Five Common Restaurant Insurance Claims
To make it easy to get started, we’ve listed five common restaurant insurance claim scenarios you could face as a restaurant owner, and what to do about them.
Claim 1: Slip-and-Fall
A study conducted by the Canadian Institute for Health Information in 2018 reported that 1,800 of emergency visits are due to slip-and-falls – a day. With an aging population, it is essential to protect yourself in the event it happens at your restaurant. Commercial General Liability (CGL) insurance is a basic form of coverage that covers the costs associated with claims alleging bodily injury or property damage due to your business operations. If you’re going to protect your business with any insurance, this should be the one you choose.
Claim 2: Property Damage
In insurance, anything can happen. Fire and water damage are two common loss exposures for restaurant owners, but you rarely consider the chance of the ceiling collapsing like it did in this Ottawa bakery. While the patrons were safe, there was minimal property damage. Commercial Property Insurance is a type of coverage that covers the costs associated with loss or damage to the physical assets of your business due to an insured peril, such as natural disasters, theft, and vandalism.
Claim 3: Food Poisoning
Say you have a customer who told their waiter they have celiac disease, and they end up having a severe reaction following a meal at your restaurant. If they can prove the food they ate at your restaurant made them ill, you may find yourself at the wrong end of a lawsuit. In the event your product (food) makes a patron sick, Product Liability Insurance could cover the legal and medical costs associated with claims alleging bodily injury due to your products.