Secure Restaurant’s Future with Key Insurance Quote Today
Real-World Examples and Statistics
Statistics show that 60% of restaurants fail within the first year, and 80% within five years2. Many of these failures are due to unforeseen events that could have been mitigated with proper insurance coverage. For instance, a restaurant in Florida faced a lawsuit after a customer slipped and fell, resulting in a $100,000 settlement. Fortunately, their general liability insurance covered the costs, saving the business from financial disaster3.