Toronto Restaurant Insurance

On a daily basis, restaurant owners and/or managers tend to have a lot on their plates. They have to worry about how to boost sales, how to reduce costs, how to best manage their inventory, how to retain and motivate staff – the list goes on. 

If you’re reading this, chances are you’re either a restaurant owner or a restaurant manager. If so, there’s one thing that you shouldn’t worry about anymore: getting blind-sided by liabilities and lawsuits. This is where restaurant insurance comes in. Not only does having the right insurance give you peace of mind, but it can also give you a competitive edge. 

Canadian foodservice is a $90 billion industry and it’s the country’s 4th largest private-sector employee. With many businesses vying for the hearts of customers while trying to stay on top of costs, liabilities, and lawsuits are definitely not welcome additions to the equation. 

At KASE Insurance, we can help your restaurant get the needed coverage so that your business is always prepared for potential risks. While we take care of your insurance needs, you can focus your time and energy on what matters, doing what you love and growing your restaurant business. 

What Is Restaurant Insurance?

There are about 61,000 restaurants in Canada with annual revenues ranging from $30,000 to $5,000,000. Though it is a competitive industry, there is definitely potential for these types of businesses to bring in large revenues. Part of securing your restaurant’s revenue is to make sure your restaurant is properly protected by insurance. 

When it comes to restaurant insurance, it is never a one size fits all solution. However, the basic insurance package for restaurants should encompass the following:

  • Property Insurance 
  • General Liability Insurance
  • Worker’s Compensation

The basic restaurant insurance policy would be enough to protect you from common incidents that can lead to financial loss such as when a customer slips/falls within your establishment or if a customer suffers from food illness. This can also provide coverage in instances when employees become injured or ill while at work and more.There are also additional coverages that you can add to this basic package depending on the needs of your business. This includes: 

  • Liquor Liability
  • Food Contamination Insurance
  • Automobile Liability Insurance

We’ll go more into detail about what these would cover in a later section.

A waitress walks over to serve the restaurant’s customers

Why Is Restaurant Insurance so Important?

Restaurants are exposed to potentially risky situations that can make them vulnerable to lawsuits or other liabilities. There is a lot that can happen. 

First of all, the kitchen with its various tools and equipment is ridden with accidents waiting to happen. As a restaurant owner or manager, while you may have done all you could to make this workspace as safe as possible, there are plenty of unforeseen liabilities that can cause damage to your property or injury to an employee or customer.

There’s also the chance that food can go bad and cause food illness. Due to the heavy foot traffic that a restaurant has, with people coming and going, there’s a lot that can happen like accidents, slips, and falls within your restaurant’s premises. If you have delivery vehicles, any accidents that the vehicles have can also be a potential liability. 

Not all restaurant businesses are the same and there are different risks associated with each individual business. This is why a customized restaurant insurance policy is important. It will help to protect your business against costs from lawsuits and liabilities, thereby safeguarding your revenue and helping your business to survive and thrive. 

What Does Restaurant Insurance Cover?

Earlier, we’ve talked about what the basic coverages a restaurant insurance policy should have. Each of these parts represents different coverages: 

Property Insurance

Property insurance covers your buildings, furniture, equipment, and other properties you have as a restaurant owner. If you are leasing your restaurant venue, chances are the owner of the building would have property insurance in case of damage to the property. However, this would not extend to the contents of the property such as furniture or equipment that belong to your business – which is why it’s still useful to have property insurance.

General Liability

This coverage protects your business in the event that somebody is injured on the premises of your restaurant. General liability insurance can also assist with copyright infringement lawsuits, reputation damage, and medical costs that arise from food illnesses. 

Worker’s Compensation

This coverage protects your employees against work-related accidents or illnesses and lost wages. This commonly comes with employer’s liability insurance, which covers legal costs associated with a worker’s compensation lawsuit.

Liquor Liability

This protects your business against liabilities and costs related to incidents where an intoxicated customer injures themselves/someone else, damages property, or commits a crime.

Food Contamination Insurance

This coverage is made to help a business recoup the costs of spoiled or contaminated food in case of a power outage.

Automobile Liability Insurance

This coverage is particularly useful if your restaurant owns delivery vehicles or vehicles used for catering events. This will protect you against medical, legal, or repair costs that are associated with a vehicular accident.

Who Needs Restaurant Insurance?

There are various business types that fall under the category of F&B services. Most (if not all) businesses that serve food and drinks will benefit from securing a comprehensive restaurant insurance policy. Some of these business types can include the following:

  • Bars/Pubs/Taverns
  • Bakeries
  • Cafes/Coffee Shops
  • Delis
  • Diners
  • Food Delivery Services
  • Quick Service Restaurants/Fast Food Franchises
  • Pizzerias
  • Sandwich Shops
  • Tapas Bars
  • Lounges

Why Choose KASE Insurance?

As one of the top providers of restaurant insurance in Toronto and the rest of Canada, KASE Insurance is your partner in ensuring the success of your business. With the right restaurant insurance policy in place, you will be able to have coverage for unforeseen events that can negatively impact your property, your employees, your customers, your equipment, and so on. We can put together the best possible insurance policy for you based on the individual needs and risks associated with your business.

Contact us today and let’s get started! With KASE Insurance, you’re in good hands.

Read what clients have to say about KASE

By far the most professional and trustworthy insurance brokerage I have known. We have been working with this firm for number of years now and I have nothing but good to say about their team and services. Stan and his team won't stop until we are fully satisfied. They are always on top of things, super fast in their assistance and very professional. I highly recommend this firm to anyone seeking for great insurance brokerage to work with. Big Thank You to Stan and Kase Insurance for many many years of great service!

Reviewer: Alex K


5 out of 5 stars

Stan and is team at KASE Insurance have been fantastic in explaining what insurance we needed for our business. Very hands on approach and detailed. I work highly recommend KASE Insurance for any business owner looking for great service.

Reviewer: Kyle Grooms


5 out of 5 stars

The KASE team is very easy to work with. They answer your questions quickly, walk you through the process patiently, and find you great rates. We've been working with them for a few years and we haven't felt the need to shop elsewhere because of their customer service.

Reviewer: Sasha Boersma


5 out of 5 stars

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