Often the first policy business owners in the food industry seek out, general liability insurance protects against lawsuits and accidents. Covered perils include customer injuries, customer property damage, host liquor liability, and advertising injuries (including libel, slander, and copyright infringement). While general liability is a great policy to start protecting your business with, it doesn’t cover every potential claim.
Brooklyn Restaurant Insurance
Lincoln Brokerage provides Brooklyn food service establishments with all types of restaurant insurance, including general liability insurance, commercial property insurance, liquor liability, liquor bond, and workers compensation insurance. When your restaurant is fully protected, you can focus on making your bar, bistro, coffee shop, diner, hotdog stand, nightclub, or steakhouse the best it can be. We’re the restaurant insurance brokers who have been in your neighborhood since 1932. Call us today to learn more or connect with an advisor.
Excellent Food Deserves Excellent Coverage!
From bakeries to bars to brasseries, restaurant insurance protects every culinary dream.
Our licensed insurance staff understands the Brooklyn restaurant industry. With our customized approach, we can provide you with the perfect balance of coverage and affordability in your restaurant liability insurance or other coverage.We’ll work with you to make sure every aspect of your business is protected. Our tailored services will allow you to cook and create with confidence. We can also connect you with tavern insurance for your Brooklyn bar or nightclub that serves alcohol.
What Can Be Covered With Restaurant Insurance?
New York requires that all businesses who obtain a liquor license also obtain a liquor bond. A liquor bond is a specialized surety bond, which is different from a standard insurance policy. A liquor bond is more like a line of credit that guarantees the state will receive payment should a retailer fail to submit all required sales tax payments. This is separate from bar insurance or restaurant liability insurance, so you will need coverage even if you have already paid your liquor bond. The team at Lincoln Brokerage can help you obtain tavern insurance for your establishment in Brooklyn.
Every type of Brooklyn restaurant needs commercial property insurance, whether the building it operates out of is owned or leased. This type of coverage protects the building, its contents, and exterior fixtures such as signs or decorative items. The cost of commercial property insurance is based on the location of your building, its construction grade, occupancy, and current protective measures.
Unfortunately, an employee is more likely to steal from their employer than not. Whether it’s money, supplies, food, or equipment, anything an employee takes from your business hurts its bottom line. Having employee dishonesty coverage can help you recover revenue and inventory as a result of employee theft. While not necessary, employee dishonesty coverage can be a great asset to your restaurant business.
Many restaurants are under the false impression that product liability coverage is solely for manufacturers, but any business that is part of a product supply chain, including a restaurant, needs this type of coverage. A product liability policy covers litigation resulting from manufacturing defects, design defects, and marketing defects. Should a sourced ingredient be the cause of illness or injury, such as an allergic reaction, product liability coverage will protect your New York business. We can help you design a restaurant insurance policy that includes product liability coverage.
Imagine coming to work and finding your refrigerator has malfunctioned. All the restaurant’s perishable food for the week has spoiled. You’re unable to open for the day and the discarded food needs to be replaced. With food contamination insurance, your losses are covered (up to your policy’s limit). Food contamination insurance also covers medical expenses incurred by employees and customers, should they come into contact with contaminated food. Your Bushwick, NY restaurant insurance coverage may not include this type of protection, so get in touch with our agents to find out for sure.
If your business manufactures, sells, or serves alcohol or alcoholic beverages, you’ll need liquor liability insurance. Should intoxicated customers cause property damage or bodily injury to themselves or others, this type of policy will cover the associated costs. It’s important to add this type of coverage to your insurance package as alcohol-related incidents are excluded from general liability policies. Do you carry liquor liability coverage in your New York bar insurance policy? If not, Lincoln Brokerage can help you ensure you are protected.
It’s mandatory in New York state to carry workers’ compensation insurance (if you have employees). Not doing so can result in a hefty fine. The restaurant industry isn’t the safest. Heavy lifting, wet floors, and hot stovetops can all be the cause of employee injuries. Workers’ compensation insurance helps with the costs related to an injured employee’s recovery and lost income.
The Importance of Restaurant Insurance
Working in the food and beverage industry is full of risks. Does your New York restaurant insurance policy cover the ones that affect your business?
Will the opening night be busy? How will your new menu rollout go over? Should you stay open later, open earlier, or both? One risk you should never take is being uninsured or underinsured. Without the right coverage, a typical night of serving can quickly turn into the beginning of the end. Restaurant insurance programs can prevent that from happening, but only if you have the right coverage.
We’re local insurance brokers, so we understand Brooklyn restaurants. Once the doors open, there’s no downtime to sit and think about insurance coverage gaps or potential claims. Let us help you protect your business and creative outlet.
Compared to other industries, the exposures of the restaurant industry are greatly varied. This means blanket insurance policies won’t protect you from every potential peril. Would you be covered if a kitchen fire broke out after close? What would happen if a customer slipped while picking up their take-out order? Would your brand survive an accusation of foodborne illness? Restaurant-specific business insurance in Brooklyn, NY, can help you protect everything you have worked to build.