By Insureon Staff –
If you’ve had to temporarily close your restaurant during the COVID-19 pandemic, you might be tempted to cancel your insurance to save money. This could cost you more in the long run – and expose you to risk.
The coronavirus pandemic is devastating to restaurant and bar owners across the country. While some food and beverage businesses are offering curbside takeout and delivery to offset losses during the temporary shutdown, the financial toll is staggering.
As you explore every avenue to cut costs, you may wonder if canceling one or more of your restaurant’s insurance policies could help. The money you may save now could cost you more down the road.
Before canceling anything, consider these drawbacks. (more…)