With more clients and more events to cater, that means more chances something could go wrong. For example, in 2013 a catered dinner may have led to a man’s death because of food poisoning. The small restaurant was taken to court for $2.9 million in damages.
While you may take every precaution possible to make sure that your food is uncontaminated, history has shown us that things can slip through the cracks. With catering insurance, you will have a safety net if the catastrophic does happen. What’s certain is that at $299 it is much more affordable than getting sued and having to pay for all of that out of pocket.
Product Liability Insurance
What’s one of the worst-case scenarios for any food business? Someone becomes ill after eating your food. You could be held liable for the medical bills and other damages caused by the illness.
This is why product liability insurance is so important. It may provide protection against the financial loss that could arise out the legal liability of an injury, illness, or damage caused by your product, in this case, food.
This kind of insurance could even cover your food if someone takes it home, ingests it there, and then falls ill. Having product liability insurance is crucial for any business that sells food. It may even cover you if an accident happens such as your refrigerator going out and all of your food goes bad. FLIP paid out $4,503 in a claim just like that. This is still much more expensive than $299 a year.
If you serve alcohol as part of your catering then you know what kind of added risks there are. Even if you serve alcohol responsibly, you may be taken to court, and you may accrue legal and court costs while defending your catering business. You could even be held liable for property damage caused by someone that you served alcohol to. Many states realize this risk and have made laws that require anyone that serves alcohol to purchase liquor liability insurance with their catering insurance.
It’s a great time to be in the catering industry! However, to make sure that your hard-earned profits stay untouched in the event of an accident or lawsuit, you need catering insurance.. If you ever do need to file a claim, it’s a simple process. You can buy insurance online in minutes and get your proof of insurance documentation instantly. Need to add a venue to your insurance? That can be done anytime from your dashboard and only takes a couple of minutes.
Get Insured Today!