No one can deny that a restaurant can be a hectic, busy place. Between the kitchen making orders to wait staff or cashiers taking orders to dining rooms filled with customers, there is a flurry of activity going on, especially around mealtimes. While you do your best to keep everyone comfortable and serve quality food, mistakes can happen, and unforeseen incidents can be costly. But that’s why your Morison Insurance broker is here: to help keep you protected with the best restaurant insurance Ontario businesses can get.
There are a lot of risks associated with the restaurant industry, and without the protection provided by restaurant insurance, Ontario business owners run the risk of having to pay thousands of dollars out of pocket for any losses or damages that arise when the unexpected happens. But with a broker helping you get the right insurance policy to protect your establishment, you can rest assured that you have the protection you need, so you can focus on your business and creating great food. Contact us today to get started on your insurance or read on to learn more about Ontario restaurant insurance.
Ontario restaurant insurance is designed to protect restaurateurs and food service owners. There are a lot of risks associated with running a food service business, and having this business insurance coverage will help protect your restaurant in case of damages or losses arising from incidents such as bodily injuries or property damage, liability claims, employee illnesses, and business interruptions.
For example, let’s say someone dining at your restaurant alerts you to an allergy, but cross-contamination causes them to suffer an allergic reaction. With restaurant insurance, you would be covered for medical and legal costs associated with that incident. Or, perhaps a fire breaks out in your restaurant, damaging your property and causing you to have to close for repairs. Your policy would provide coverage for the repair costs and cover expenses associated with the business interruption.
Ultimately, having Ontario restaurant insurance is vital, as it provides you with financial protection should the worst-case scenario occur. If you wish to learn more about how you can be protected with the right restaurant insurance, Ontario’s top insurance brokers from Morison Insurance are just a call or click away.
Ontario businesses technically don’t need insurance outside of what’s legally mandated or their industry requires, but every one of them will tell you it’s a good idea to have a custom business insurance policy for your unique needs. So, just about any food-based business can benefit from having restaurant insurance in Ontario, including:
Ultimately, if you are a business that sells food you’ve prepared, you likely should have some form of restaurant insurance in Ontario.
Unsure if you need restaurant insurance? Ontario insurance brokers at Morison Insurance will be happy to discuss your needs to see if a restaurant policy would work best for you or if you need different coverage, such as coffee shop insurance.
Technically speaking, in Ontario, you are not required to have most types of business insurance, including restaurant insurance. Ontario does require you to have commercial auto insurance if you drive a vehicle for work purposes, such as making deliveries, along with worker's compensation insurance if you employ workers for your food establishment, but technically, you do not need any other form of restaurant insurance in Ontario.
That said, it is still a very good idea to have some form of business or restaurant insurance. Ontario mortgage lenders and leasers, for example, tend to require you to have some form of insurance protection before they make a contract with you, and, as explained above, running a restaurant exposes you to certain risks and liabilities that would leave you on the hook to have to pay hundreds of thousands of dollars out of pocket, unless you have the right insurance coverage. As the majority of Ontarians do not have that type of cash on hand, this means that without insurance coverage, you would run the risk of going deep into debt or having to shut down your restaurant for good if you are held liable for an incident or should an unexpected event occur that cause loss and/or damage to your restaurant. So, it’s best to protect yourself and your establishment with an Ontario restaurant insurance policy, and our team of brokers can help you get the best policy for you.
As every food service is different, their insurance needs will differ, so their Ontario restaurant insurance coverage will vary as well. Consider a small business running a fine dining establishment compared to a drive-in burger joint that belongs to a national franchise: their business models are different, along with the products they sell and what kitchen equipment they need, so why would they have the exact same type of insurance policy?
There are, however, several common inclusions that you can find in most Ontario restaurant insurance packages. These include:
Make sure to speak to your Morison Insurance broker about your business practices and needs to ensure you get the Ontario restaurant insurance that’s right for you.
It is difficult to put an average cost on restaurant insurance. Ontario insurance providers consider a wide range of factors when calculating insurance costs, and even two restaurant owners who run the same type of restaurant in the same area can end up having widely different premiums for restaurant insurance.
Ontario insurance premiums for restaurant policies typically consider factors to determine the cost of insurance, such as:
It is important to be as descriptive as possible about your restaurant's needs when getting a quote, as this will allow us to not only find you better policy options but also get you a better premium. For an accurate restaurant insurance quote, contact the brokers at Morison Insurance.
Ontario caterers, diners, and other food service establishments can greatly benefit from having comprehensive restaurant insurance. Ontario food truck owners, however, often need more specialized food truck insurance coverage. That’s because, while they are a food service business, the majority of food truck owners don’t run a physical location where they serve food: their business is entirely mobile. While this allows them greater flexibility in where they can set up shop and take advantage of festival seasons and special events, it also exposes them to certain risks and liabilities that aren’t covered by traditional restaurant insurance.
Ontario also requires business owners to get commercial automobile insurance for the vehicles they drive, and food trucks need something more than standard auto coverage. It’s best to speak to your Morison insurance broker to determine if Ontario restaurant insurance is right for you or if you need different protection.
You can get a restaurant insurance quote by contacting the team at Morison Insurance. We will take care of all the hard work while you sit back and choose from great options for your restaurant insurance. Ontario’s best brokers have your back when it comes to insurance and will always find you great policies at affordable rates. Give us a call today at 1-800-463-8074 or fill out the form on this page to get a free quote for a comprehensive restaurant insurance policy.
