3 Common Risks of Restaurant Ownership
While owning a restaurant can be a very rewarding experience, especially if it has been a “dream” of yours for quite some time, there are also risks of restaurant ownership that you should be aware of, too. In many cases, these risks are things you may never have to encounter during the entire course of your ownership experience, but it doesn’t hurt to be prepared just in case.
By having a plan and making sure you have adequate insurance coverage for your restaurant, you’ll have the peace of mind of knowing that your business can overcome any obstacles and unfortunate incidents that may arise in the future.
- Fire damage is a risk that seems more prevalent in restaurants, largely due to the number of machines and appliances that are always in operation, not to mention the fact that restaurants often deal with hot greases and oils on a regular basis.
- Food poisoning does occur infrequently, and it is not limited to restaurants that have poor hygiene standards or obtain their foods and ingredients from less-than-reputable sources. Even the most carefully cultivated crop of produce can contain bacteria that could affect your diners.
- When you run a business, you always have to be prepared to deal with theft, fraud, or burglary, and this can also come from your employees as well as external intruders.
Make sure you’re ready for these risks of restaurant ownership by obtaining insurance coverage for your business that will provide you with protection when something unfortunate occurs. Contact us today at Schumacher Insurance Group to find out how we can help you meet your business insurance needs.
Posted on April 8, 2014, in Agency, Uncategorized and tagged Bonds for Small Business, business liability insurance, Business Strategies, Small Business Ideas, small business protection. Bookmark the permalink. Leave a comment.