Invest in Insurance Before Opening Your Doors

11.16.2014

Getting started in the restaurant business is exciting work, and nothing short of stressful. Of course, once everything is in place you can develop your own workflow and rhythm, but first things first.

One of the most important aspects of opening your own dining establishment is to obtain the right kind of insurance. It is always better to cover your bases right from the start in order to avoid hardship later on down the line.

Let’s break it down for you so you know what to get and what you can bypass.

The Basics

Some preliminary types of restaurant insurance include property insurance and liability protection.

These two types help to cover you and your business should a disaster such as a flood or fire strike you down. Moreover, liability coverage protects you in case an employee or client gets injured on your property. You may also need to obtain a liquor insurance (and a license) if your eatery sells or distributes alcohol. When drinking is involved, the odds of personal injury or accident become even higher. Another thing to remember is adhering to the rules and requirements of your bank or lender.

Managerial Measures

With the basic types of insurance out of the way, you can now focus on your restaurant as a business, with employees, procedures, and regulations. For instance, we discussed coverage for injured patrons, but you’ll also want to insure your employees in case they get hurt on the job. Most workers also expect to receive some kind of medical, life, and unemployment insurance as part of their employee benefits. While this coverage varies from business to business, it is always something that a restaurant owner needs to keep in mind.

Other Options

Finally, there are several other kinds of coverage that you may be interested in, depending on the nature of your establishment. Some things to consider include any company vehicles, other locations, or equipment. Since we’re talking about the restaurant business, it is wise to look into protecting yourself and your company in case of health and safety issues. For example, food poisoning, contamination, or safety violations could cost you if you don’t have the right coverage. Furthermore, if you live in an area that is prone to perilous weather, such as tornadoes, floods, or harsh winter conditions, then bulking up your general liability protection with something more specific could be a good idea.

Finding a Proper Restaurant for Dining with Friends

april-2016-group-at-timber-restaurant-png-merlin-archiveEveryone needs some quality time, at least once a week, especially after a long period of hard work. Sport and movies might help, but the best thing that you can do is go out with your friends or with your family and eat downtown. It’s not just about eating something really good, but it’s also about relaxing and forgetting about the stress from work or from day to day activities, it’s about socializing and connecting with the people you love and most importantly, it’s about doing something that takes you out from your routine.

Because of this, we’re going to tell you now how to find the best restaurant in your area for dining with your friends or simply enjoying something good to drink.


Online

This is the first thing that you have to do – start browsing the internet. It’s an easy task, as most people have now access to the web, and most importantly, many businesses (not just restaurants) have discovered the power of the internet. Because of this, businesses that respect themselves have a website where you can find almost all the information that you need about them.  Here is an example of an agency that provides surety insurance.  As a consumer, you can learn quite a bit about the agency just from that page….the same holds true for restaurants and many other forms of business.

 


Your Friends

Another thing that you can do is ask your friends, relatives or people you know if they can recommend you a good restaurant. You might have different tastes, but you might find out about something interesting and worth visiting. Depending on what you like, try asking people whom you know have similar tastes in ambiance and food.


4728026Contact Information

Once you’ve found something that you like – at least from the website or from hearing from someone – take their contact information – the phone number and the address. This will help you later for making reservations, especially if you need a bigger table for more than just 3 or 4 people.

Many restaurants that offer quality services won’t be able to offer you a table without a prior reservation, so you need to be prepared to have their number and call them.


The Visit

If you want to make sure that it’s perfect for you and for anyone else who goes with you there, then it’s definitely important to make a visit and see for yourself how the place looks like. This is the best idea, especially if you want to have a birthday party there or any other type of gathering for a special event in your life.

And even if you don’t have something to celebrate, just going out with your friends is in itself a special event, so go ahead and check out the location. Look at the interior and how the tables are set, just sit there and drink a coffee and see how the waiter serves you. These are important details that will surely matter if you want to spend some quality time. You don’t want a place where nobody pays any attention to you – you need to go somewhere that knows how to treat the clients right.


coffee-couple-clip-art_fThe Rest of the Details

Some restaurants are more animated than others, meaning that some can have a louder music and a happier ambience, while others can play something softer and in a lower tone. The truth is that each of them serves to different types of clientele, so you need to know beforehand where you want to go.

You could go with your friends and check out the location, or you could go alone and tell them afterwards. The truth is that you can choose anything and any location, because as long as the food is great, the ambience friendly and the company great, you will definitely have a special time.