethnic, or home-style we have the package for you. Melendez Insurance has top coverage and the best pricing packages for all types of restaurants.
Unexpected Things Can Happen Every Day in Your Restaurant
You're already aware of all the things that can go wrong at your restaurant:
- fires in the kitchen
- power interruptions or sewer backups
- slips, trips & falls
- crime and employee dishonesty
- intoxicated customers
- injuries to customers or employees
Incidents like these can lead to claims for substantial damages. And that could leave you facing hefty legal bills. Without restaurant insurance coverage you could be out of business.
There are other risks too. What if your restaurant needs to close for repairs after a fire or other damages? What if a power loss ruins the food in your freezer? A variety of property insurance options can help you survive these catastrophic events.
And don't forget that if you have anybody working for you, you'll need workers compensation insurance as part of your restaurant insurance package.
Chicago Restaurant Insurance Options
Restaurant General Liability Insurance
Unfortunately for every business owner, the chances of getting sued have dramatically increased. A general liability insurance policy that is designed for restaurants can prevent a legal suit from turning into a financial disaster by providing insurance protection in case your restaurant is ever sued or held legally responsible for some injury or damage. Your policy may include:
- bodily injury coverage
- parking lot liability
- legal defense costs
- property damage coverage
- liquor liability coverage
- and more…
Workers Compensation Insurance for Restaurants
Workers Compensation Insurance is designed to help restaurants or taverns pay benefits to employees who are injured on the job. In most states, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities in the kitchen.
Limited Restaurant License Bonds
Many restaurants opt for a limited service liquor license. With a limited service liquor license, the restaurant promises that their primary focus will be on serving food to customers and that alcohol is just incidental. This helps to differentiate them from a bar or tavern that would need a full liquor license.
When applying for such a license, a restaurateur is agreeing to comply with the regulations described in the license. Often the restaurant is required to get a special bond to serve as a guarantee of their signed promise to comply. License bonds guarantee that certain requirements or behaviors will be followed and, if not, offering a payout of the bond amount.