Damage to the building caused by fire (e.g. fire)

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A burst water pipe in the restaurant causes extensive damage to kitchen equipment and furniture. The contents insurance covers the costs of repair or replacement.

3. Building insurance
If you are the owner of japan phone data the building in which your restaurant is located, you should not do without building insurance. It covers damage to the building itself that can be caused by fire, storms, hail, water and other risks.

Cases covered:

Natural events such as storms, hail and floods
water damage caused by tap water
Example:

A severe storm damages the roof of the restaurant building. The building insurance covers the costs of repairs.

4. Business interruption insurance
This insurance is also very important for every restaurant business. It kicks in if your business has to close temporarily after an insured loss. Business interruption insurance helps to cover ongoing costs and compensate for loss of earnings.

Cases covered:

Business interruption following insured property damage (e.g. fire, water damage)
loss of earnings during the closure period
Ongoing costs such as rent, salaries that must be paid despite the shutdown
Example:

After a kitchen fire, the restaurant has to close for two months. The business interruption insurance covers the lost profit and running costs such as salaries and rent.



Important but optional catering insurance
These insurances are not necessarily a must in the catering industry, but they can be useful depending on your situation and your need for protection.

1. Legal expenses insurance
Legal protection insurance for restaurateurs covers the costs of legal disputes. It can be very helpful, as legal disputes often come unexpectedly and can be expensive. It is particularly recommended if you are frequently confronted with legal issues.

Cases covered:

Labor law disputes (e.g. with former employees)
Contractual disputes (e.g. with suppliers)
tort disputes
Example:

A former employee unjustly sues for a high severance payment. The legal expenses insurance covers the lawyer's and court costs.

2. Cyber ​​insurance
In today's digitalized world, cyber insurance is becoming increasingly important. It protects against the financial consequences of a cyber attack, such as data loss, extortion through ransomware or business interruptions due to hacker attacks.