Owning a restaurant can be rewarding, especially if it is something you have dreamed of for a long time before achieving. However, there is a lot of stress and worry that can come from owning your own restaurant. To sleep easier at night knowing that you are protected in case of a catastrophe, it is important to look into restaurant insurance in Texas. There are many different areas to be covered under the insurance.
When choosing your insurance company, you want to make sure first and foremost that you are getting coverage for the building and personal property, loss of income and general liability. Insurance for workers’ compensation is also important in case of an injury in the restaurant.
There are some additional coverages that may be includes in restaurant insurance in Texas, including equipment breakdown, food spoilage and direct damage or time element coverage. Direct damage or time element covers interruption in services due to instances such as downed power lines or damaged water pipes. This will help you get reimbursement for loss of profits and other expenses until the service is restored so that you can open your doors again. You want to make sure that you are choosing an insurance provider that will offer you many, if not all, of these types of coverage for a price you can afford.