Comments on: Restaurant Owners Business Insurance

By: A M

A M — Sun, 13 Dec 2009 06:31:09 +0000

15. A
16. D
17. C
18. A
19. C
20. D
21. B

By: Valerie L

Valerie L — Sun, 13 Dec 2009 03:16:41 +0000

You are correct in how it works. However like any insurance if it's used the rates can go up but only for your future premiums you certainly do not get a bill instantly or retroactive. In any case collect the unemployment you are entitled to it and the cost in future premiums to his employer is minimal. A more likely scenario is that the owners didn't pay it along whit other expenses that are a normal cost of doing business.

By: Brad F

Brad F — Sat, 12 Dec 2009 20:32:42 +0000

A bar is a very hard business to run unless you run it yourself. I ran a bar for 4 years. It is one of the easiest businesses for employees to "rip you off" either your cash, or giving away your drinks to friends and such

Also, your liability insurance is very expensive because if someone leaves your establishment drunk and kills someone you can be held liable.

By: ovationlj

ovationlj — Fri, 11 Dec 2009 19:57:56 +0000

By: barefoot prince

barefoot prince — Fri, 11 Dec 2009 10:24:24 +0000

Unfortunately, many of our politicians who work in Disneyland on the Potomac are clueless.
TIf they had to lwrote a resume and list major achievements, most would put down " was reeleected——".

This is the difference, "rich" are the contractors, doctors, enfineers, etxc who work untold hours and work their tails off. The super rich are those who either got lucky, are very good at what they do, or inherited it or married into it. ( Warren Buffet, , Ted Kennedy, John Kerry ).

By: Mike C

Mike C — Thu, 10 Dec 2009 16:09:03 +0000

You can take out coverage of improvements that you have done and also for personal effect and liability. The last would afford him coverage if your actions set the place on fire. I think that is probably what he means, He is probably no insurance expert and just said what sounded right to him. You will be covering the building in a sense if you actions did damage to it through your liability policy ( general Liability or Business Owners Policy) Good Luck with the restaurant.

By: DETROITtigers<3

DETROITtigers<3 — Thu, 10 Dec 2009 10:34:57 +0000

By: Vlad G

Vlad G — Thu, 10 Dec 2009 10:07:09 +0000

You may also have to supply some kind of helath insurance for your employees.

Contact your local Small Business Administration offfice:
San Francisco District Office
455 Market Street, 6th Floor
San Francisco, CA
94105-2420
(415) 744-6820
http://www.sba.gov/localresources/district/ca/sf/index.html

By: saul a

saul a — Thu, 10 Dec 2009 09:51:01 +0000

When you rent out a business the lessee is responsible for all business licenses, insurance and all expenses. As far as covering yourself write a clause in the lease that you will be named as additional insured so that you get paid if the place burns down and also put in a clause that if business falls below a certain level you will repossess the business as is and that will certainly keep them on their toes. There are a hundred other ideas that I could give you but this is not the place for that, so consult a lawyer. Good luck.