Insurance can be a confusing vast world of unknowns, but with the correct coverage you can
create peace of mind knowing what matters most is protected. How do we get to that mental
state? Well, I am going to explain insurance over the next few paragraphs.
My name is Restaurant Rob, and I work at Single Source Insurance as a Commercial Sales
Agent. Don’t let the title fool you! I am an expert in all things insurance and will help break down
the key areas you should consider before insuring your business. The first thing to remember is:
that insurance is designed to safeguard businesses from the unique set of risks they face daily.
Dunedin is a town that hosts many hospitality businesses and will be a perfect industry to use
as a reference.
If your business does not fall under this criterion, then please know most
commercial policies start with the same foundation but have a few varying lines of coverage. We
can start with the necessities that all businesses need, then under the guidance of an agent like
me, I can create customized policies with the additional coverage needed with respect to the
industry.
Key coverages of a hospitality policy are:
- Property Insurance: Protection against damage to your physical assets, including your
building and contents. - General Liability: Coverage for injuries or property damage sustained by guests on
your premises. - Liquor Liability: Essential for establishments serving alcohol, this covers injury or
damage resulting from intoxication. - Cyber Liability: In an age where data breaches are prevalent, secure your digital
operations and customer data. - Workers’ Compensation: Coverage for your employees in case of work-related
illnesses or injuries. - Business Interruption: Safeguard against loss of income due to unforeseen closures or
service disruptions. - Auto Insurance: Coverage for any business-owned and operated vehicles that need
insurance in the case of collision, physical damage loss, and medical expenses. - Employee health insurance Benefit that offers medical coverage for your employees. It
is a way to safeguard their health and financial stability while providing access to quality
healthcare services without the burden of excessive costs.
These coverages offer a comprehensive protective net from property damage, liability claims,
business interruption, and employee-related risks. Insurance for your business ensures that
unforeseen events don’t disrupt your hard-earned success. It is not just a benefit, but an
investment in your team’s well-being and your company’s future. The most opportune time to
invest in insurance is before your doors open to guests. However, it is never too late to reassess
and enhance your existing coverage.
Insurance may seem overwhelming and confusing at first, but the best way to make sure you
are covered is to give me a call! In all seriousness, whether you are launching a new venture or
seeking to fortify an established one, making sure all elements of your company, including the
employees, are covered, is imperative. Property, workers compensation, general liability, auto,
and health is a great starting point. In conclusion, there is no time like now to check your
current policy or call your local favorite Dunedin agent and get one put in place!
