Restaurant Insurance is More Necessary Than Ever as Some Owners Overlook Coverage Due to Complexities

 

There is no industry that is immune to surprises and shocks. However, the restaurant industry has been facing its own unique blend of challenges recently, forcing owners to question the adequacy of their restaurant insurance coverage. For many, insurance is perceived as a necessary yet complicated evil, something begrudgingly purchased and then promptly forgotten, only remembered when a crisis strikes. According to the National Restaurant Association, the restaurant industry’s estimated sales for 2023 is $997 billion, but how many of those hard-earned dollars are at risk due to inadequate insurance coverage?

So, what are the key insurance issues restaurant owners must understand to protect their investment? And how can they navigate the insurance landscape efficiently and effectively?

For an episode of “The Main Course” host Barbara Castiglia invited John Cassetta, Sales Manager at CoverWallet — a commercial business insurance company, to provide insights and clarity on the critical topic of insurance for restaurant owners.

In this thought-provoking episode, Castiglia and Cassetta explored:

  • The crucial elements of a Business Owner Policy (BOP) that every restaurant owner must understand.
  • The impact of the pandemic on restaurant insurance and how restaurants have had to adapt their coverage to changing operations.
  • The often-overlooked importance of understanding lease contracts and the division of responsibilities between landlords and restaurant owners.

John Cassetta is the Sales Manager at CoverWallet. He went to The University of Texas at Austin, and has over 20 years of experience in the insurance industry, with a specific focus on small businesses. In his role at CoverWallet, he leads the digital insurance platform, which is designed to simplify the process of buying and managing business insurance.

Follow us on social media for the latest updates in B2B!

Image

Latest

pillars
Discovering Your Guiding Pillars: Aligning Ambition with Wellbeing for a Purpose-Driven Career
October 28, 2025

Success without sacrifice—that’s what more leaders are striving for. As burnout rates climb among high-achieving professionals balancing leadership, entrepreneurship, and family, the question of how to build sustainable success without sacrificing health or identity has never been more timely. Gallup’s research shows that burnout is far from rare: roughly three-quarters of U.S. employees say…

Read More
HR Like a Boss
HR Like a Boss: Building Purpose-Driven, People-Focused, Profitable Teams
October 28, 2025

HR teams are navigating the tension between technology and empathy, discovering new ways to lead with purpose while keeping people at the heart of every transformation. Artificial intelligence, automation, and hybrid work models are rapidly reshaping workplace culture, pushing HR to evolve from administrative oversight to true strategic leadership. As a recent SHRM report…

Read More
appreciation
When Recognition Feels Real, Culture Thrives: The Quiet Power of Genuine Appreciation at Work
October 27, 2025

Employee appreciation is getting a much-needed rethink. Between hybrid teams, retention pressures, and a rising demand for authenticity at work, HR leaders are being asked to prove that recognition isn’t just a line item. According to Gallup, employees who feel they receive the right level of recognition are four times more likely to be…

Read More
benefits costs
External HR Support Can Help Small and Midsize Businesses Manage Rising Benefits Costs and Compliance Complexity
October 27, 2025

Healthcare costs are surging, and compliance landscapes are growing more complex across state lines. HR professionals are forced to rethink how they support both their people and their business strategy. Rising benefits costs, multi-state compliance, and talent retention pressures have converged to make HR one of the most critical and complex functions for small…

Read More