One of the most important assets in your restaurant is your food. You have to serve it to keep the business open. You have to serve it safely to keep customers happy. So, if the food goes bad, what can you do to protect yourself and others? There is insurance available, called food spoilage coverage. How does it work?
Make sure to contact an agent at Buschbach Insurance about how to include food spoilage coverage in your restaurant's portfolio. It can help you in more ways than one. Sometimes, it can help in case customers get hurt as a result of your service.
What is Food Spoilage Coverage?
You have to meet certain standards to keep food save and edible. Otherwise, you cannot serve it to your diners. Often, you will have to keep certain food refrigerated. After a certain time, or after certain accidents, you have to throw it out.
So, what happens if the food unexpectedly goes bad? You probably can't serve it. Yet, because you can't, that could signal a financial loss to you. With food spoilage insurance, you might have help.
Spoilage insurance will help you recover costs stemming from unexpected losses of stock. Therefore, you won't have to shell out extra money to replace food damaged through no fault of your own. That creates a financial cushion to help your restaurant withstand these challenges.
Perhaps during a snow storm, you cannot open your restaurant. The power also goes out during the blizzard. The extended closure and lack of power means your food cannot stay cold in your refrigerator. It might spoil, and you won't be able to serve it when you open back up. The snowstorm and power outage was no fault of your own. Your food spoilage insurance might help you pay to replace the food. It can even clean up your refrigerator for smelly messes.
Coverage for Harm to Others
Food spoilage insurance might help you in more cases than just replacing your stock. Should that food harm customers or employees, this coverage might help repay them. Let's say that you don't realize a spoiled piece of food is unsafe to consume. Therefore, you serve it to your diners without realizing that it might make them sick. Should that person sue the restaurant because of the mistake, the settlements might get costly.
Food spoilage can even step in during these cases. It might help you make changes in the business to ensure the damage never occurs again. It might also help you repay others for the injuries they suffer.
Also Read: Restaurant Owners, Don't Stop at General Liability Coverage