Los Angeles, California (webnewswire) June 20, 2019 – The restaurant insurance brokers at MFE Insurance recently published a blog discussing the benefits of restaurant liability insurance. This type of insurance protects your restaurant and its finances in the event of particular legal claims that you would otherwise need to pay for on your own.
Restaurant liability insurance, also known as general liability insurance, protects your business from lawsuits related to property damage and bodily harm that guests sustain while they are in or around your restaurant. This might cover slips and falls, damage done to a guest’s clothing as the result of an accident, and similar concerns. General liability insurance can also protect against certain claims related to libel and slander against restaurant owners, such as malicious prosecution, wrongful eviction, and violation of privacy. If your restaurant is accused of copyright infringement via advertising, general liability insurance will also help you pay for costs related to those legal cases.
Without general liability insurance, you risk losing money that you could have otherwise saved to grow your restaurant. General liability insurance can help you pay for the cost of investigating claims and defending against lawsuits, including attorney fees, court costs, witness fees, settlements, and court-ordered judgements. It may also cover medical expenses and the cost of repairing or replacing damaged property. Otherwise, you would be responsible for covering these costs yourself. Because restaurants often operate on tight budgets, these expenses could significantly change your business plans and affect your bottom line in dramatic ways. General liability insurance is therefore an important and critical investment in the success of your restaurant.
Speak to MFE Insurance for more information about restaurant liability insurance and to secure your own policy. MFE Insurance offers several types of insurance policies tailored to the entertainment and nightlife industries. Its team of experienced brokers can help your restaurant secure a customized insurance package that protects it from a variety of potential legal and financial concerns. The brokerage offers product liability, liquor liability, assault and battery, property, workers compensation, and equipment breakdown insurance, among other policies, that can be combined to comprehensively protect your business. For more information, contact the agency at 213-266-7990 or online at https://www.mfeinsurance.com/.