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Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims.
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Hospitality Newsletter | Insurance & Loss Prevention
 
Via Insurance Journal image of Risk management matrix chart with pen and glasses Hazard Assessments Lag at Restaurant Companies: Marsh

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."

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