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Restaurant Workers Compensation Insurance – Avoid The Small Loss Temptation |
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By Clinard Insurance on
3/8/2010 11:22 AM
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Most restaurant owners understand the basics of workers compensation insurance and most have heard of the experience modification factor. And to show how a little bit of knowledge can be dangerous, many restaurant owners even know that a lot of small losses can have a dramatically negative impact on this modification factor. But using this knowledge in the wrong way can lead to behavior that carries far too much risk for the average restaurant owner.
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Restaurant Insurance – Don’t Forget The Workers Compensation Policy |
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By Clinard Insurance on
2/24/2010 12:20 PM
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Restaurant insurance can be found in many different forms. One coverage that restaurant owner should have is workers compensation insurance. In North Carolina, the law states that if you have fewer than 3 employees you don’t have to purchase workers compensation insurance. But what this rule doesn’t tell you is that not buying a policy could put your very company at risk.
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Restaurant Insurance – Are Your Liquor Receipts Driving Higher Rates On Your Policy? |
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By Clinard Insurance on
2/18/2010 6:00 PM
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Any restaurant that sells alcohol should be carrying liquor liability insurance. This critical coverage is designed to protect you from third party claims generated by accidents caused by inebriated customers who did at least some of their drinking at your establishment. And the way that insurance companies underwrite and rate this coverage can be myopic at best. Here’s how to make sure that the insurance company’s myopia isn’t costing you extra money on your restaurant insurance policy.
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Restaurant Insurance – Use your Medical Payments Coverage to Keep Loss Costs Down |
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By Clinard Insurance on
2/2/2010 12:22 PM
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If you own a restaurant, then you have at least a passing understanding of your restaurant insurance policy. And hopefully you have purchased general liability protection as a part of your package policy. What you may not understand fully, is how the medical payments section of your policy can help you keep loss costs lower, which in turn can save you time and money on your restaurant insurance policies in the future. Here’s how it works.
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Restaurant Workers Compensation Insurance – Protect Your Mod |
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By Clinard Insurance on
1/26/2010 5:45 PM
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Most restaurant owners have at least a general knowledge of workers compensation insurance. They know that they need it and they know it can cost a lot of money. But only a few really understand the experience modification factor and what it could mean for their future restaurant insurance policy costs. This little primer will help you understand just how important it is to protect your mod and how to do it.
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When it comes to Restaurant Insurance, Watch Out for the Audit Trap |
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By Clinard Insurance on
1/20/2010 5:54 PM
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If you are restaurant owner then you probably have some working knowledge of the workers compensation insurance. At Clinard Insurance Group in Winston Salem, NC, we specialize in insuring restaurants and we have found time and again how many restaurant owners are seduced into the cash flow nightmare I call “the audit trap”.
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The Hidden Trap of Spoilage Coverage on Restaurant Insurance Policies |
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By Clinard Insurance on
1/6/2010 5:19 PM
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Spoilage coverage…I’m sure most of you don’t really give it a second thought. Most restaurant insurance policies “throw in” $5,000 or even $10,000 of coverage. Even the policies that don’t automatically include it have a relatively cheap endorsement to add it. But that coverage could disappear just when you need it if you didn’t take notice of the stealth clause that voids your protection. Has your agent explained this little known protection stealer to you?
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When it comes to restaurant insurance, you need a middleman |
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By Clinard Insurance on
12/31/2009 10:44 AM
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The old saying, cut out the middleman, might seem at first blush to apply to shopping for insurance as well… but a second look will prove that you not only need a middleman, you need an independent middleman . This is especially true when it comes to restaurant insurance. The middleman will not cost you money here, he will actually save you money, not only on your restaurant insurance purchase, but even more so if you experience a claim. Read on to find out exactly why.
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