Save Money on Restaurant Workers Comp

Save Money on Restaurant Workers Comp

Most Restaurants have employees and therefore are required to carry Workers Comp. Workers Comp for Restaurants can be very expensive, but there are ways to reduce the cost of this policy. We will explain the most important ways to Save Money on Restaurant Workers Comp.

Save Money on Restaurant Workers Comp – Safety

This tip may seem obvious, but the reality is, few companies take the necessary time and resources to implement a formal safety program. Safety is an important step in lowering your Workers Comp rates for the same reason safe driving can lower your Auto Insurance rates. The reason is quite simple, Insurance Carriers like to work with businesses that take their loss history seriously. Insurance Carriers often give additional credits and discounts to companies with a clean loss history and a formal safety program.

Save Money on Restaurant Workers Comp – Employee Classifications

While the rate for Restaurant employees is fairly high, there are other classifications that can be used, depending on your employees’ duties. Clerical employees that work strictly as clerical can be separately classified as 8810, which is the clerical class code. The difference in rates between the restaurant class, 9079, and clerical, 8810, is substantial and can save you substantial amounts of money if you do have dedicated clerical employees. In addition, if your restaurant does not prepare hot food, you may be eligible for the sandwich shop class code, 8078. These small changes, while minor, can result in significant savings on your Workers Comp premium.

Save Money on Restaurant Workers Comp – Association Discounts

In addition to saving money with a safety program and accurate classifications, there are additional ways to save money on your Restaurant’s Workers Comp. Many carriers now offer discounts for being a member of the California Restaurant Association. There are additional association discounts that may be available, depending on the carrier and association. When shopping for Workers Comp, make sure to disclose any active association memberships to make sure you are getting these discounts.

If you would like to Save Money on your Restaurant’s workers Comp, give us a call at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

If You Are Serious About Saving Money While Building A Long Term Business Relationship Please Request A Quote And We Will Be In Touch With Your Shortly!