restaurant insurance Archives - Melendez Insurance

Eight Tips to Help Avoid Costly Slips, Trips & Falls

No one wants to see employees hurt on the job, especially if an accident was preventable. Unfortunately, slips, trips and falls can be major and costly accidents in the workplace. Nearly 20 percent of the workers’ compensation claims filed last year were due to slips and falls. About one-third missed work for a significant time because of their injuries, which can increase the cost of claims dramatically. With a proper safety plan in place, you could avoid accidents or reduce the severity of accidents, decrease an injured employees’ time away from work and avoid productivity drops. You could also keep your costs in check. What are the common causes of slips, trips, falls? Slips, trips and falls can occur on a variety of walking surfaces as well as on ramps and stairways. Some of the major hazards associated with these accidents can include: Slippery, broken or uneven surfaces Inadequate spill cleanup Poor drainage Weather conditions Loose rugs or wrinkled carpet Clutter, poor lighting or obstructed views 8-question checklist for evaluating floor safety So are the floors at your business safe?… Read More

The 5 Biggest Financial Threats to Your Small Business

Biggest-Financial-Threats-for-Small-Business

Running a business is about balance. You have to balance your weaknesses with greater strengths. You have to balance your team with talented candidates in many different disciplines. You have to balance threats with opportunities, or at least proactive measures to reduce those threats. Threats to your business can come in many forms, from conceptual failures to real physical consequences. Some of the most dangerous threats are financial threats, which can escalate your costs, stifle your revenue growth, or in some other way compromise your profitability. As you grow and develop your business, be sure to avoid these five major financial threats. 1. Losing a Major Client Once you get your business up and running, you’ll probably have a handful of major clients or a major segment of your audience that you rely on for the majority of your revenue. The Pareto principle applies here for most businesses—approximately 80% of your business (or revenue) will come from 20% of your customers.… Read More

America’s Best-Kept Secret About Business Insurance

The vast majority of successful business owners enjoy that status by working hard and making smart decisions. One of the best decisions any company can make is finding experienced, qualified people for key positions. One position that can greatly impact any business investment’s chance of success is its insurance agent. Do you want an agent who works for your business, or the insurance company? To protect your investment and future, purchasing from a quality business insurance company is imperative for the long-term success of your business. As a business owner, however, it can be difficult to know what actually constitutes a “quality” company, given the variety of options available to you. This article will serve as a primer to help guide you in the right direction. Captive Versus Independent There are two primary types of insurance agents who will handle your business insurance needs. Understanding the differences between the two will help you determine which one is best suited for your business and your needs.… Read More

What You Need in Restaurant Insurance

As a restaurant owner, what you need in restaurant insurance probably includes coverage for your building, your business personal property, the personal property of others in your care, liability and employee on-the-job injuries. And that is probably just the beginning since restaurants face some pretty unique risks. Below are some common industry risks that can help you think about what you need in restaurant insurance. Not every insurer or policy offers coverage for each one, so it’s important to have an idea of what you really need in restaurant insurance when you’re shopping for coverage. This is a chart of what you need in restaurant insurance.

A few of the other coverages that restaurant owners often need include coverage for property damage related to an off-premises utility failure; employee dishonesty and theft; sewer and drain backup; and dish and glass breakage. As you can see, restaurant insurance is important—and complex. To get some peace of mind about your coverage, it’s important to speak with an insurance professional.… Read More