Do you own a restaurant? Running a small restaurant requires you to purchase business insurance just in case something were to go wrong. We make sure we compare insurance rates from at least 30 different top insurance providers, as this is the best way to ensure you will receive the right coverage at the best price. 

Why do I need restaurant insurance?

Every restaurant owner needs restaurant insurance in case something unexpected were to happen to you, your employees, or your customers. There are many risks that come with running a restaurant, with some of the more common being burns, cuts, and slip and fall accidents.

How much does restaurant insurance cost?

It depends on your answers to the following questions. It also depends on the laws in your state as states help determine the types of business insurance you need to protect your restaurant business. Once you have chosen the types of coverage you need, you can expect to pay anywhere between $21 a month for simple restaurant coverage and $184 a month for additional restaurant coverage.

  • Where do you live?
  • What type of restaurant do you have?
  • Where is your restaurant located?
  • What are the specific risks associated with running a restaurant business?
  • How many employees do you have?
  • What is your payroll size?
  • What is the worth of your restaurant tools and equipment?
  • Have you previously filed insurance claims?
  • How much insurance coverage do you need?

What type of insurance should a restaurant have?

The three main types of insurance professional restauranteurs need are general liability, business property, and workers’ compensation. 

Restaurant Liability Insurance Cost

General liability covers any claims filed against your restaurant business that involve third-party bodily injury, property damage, personal injury, and/or advertising injury.

General liability insurance costs for restaurant – expect to pay between $21 and $264 a month

Restaurant Property Insurance Cost

Business property covers you if your business property – stove, knives, freezers, etc. – gets damaged during an accident, certain weather events, or through other types of hazards.

Business property insurance costs for restaurant – expect to pay between $28 and $237 a month

Restaurant Workers’ Comp Cost

Workers’ comp helps cover medical expenses and lost wages when you or an employee is injured, has an accident, or comes down with an illness while working.

Workers’ compensation insurance costs for restaurant – expect to pay between $29 and $283 a month

What are additional insurance options for a restaurant business?

Have a large restaurant business or want the peace of mind of knowing you are fully covered for any situation? See the additional restaurant insurance options below.

Restaurant Inland Marine Insurance Cost

Inland marine helps cover the repair or replacement of any lost, stolen, or damaged restaurant tools and/or restaurant equipment.

How much does inland marine insurance cost? – expect to pay between $15 and $28 a month

Restaurant Business Auto Insurance Cost

Business auto covers commercial vehicles used while working. 

How much does business auto insurance cost? – expect to pay between $117 and $161 a month

Restaurant Hired and Non-owned insurance Cost

A hired and non-owned restaurant insurance policy covers hired, rented, and borrowed vehicles you need to use to properly perform a restaurant job.  

Hired and non-owned insurance costs for restaurant – expected pay between $9 and $17 a month

BOP savings

Wondering if you should get a business owner’s policy? A BOP combines different types of policies into one discounted package. If you are in need of great insurance coverage at an affordable price then a BOP is likely the right choice for you. Expect to pay around $175 a month for this bundled policy.

How much will your business insurance cost?

We invite you to contact us now to get your individualized quote so you can figure out exactly how much your restaurant insurance is going to cost. Whether you have just one employee or 20 employees, we know what it takes to find you the most affordable business insurance so you can have the peace of mind you need to professionally run your food-based business.

We look forward to being your one-stop small business insurance specialist!