What additional restaurant insurance products are often underutilized?
The most common ‘unique coverage’ for a restaurant owner would include equipment breakdown coverage and spoilage coverage in the event of a power loss. This should include coverage whether there is a direct physical loss to the premises or loss of power due to an off-premises cause. Employment practices liability insurance (EPLI) is always a smart idea, especially for restaurants. Most insurance companies do not include these coverages in their typical package policies. How does employment practices liability insurance apply to restaurants? These policies typically cover sexual harassment, discrimination, wrongful termination, breach of employment contracts, negligent evaluation, failure to employ or promote, wrongful discipline, deprivation of career opportunity and wrongful infliction of emotional distress. These claims are typically never covered in other business policies. Unfortunately, they are becoming increasingly common and the cost to defend them, without insurance, is incred
