If you own a restaurant, bar or other establishment in the hospitality industry, you understand the necessity of having a thorough liability insurance plan to cover many scenarios. People can slip and fall or become sick from the food. There is also the possibility of a fight breaking out, especially when alcohol is involved. What you may not realize, however, is that your basic assault and battery policy isn’t guaranteed to cover all situations.
What Insurance Policy Will Protect Your Business?
The average assault and battery insurance policy typically covers either patron-on-patron claims or agent-on-patron violence, but it may not cover both. You may be sued by an injured patron on-site and off. You could even get sued if someone feels that your security guards used excessive force when breaking up a fight. It’s critical to discuss your policy with your insurance agent to make sure you are protected in a variety of situations.
You may think that standard commercial liability insurance will cover issues of violence, but most do not. Make sure your policy contains verbiage to cover such things as property damage and bodily injury in instances of assault and battery.
It may be tempting to cut corners on insurance for your business, but in the long run having good coverage can save your thousands of dollars in litigation.