What are some sample premiums for restaurant insurance in Texas?

Answer 1

Of course, no carrier can accurately quote your insurance without specific bonafide information that is particular and unique to each risk. However for those looking to size up a proforma budget, the following is merely an indication based upon having experience, no claims: Small Ethnic Restaurant with modest sales (between $300,000 and $800,000 yr gross) with $150,000 Contents: Est: $1800 yr. for a property, liability policy and est. $3500 yr for workers compensation. Larger Family Style Restaurant with sales between $800,000 and $1,800,000 with $400,000 Contents: Est. $5000 yr for a property liability policy; est $8000 yr for workers comp. Large Fine Dining with sales over $2 mil yr and over $1mil property coverage, est over $10,000 yr and over $15,000 for workers comp. Minimum premiums for most carriers run between $750 yr and $1000 yr. for either property/liability and workers compensation. Another type of policy that is generally available is EPL (Employment Practices Liability) for Sexual Harassment, Wrongful Termination and Discrimination. It averages around $1500 per location. Again, all of this is a sample/example and not specific to any certain location or operator. To get an accurate premium quote, and not simply an indication, contact someone who insures restaurants.