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Cafeterias, grill buffets, and buffets in general deal with the making and selling of food to the public. And as a result, there are a lot of risks involved, which can land the company in legal trouble if an accident were to happen.
From food poisoning to property damage resulting from vandalism or poor weather conditions - these are some of the most common risks that cafeterias, grill buffets, and buffets in the U.S. face on a daily basis.
Having an adequate insurance policy in place will free your food business from any financial liabilities that may occur as a result of legal action in the event of an accident at your business premises.
Why Do Cafeterias, Grill Buffets, and Buffets Need Insurance?
In a lot of cases, businesses that deal with food are required by state law to take out a certain level of coverage to keep the business, the staff, and the customers safe in case something happens.
For instance, if a stall member slips, trips, or falls at the workplace and breaks their back - they will be out of work for months. And when your food business has insurance - the insurance company will not only protect your business if the employee decides to sue you but will also cover the employee’s medical bills, hospital fees, rehabilitation costs, and lost wages.
On the other hand, if a customer gets food poisoning by consuming food that your business has made and sold to them - they can file a lawsuit and claim damages. If you don’t have insurance in place and the lawsuit is successful - your business will have to pay the legal fees as well as compensate the customer out of pocket.
Whatever the case might be - protecting your cafeteria, grill buffet, or buffet in general with insurance is always a great idea. This way, you are shielding the financial standing of your company - no matter what accident or unfortunate event might take place.
What Are The Different Types Of Insurance That Cafeterias & Buffets Need?
There is a variety of insurance policies that cafeterias, grill buffets, and buffets in general can take advantage of. The level of coverage your food business needs to take out will depend on the state you operate in, the number of employees your business has, and various other factors.
Below, you can explore the different insurance policies that are recommended for cafeterias, grill buffets, and buffets in general across the United States.
How Much Does Cafeteria & Buffet Insurance Cost?
The premium cafeterias, grill buffets, and general buffets pay for insurance varies from company to company as there are many factors that can affect the total price.
Generally speaking, the average cafeteria, grill buffet, and general buffet in the United States pay around $80 per month or $960 per year on business owner’s insurance (BOP).
If you have employees on your payroll, workers' compensation insurance is necessary. You can get that for an average of $90 per month or $1,080 per year. This policy will cover any expenses that your employees might have regarding an injury or a sickness that they have sustained at their place of work. This includes medical bills, hospital expenses, lost wages, and others.
Every business in the U.S. is recommended general liability insurance. This type of insurance will protect your business from third-party bodily injuries and property damage. Fortunately, it isn’t expensive and costs only around $40 per month or $480 per year.
The average cafeteria or buffet in the U.S. pays around $85 per month or $1,020 per year on commercial auto insurance. This policy is essential if your company owns and operates any vehicles. The policy will protect your company cars, staff, and the third party involved in a road accident takes place.
In addition, CAI also provides cover for your vehicles in case they are stolen or damaged due to vandalism or poor weather conditions.
Typical Cafeteria Insurance Claims
The most popular claims that cafeterias, grill buffets, and buffets in general make are related to bodily injuries from slips, trips, falls, as well as food poisoning from improperly stored food.
Other popular claims are related to property damage due to vandalism, theft, and in rare cases - poor weather conditions. In rare cases, claims are also pretty common if a company vehicle gets into a road accident.