Businesses are primarily focused on delivering quality products and services to customers for a price. Great businesses commit to also providing good value reliably and consistently. This is especially true with restaurants at every level. Serving safe, delicious food dependably is the goal, but this cannot be achieved without managing the risks that are present in your industry. If you’re “cooking with gas”, then you understand that risk management strategies for restaurants involve you being proactive and prepared for issues.

Exploring Exposures for Eateries

Consider these exposures that are common for restaurants:

  • Kitchen accidents: Operating stoves, ovens, and sharp equipment can lead to injuries.
  • Foodborne illnesses: Improperly stored or prepared food can lead to foodborne illnesses in customers.
  • Service mishaps: Mistakes such as spilling hot food on a customer or not indicating food allergies properly can result in claims or lawsuits.
  • Cybersecurity concerns: Security breaches can lead to theft of customer credit card info.

A claim or lawsuit related to these issues could cause irreparable damage to your finances.

Defending Your “Diner”

While training and management can help prepare for some of these exposures, commercial package policies or CPPs should also be a part of your strategy. These packages offer various coverages that help shield your business from the costs associated with claims and lawsuits. These plans should be tailored to the specific needs of your restaurant.