Restaurant groups slash costs with crime insurance analysis
Real-World Examples and Statistics
According to a study by the National Restaurant Association, employee theft alone accounts for approximately 75% of inventory shortages and about 4% of restaurant sales1. These statistics underscore the importance of having a robust crime insurance policy in place. For instance, a major restaurant chain reported saving over $100,000 annually after conducting a comprehensive crime insurance analysis and adjusting their policies to better reflect their risk profile2.
Exploring Specialized Solutions
For restaurant groups seeking specialized solutions, there are numerous options available that cater to the unique needs of the hospitality industry. Many insurance providers offer customizable policies that can be tailored to include coverage for specific risks such as cybercrime, which is becoming increasingly relevant as restaurants adopt digital payment systems. By exploring these tailored options, restaurant owners can ensure comprehensive protection while optimizing their insurance costs.