Business Liability Insurance:

Insurance is a required business expense, whether you leased or bought restaurant space. Leases or mortgages come with extensive insurance language, that every employee, director, outside contractor, owner, manager and anyone else with a passing interest, be indemnified in case of a claim. Why all this hassle about additional insured you might ask? You as a restaurateur have purchased the requisite policy with the limits require. Everything is covered right? Wrong. The reason landlords, bankers and business owners have become so anal, is because unless someone is specifically, by name or title insured under the policy, they are not insured. Claims tend to cast a wide net around anyone with an interest in the restaurant, (bankers, accountants, landlords, directors, employees, owners, and managers). The effect of not being covered under the restaurant policy is that the individuals have to provide their own defenses, in a suit involving your restaurant. Having been seasoned in the crucible of experience, these participants now require coverage under your policy. An open discussion with your agent is necessary to insure that you, employees, investors, and outside contractors are in fully covered under the policy.