Restaurant Safety: How Restaurateurs Can Improve their Risk Profiles

The outlook for restaurants is complicated. The National Restaurant Association’s Restaurant Performance Index (RPI) demonstrates that a combination of inflation, consumers with less disposable income and rising labor costs have created a difficult market for restaurant owners. These issues have translated to the industry’s insurers as well – causing even more headaches for restaurant owners.

The restaurant insurance market has seen rising costs to insure and as a result, carriers have come and gone from the market. Many insurers have pulled out of the restaurant industry entirely, and some remaining insurers have greatly pulled back on the lines of business they write. It is consequentially more difficult for restaurant owners and operators to obtain comprehensive coverage at a fair price – let alone find policies with the specific coverages they need.

As restaurants navigate this challenging marketplace and look to retain quality, comprehensive, but affordable insurance…