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.

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