Hazard Assessments Lag + Keep Employees Safe + Alert Buttons + Weapons Detection Technology + Restaurant Insurance

Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims. In recent years, however, a sizeable number of companies have not conducted the required inspections.

According to a Marsh survey, 49% of companies haven’t conducted a formal assessment of hazard exposures in the past two years. This is a significant increase from 2020, when that number was just 33%.

Marsh reported that the COVID-19 pandemic’s disruptive effect, combined with more recent inflation, supply chain challenges, and staffing shortages, created a new layer of difficulty – probably leading to the 16% jump in respondents that had not conducted assessments.

"Most restaurants, and the risk managers who would typically be conducting the assessments, were laser-focused on addressing these evolving risks," according to a Marsh analysis. "And, during the peak of the pandemic, restaurants were reluctant to bring in external professionals to conduct the surveys."

Owning a restaurant is a challenging but rewarding way to make a living. As you build your restaurant business, it is important to have the right insurance in place to protect your investment.

You can get restaurant insurance by buying a business owners policy (BOP), which packages together three essential coverage types for less cost than buying them separately:

Property insurance
Business interruption insurance
Liability protection

From there you can add on customized coverage for your restaurant business.