You’ve poured your heart (and capital) into building an incredible brewery or restaurant. The perfect menu. The right team. The kind of atmosphere that keeps customers coming back.
But here’s the harsh truth—one unexpected claim could wipe it all out.
I see it all the time: business owners think they’re covered—until they’re not. Here are the 5 most common insurance gaps that could cost you big money (or worse, your business).
1️⃣ Liquor Liability Loopholes 🍺🚫
Not all policies cover alcohol-related incidents. If a customer drinks too much and causes an accident, you could be held liable—and some policies have exclusions that leave you exposed.
💡 Fix it: Ensure your Liquor Liability policy fully covers alcohol-related claims.
2️⃣ Spoilage & Contamination Coverage 🚨
Imagine this: Your walk-in cooler dies overnight. Thousands of dollars in ingredients—gone.
Many policies don’t automatically cover spoilage or contamination, meaning that loss comes straight out of your pocket.
💡 Fix it: Add Spoilage & Contamination coverage to your policy.
3️⃣ Business Interruption Misconceptions 💰
A fire or equipment failure shuts you down. Insurance will cover lost revenue, right? Not always.
Some policies don’t account for supply chain delays, rebuild times, or ongoing expenses like rent & payroll.
💡 Fix it: Make sure Business Interruption insurance includes extended downtime coverage.
4️⃣ Cyber Liability Overlooked 🔓
Think you’re too small to be hacked? Think again. If you take credit card payments or run a loyalty program, you’re a target.
A data breach could cost you thousands—and most general liability policies won’t cover this.
💡 Fix it: Add Cyber Liability insurance to protect against hacks & data breaches.
5️⃣ Employee Lawsuits (EPLI Coverage) ⚖️
One wrongful termination, discrimination, or harassment claim can cost tens of thousands—even if you did nothing wrong. Without EPLI coverage, legal fees alone could cripple your business.
💡 Fix it: Employment Practices Liability Insurance (EPLI) is a must-have.
So, Are You Covered? 🤔
These gaps are real, and they’re costing business owners big money. Don’t wait until it’s too late.
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