The Ins and Outs of Restaurant Insurance

The Ins and Outs of Restaurant Insurance

Being a restaurant owner can be stressful and you have a lot on your plate. From staffing, to creating menus, to even just day-to-day operations. We understand that it can sometimes be hard to remember every little detail. And while some small details are harmless in forgetting, forgetting to insure your business could cost you thousands of dollars or more in claims.

Tackling insurance can be intimidating and not the most fun, so to help make your life a little bit easier, we have put together a guide on the ins and outs of restaurant insurance.

What is Restaurant Insurance?

Before we begin, it is important to understand what business insurance actually is. FLIP provides customizable coverage to restaurant owners that provides up to $2M per occurrence in General and Product liability coverage. It also provides $10K in tools and equipment insurance.

Do I Need Restaurant Insurance?

Liability risks can include trip-and-fall injury claims, food borne illness, property damage claims, and more. Just one claim could cost thousands of dollars and without insurance, you may be required to pay those claims out of pocket. Insurance can help mitigate or even eliminate those costs all the while helping lower your stress levels.

Let’s Break It Down

So now that we know what restaurant insurance is and how it could help you, let’s break it down even more and get to those nitty, gritty details.

General Liability - Aggregate Limit of $2M

Running a restaurant comes with a long list of risks and potential claims. General liability coverage can protect your restaurant from the cost of third-party bodily injury or property damage claims that may arise from your business. General liability may also protect against claims associated with products.

Product Liability - Aggregate Limit of $2M

Food borne illness comes with the territory when it comes to running a restaurant. Product liability coverage can protect against the claims associated with your products. This includes food borne illness, unlabeled allergens, or anything else that may come from your products. This coverage can protect your business from the cost of claims.

Inland Marine - Aggregate Limit of $10K

This coverage is also known as tools and equipment coverage. This coverage provides your business equipment with protection against the cost of replacing damaged or stolen equipment. WIth a business it is smart to expect the unexpected and prepare for potential risks. Restaurant insurance is great for not only providing a safety net, but also providing you peace of mind as you run your business.

Damage to Premises Rented - Aggregate Limit of $300K

While FLIP doesn’t provide coverage, our partner Coverwallet does. You can find a link to more information on our page.

This coverage protects your business from the cost of claims if there is any damage to the property you rent. You may ask, why is this coverage important? Well, many property owners and event organizers may require you to add them as an additional insured on your policy. Additional insureds can be added at no extra cost.

Cyber Liability - Aggregate Limit of $100K

Living in the age of technology comes with both positives and negatives. You have a wealth of information and resources just at your fingertips. However, with great technology comes some serious downfalls: cybercrime and cyber security issues. With a rise in cybercrime and cyber security issues, it is important to protect your business from those risks. If your restaurant stores or collects information online, on a tablet or mobile devices, we highly recommend adding Cyber Liability coverage to your restaurant insurance policy

Show Me The Numbers

Starting at $299 a year, restaurant insurance can protect your business up to $2M aggregate and $10K in tools and equipment coverage. Increased amounts and additional coverages are available based on your unique business needs.

Get Covered Today

You are dedicated to your restaurant, it’s your passion and life. With so many risks and uncertainties it is important to know that your business is covered and protected. Not to mention, you don’t need the added stress of running your business without insurance. Don’t wait a second longer and get restaurant insurance today!


Contact us

260 South 2500 West Suite 303
Pleasant Grove, UT 84062

P: 844.520.6992


"I have used FLIP insurance for two years now. They have always provided excellent service at an affordable price. Don't consider going with anyone else!"

Jessi, TN