Restaurant Tips – 10 Tips for the Exterior

Ultimately, the influx of capital into the insurance market has resulted in an insurance environment that is extremely soft, with prices falling quickly. For restaurant owners who approach this soft commercial insurance market correctly, some of the largest premium decreases in years are available.

First, insurance pricing is cyclical. The inflated prices simply cannot be maintained in the new commercial insurance environment of 2008. A major reason for this is that most commercial insurance companies are public companies. Consequently, there is a limited amount of insurance carriers competing against one another to write a restaurant insurance account when the market is stable or hard. The impact of this insurance market on niche industry segments like foodservice and hospitality can be exponentially greater than what is happening in the standard insurance market.

Furthermore, select industry groups, brokerage houses, and insurance carriers themselves usually are the ones formulating reports about the insurance industry. You have the potential to reduce your restaurant insurance costs by 20-40% over a five-year period simply by paying close to attention to insurance cycles and acting appropriately.

If you have ten $1 million buildings in a state, you do not need a $10 million insurance policy. Commercial insurance companies use these past losses to help them predict what your future losses may be. If you are like most companies, you have limited knowledge of the details behind the insurance companies' loss runs. Unfortunately, most brokers simply do not handle enough restaurant insurance claims to maintain up-to-date knowledge on the insurance market for the industry.

You should also make every effort to meet your insurance carriers.

Restaurant Insurance - Current Market For Commercial Insurance Favors Restaurant Owners

Restaurant Idea 1. ;Have a clearly defined entrance.

Restaurant Idea 2. ;Provide shelter at the entrance. The weather is not always good and the well designed entrance will start to give shelter to patrons before entering the restaurant.

Restaurant Idea 3. Most restaurants have double doors at the entrance and many times only one door is unlocked, people approach one of the doors grab the handle and pull only to find the door immovable. Most restaurant doors will have automatic door closing devices know as closers.

Restaurant Idea 4.

Restaurant Idea 5. Urban neighborhoods that are under-parked will handicap any local restaurant.

Restaurant Idea 6. ;The front entrance must allow for drop off and pickup. Whether the restaurant will have valet parking or not space for pickup and drop should be provided.

Restaurant Idea 7.

Restaurant Idea 8.

Restaurant Idea 9.

Restaurant Ideas 10. The restaurant sign should have a distinctive outline.