Monthly Tips for Restaurant Insurance

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If you have a restaurant insurance policy, you're going to want to keep a few key things in mind. Learn about monthly tips for restaurant insurance with help from an insurance professional in this free video clip.

Part of the Video Series: Insurance Information
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Video Transcript

Hi, this is David Sumpter, Commercial Insurance Specialist with Wateridge Insurance in San Diego. I've got a couple of tips for restaurant owners, so listen up. When it comes to commercial insurance for restaurants, a couple of things you want to consider for lowering the cost for your commercial insurance program. Number one, always remember commercial insurers love restaurants. It's one of the lowest rated types of business that you can get. So, commercial insurers have really lowered the cost to earn your business. Don't let your broker forget that and make sure you get quotes from multiple carriers. Number two, if you want to look at lowering your cost with, especially when it comes to liability or workers compensation insurance, look at the percentage of your operation's dedicated to delivery, catering and alcohol sales. If any of those are above 25 percent, some insurance carriers are going to look the other, they're going towards insureds that have less than 25 percent for their best pricing. Make sure you have your broker again shop around, look at the best carriers to see where you can cut cost. When it comes to workers compensation, considering, consider something like Shoes for Crews which are custom-made shoes for restaurant employees that lower the slip potential. There's all sorts of things you can do to lower your insurance cost by working with your commercial insurance broker. Check with them, have them shop around and I'm sure you'll get some relief to the bottom line. My name is David Sumpter, Commercial Insurance Specialist with Wateridge Insurance; there's a couple of tips for you restaurant owners.


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