Catering Services – Banquet Hall

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General Liability Insurance is one of the most common types of small business insurance for caterers. Sometimes called "slip-and-fall" insurance, this policy protects you from lawsuits about injuries at your events.

When you own a catering company, or run a restaurant that provides catering services, it’s crucial to invest in proper catering insurance that will keep your business alive and well – even when unwanted circumstances occur. Full-service and independent caterers, as well as caterers who serve weddings, social events, corporate clients and concession stands, can equally benefit from catering coverage. Check out exactly what a catering insurance plan typically covers and entails.

A security blanket for any catering business, general liability insurance offers solid legal protection in the event that the company is found liable for any incident or event. General liability pays for a catering business’ legal fees, court settlements and bond premiums, in addition to other related expenses. Even if a catering company is found liable in a lawsuit, this insurance allows it to stand up for itself while simultaneously maintaining a successful business.

One of the most important insurance policies a catering business could have, product liability insurance is necessary to ward off lawsuits that come with a harmful food or drink product sold to one or more customers. Contaminated meat, expired beverages and meals that cause food poisoning or other food borne illness in customers are just three common instances where product liability insurance is desperately needed. If a customer can prove that the food or drink product sold by a catering company made them sick or brought them harm, product liability insurance helps with the extremely high costs.

In the event that business property gets destroyed – including the personal property of employees who work at a catering business – business property insurance covers a catering company’s work space, inventory, equipment and other business assets. Natural disasters, kitchen fires, criminal activity and equipment breakdowns are all good reason to invest in business property insurance. Policies make sure that damaged property can be replaced, with costs covered, and most offer additional coverage that can be added to the initial business property insurance plan.

You’ve worked hard to build up the reputation of your beautiful venue, and you’ve agonized over all of the details, from the wallpaper to the tables to the napkins. You’re a whirlwind of activity as you rent out your premises and coordinate the details for your client. From upscale ceremonies to birthday parties, you’ve seen it all. Your goal is to help your guests have a wonderful experience, and you’ve become a pro at making everything come together seamlessly. Everything has to look effortless.

While the exact cost of your insurance depends on the size of your venue, the property you own, the number of people you employ, and other specifics related to your banquet hall business, we’ve provided these sample insurance quotes to give you an idea of how much your business insurance will cost.

These cost estimates represent the range of prices a typical banquet hall or reception facility can expect to pay for coverage, and are intended purely for illustration.

Nearly every business needs General Liability Insurance. It’s especially important for banquet halls because it covers the cost of a lawsuit when someone is injured on the premises. It also covers lawsuits over property damage, reputational injuries, and other basic business liabilities.