Essential Business Insurance Coverage for Full-Service Restaurants NAICS Code 722511

Essential Business Insurance Coverage for Full-Service Restaurants NAICS Code 722511

AllReading Time: 10 minutes

As a owner of a full-service restaurant, it is important to understand the various types of commercial insurance that can help protect your business from financial risks. This guide covers the top business insurances full-service restaurants should consider based on their industry exposures and operations.

Key Takeaways General liability insurance protects against claims from customer and employee injuries on premises. Property insurance covers costs to repair or replace buildings and equipment after insured property damage or theft. Workers’ compensation covers...
Top Business Insurance Policies for Electronics and Precision Equipment Repair Shops (NAICS 8112)

Top Business Insurance Policies for Electronics and Precision Equipment Repair Shops (NAICS 8112)

AllReading Time: 10 minutes

Businesses classified under NAICS Code 8112 that provide electronic and precision equipment repair and maintenance services require certain types of business insurance to protect their operations. This guide covers the most important insurance policies these businesses should consider including General Liability, Property, Auto, Inland Marine, Workers' Compensation and more.

Key Takeaways General Liability insurance protects against third party claims such as customer injuries on premises. Property insurance covers equipment, tools and other business property against risks of loss. Auto insurance covers vehicles used for business...
Top Business Insurance Options for Airlines and Scheduled Air Transportation Companies (NAICS Code 4811)

Top Business Insurance Options for Airlines and Scheduled Air Transportation Companies (NAICS Code 4811)

AllReading Time: 9 minutes

As businesses operating in the high-risk scheduled air transportation sector, airlines and cargo carriers face a variety of insurance needs to protect their operations and finances. Some of the most important types of coverage include general liability, business interruption, aircraft passenger liability, cargo liability, workers' compensation, and directors and officers liability insurance.

Key Takeaways General liability insurance protects against third party bodily injury and property damage claims Business interruption insurance reimburses expenses and lost income during operational disruptions Aircraft passenger liability insurance covers costs of...
Top Business Insurance Options for Other Management Consulting Services (NAICS 541618)

Top Business Insurance Options for Other Management Consulting Services (NAICS 541618)

AllReading Time: 8 minutes

As a management consulting business, it is important to protect your company from a variety of risks through adequate insurance coverage. This article examines the key types of business insurance that consulting firms in the NAICS 541618 industry - Other Management Consulting Services - should consider.

Key Takeaways General liability insurance protects against lawsuits from clients or third parties Professional liability/E&O insurance covers costs of claims alleging mistakes or negligence Property insurance reimburses costs if offices or equipment are damaged...
Top Business Insurance Options for Scientific Research and Development Services with NAICS Code 5417

Top Business Insurance Options for Scientific Research and Development Services with NAICS Code 5417

AllReading Time: 11 minutes

Businesses in the scientific research and development services industry face a variety of risks due to the nature of their work developing new products, conducting experiments with potentially hazardous materials, and handling sensitive intellectual property and client data. To protect against costly claims, disruptions or losses, it is important for companies in this sector to have adequate business insurance coverage tailored to their operations and risks. This article outlines the top insurance options scientific R&D businesses in NAICS code 5417 should consider.

Key Takeaways General liability insurance protects against costly third-party lawsuits from accidents or injuries on your premises Professional liability insurance protects against claims of errors, omissions or negligence in your services or advice to clients...
Essential Business Insurances for Oilseed and Grain Farmers with NAICS Code 1111

Essential Business Insurances for Oilseed and Grain Farmers with NAICS Code 1111

AllReading Time: 8 minutes

As an oilseed or grain farmer, protecting your business operations from risks outside your control is essential for long-term viability and stability. Several key types of commercial insurance policies should be evaluated to safeguard important assets like crops, property, machinery, employees, and vehicles used every day on the farm.

Key Takeaways Consider crop insurance to mitigate risks from natural disasters and access subsidies. Purchase general liability to protect from injuries on your property and lawsuits. Get property insurance for buildings, equipment, crops, and interruption coverage....