Restaurant Insurance

Whether you manage one kitchen and one restaurant, or you’re a business owner who operates a chain of restaurants, Tomins insurance, powered by Higginbotham, is here to help you run your business better.

We take the headaches out of business insurance to reduce risk for restaurants of all kinds with our convenient 24-hour online portal. You get time back to focus on what’s truly important — running and growing your business, whether your focus today is on updating your menu or redesigning a string of kitchens — or anything in between. And unlike any other online insurance agency serving restaurants, Tomins is backed by the expertise and experience of Higginbotham.

Maybe more important to you, we understand the unique needs of the restaurant business and are ready to design a policy perfectly tailored for you. From basic business owners insurance to any of the more-specialized types of coverage your unique situation needs, Tomins has you covered.

You deserve an insurance partner that works as hard as you do. Tomins — the right insurance choice today.

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Do I Need Restaurant Insurance?

Having the right insurance is one of the most important keys to success in today’s fast-paced business environment. That’s especially true for restaurants.

Between food-borne illness, legal liabilities related to hiring, and the looming potential of an on-premises injury, the restaurant business is full of risks. The last thing you need is another thing keeping you up at night.

Restaurant insurance from Tomins is designed with your restaurant business in mind. We strive to offer the best of both worlds for business owners: on-demand policy documents when you need them, and the expertise, local touch, and proven track record of Higginbotham.

Our custom-tailored approach helps protect restaurant business owners against the distinctive risks that threaten their unique business.

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What Restaurant Coverages Do I Need?

Beyond protecting your physical assets, it’s also important to protect your restaurant business against the possibility of financial loss from lawsuits or settlements. With this in mind, Tomins advises any restaurant owner to consider carrying general liability insurance.

Regardless of the unique characteristics of your restaurant operation, every owner should also carry a Business Owners Policy (BOP). It’s designed to protect your business’s buildings, property, and other business assets against unforeseen loss.

A Tomins restaurant BOP typically includes these four coverages:

  1. Restaurant General Liability Insurance: General liability (GL) insurance is an important coverage for all small businesses to carry, including restaurants. General liability insurance can help cover the costs of damages from lawsuits filed due to injuries or property damage sustained as a result of your business operation.
  2. Commercial Property Insurance for Restaurants: Commercial property insurance can help pay to replace or repair your restaurant business’s  property, store, and equipment in the aftermath of a covered loss.
  3. Business Income Insurance for Restaurants [LINK TBD]: This restaurant insurance coverage can protect you from a loss of income resulting from an interruption of your business operations.
  4. Commercial Auto: If your restaurant offers delivery, you’ll likely want to consider investing in commercial auto insurance. This coverage helps protect an owner against the risks involved with vehicles owned by their business.

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You May Need Additional Coverage

In almost every case, a restaurant business owner should seriously consider the insurance coverages mentioned above (commercial property, general liability, and business income [LINK TBD].

In addition, the unique characteristics of your restaurant business might make an argument for carrying other coverages as well. Some other restaurant insurance coverages to think about include:

  • Employment Practices Liability (EPLI): EPLI can protect your restaurant against legal damages, court costs and other expenses related to improper termination or hiring, sexual harassment, and workplace discrimination.
  • Workers’ Compensation Coverage: This is very important to consider if you hire employees. Workers’ comp coverage can protect your restaurant against legal liability for workplace injuries, along with helping with the cost of wage replacement, medical bills, and other expenses related to an injured employee.
  • Commercial Umbrella: Extra coverage to protect your restaurant business beyond the general aggregate limits of your standard insurance coverage.
  • Cyber Liability Coverage: If you store sensitive photo or video files, or customer financial information, it may also be important to consider cyber liability insurance. Cyber liability insurance can help cover costs incurred from a cyber attack. For example, the costs of data loss and subsequent restoration, legal settlements, and extortion.

Why You Need a Tailored Restaurant Insurance Policy

In addition, Tomins Restaurant Insurance offers fully customizable coverage for any individual situation. Our specialized restaurant insurance policies can also include:

  • Limited Care, Custody, or Control Property Insurance
  • Important Record and Document Coverage
  • Employee Benefits Liability Coverage

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What Does Restaurant Insurance Cost?

The specifics of your unique business operation and the coverages you desire will determine your exact cost for insurance. But if you think about the massive financial losses you could suffer from an uncovered incident, the cost of insurance premiums typically pale in comparison.

While the cost of various types of restaurant insurance coverage can vary considerably, this table outlines some added coverage costs for a typical business.

Insurance Type Average Cost
Commercial General Liability $500 to $700
Workers’ Compensation $1 to $2 per $100 in payroll
Commercial Property Insurance $750 to $1,000
Cyber Liability Insurance $1,000 to $7,500
Business Interruption Usually included in BOP
Employment Practices Liability Insurance (EPLI) $1,200
Commercial Umbrella Insurance $400

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What Do I Need to Get a Restaurant Insurance Quote?

At Tomins, we are in the business of making restaurant insurance easy. Start your free personalized insurance quote now at our online quote page. To make sure we can provide the most accurate and competitive quote possible, it helps to make sure you have the following information available when you apply:

  • Business address and tax ID 
  • Income for your most recently completed fiscal year 
  • Number of employees you currently employ
  • Information about other insurance you currently hold
  • Volume, nature, and storage method tenant or client data  
  • Proof of professional licensing and other relevant certifications or permits  
  • History of past claims (at least three years) 

Take the time to make sure all of this information is up to date and accurate. It’s the best way to ensure that we can provide you with the best quote possible.

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