Champaign County Restaurant Insurance: Additional Risks

Champaign County Restaurant Insurance: Additional Risks Champaign County Restaurants Insurance Additional Risks

Most restaurateurs will openly admit that successfully owning and operating an eatery of any size requires a lot of hard work and determination. There is no denying the countless hours, resources and passion that goes into making a restaurant successful. As such it is important that Champaign County restaurant owners protect their investment in their business, their assets and their livelihood. Which is why finding the right restaurant insurance in Champaign County is essential to maintaining a successful and thriving establishment.

In a previous post we discussed some of the common risks of Champaign County restaurant and operation ownership such as general liability and worker injuries; however there are many more nuanced risk exposures your operation many face. Other common risk exposures include:

  • Alcohol sales: While obtaining a liquor license can be a lucrative strategic business move, serving alcoholic on your business premises comes with a hefty dose of liability concerns. Restaurant proprietors can be held legally responsible for any consequence which may arise from should a patron have a little too much to drink. Common losses range from property damage to bodily injury. As such, liquor liability coverage is vital for any establishment where alcohol is handled.
  • Cratering and Delivery: Businesses owners often mistakenly believe that their basic property insurance will provide all the coverage they need, even for property damage and losses which occur off premises.  However, when it comes to portable business property used for catering or other services, this is not always the case. Basic property insurance typically only covers losses which occur on the primary business premises, which means that damaged, broken or stolen business property in transit or out on location is not protected if proper additional coverage in not secured.
  • Cyber Threats: Cyber-attacks affect businesses of all shapes and sizes and they can be costly, especially if your point-of-sale system is compromised and patron’s credit card and private information is stolen. While ten years ago your operation may have been safe from cyber security threats, today the risk is real and only increasing. Cyber liability coverage is the only way to thoroughly protect your operation from the devastating financial repercussions of a cyber-security breach.

Myers Insurance Group understands the various exposures inherent in running a restaurant. That’s why we specialize in providing a comprehensive suite of business insurance coverages to address these risks and exposures. Our Champaign County Restaurant insurance programs offer complete liability and property coverage insurance, including Liquor Liability, Food Contamination coverage, Food-Borne Illness insurance, Cyber Liability, and much more. To learn more about our operation and all of our offerings, give us a call today at (855) 534-5707.

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