An Insider’s Advice About Restaurant Insurance: Six Ways to Reduce Your Costs

5 Min Read By John Russo

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy?

According to a recent survey by Wakefield Research, 90 percent of business respondents said they lack confidence that their business is adequately insured. Half the respondents (53 percent) said the most significant barrier to obtaining insurance was understanding what coverage they needed to protect their business.

Here are some insider tips to help avoid overpaying for coverage, prevent claims that drive up premiums, and make sure your business is covered properly.

1. Safety Measures Protect Employees and Your FinancesStrong safety measures are essential to reduce claims – especially for workers' compensation. Ensure that all safety precautions are being followed, such as having a non-slip mat behind the bar or counter, servicing stove…