1. Exclusions Are Crucial
Insurance has exclusions. They vary by operation. If you are getting a new policy, make sure you have coverage such as for assault and battery as well as abuse and molestation.
2. Honesty Is Key
Tell the truth about your operation on your application. Sometimes insurance underwriters check your social media. Don’t say you don’t have a happy hour if you do. Read your online reviews. If they are inaccurate, you can tell your underwriter.
3. Technology Is Vulnerable Regardless of Age
Whether your restaurant has an older or new technology system, you need to make sure you have the right cyber insurance coverage to avoid lawsuits and protect your business.
4. Proper Training Reduces Risk
If you are adding new inexperienced employees due the staff shortage, emphasize safety training. According to Travelers Insurance, the restaurant industry has the most claims from first-year employees.
5. Not All Insurance Agents Know Every Industry
You need to find agents that know the specific types of risks your industry needs covered. Talk to agent like KJE - restaurant insurance specialists who understand your business.
Visit https://www.kjeconsultants.com/restaurant/ or email us at info@kjeinsurance.com.