THREE Business Insurance Provides Valuable Information on Proven Strategies for Restaurant Risk Management
What to know about restaurant risk management and insurance.
Omaha, NE, June 14, 2025 (GLOBE NEWSWIRE) --
If you own or operate a restaurant, you know that how well you manage daily risks plays a major role in your success. Effective restaurant risk management has many parts, but it starts with having the right financial protection.
While there are other steps to take to reduce restaurant risks, getting the right insurance is a critical first step. Even if your employees follow every best practice and training tip, they're still human. Even the most careful employees make mistakes from time to time.
That's why having a comprehensive policy from THREE is a lifesaver! Whether one of your team members suffers a deep cut while working in the kitchen or a storm damages your roof, your policy can pay the associated costs so you don't have to dip into your savings or revenues. For restaurant owners and investors, having that financial protection is incredibly reassuring.
Let's explore the topic of restaurant business risk management, including what coverages are in a THREE policy and five steps you can take to lower your risk.
Protect your restaurant with a comprehensive THREE policy.
THREE is a leader in food industry risk management. Our all-in-one insurance for restaurants is designed to protect your whole business. It has all the coverage most restaurants need to mitigate risks, including:
WORKERS' COMPENSATION INSURANCE
This coverage protects employees who get hurt at work. It can pay for their treatment and rehabilitation and cover part of their wages while they recover. If an employee dies on the job, this insurance can pay what's known as a death benefit to the family.
PROPERTY INSURANCE
This part of a THREE policy protects your business from the costs of repairing, restoring, or replacing business property. It's crucial in case of an incident like a kitchen fire or natural disaster that damages your building or its contents. Plus, it can pay expenses related to business interruption if you have to shut down temporarily.
EMPLOYMENT PRACTICES LIABILITY INSURANCE
EPLI covers claims by your employees of sexual harassment, discrimination, wrongful termination, and the associated legal costs.
COMMERCIAL AUTO INSURANCE
Accident liability, physical damage to your vehicles (collision and non-collision related damage), and towing reimbursement are included in Commercial Auto.
LIQUOR LIABILITY INSURANCE
The Liquor Liability component of a THREE policy can protect you from incidents related to serving (or overserving) alcohol to your customers.
CYBER LIABILITY INSURANCE
If a hacker gains unauthorized access to your systems, steals sensitive information, and uses it to commit fraud, cyber liability can protect your business.
A THREE policy has all of the coverage most businesses need—making it an effective component of your restaurant risk management plan.
Getting a quote and buying insurance from THREE is easy.
Getting a quote for restaurant business insurance shouldn't be difficult or time-consuming, and with THREE, it isn't. You can get a quote online in five minutes or less.
After getting a quote, you can also buy your policy online or over the phone. Coverage is typically active the next day.
5 proven strategies for restaurant risk management.
Risk management is essential in the food industry. However, it's impossible to eliminate all restaurant business risks. But if you're willing to invest the time and effort, there are some steps you can take to reduce the risks common in the industry.
Here are five actions that can greatly reduce the likelihood of costly food service incidents:
1. Perform a restaurant risk assessment.
To minimize your risks, you have to understand your risks. It's essential to look at every aspect of your operation critically and consider what could go wrong. That's probably not something you'll look forward to or enjoy, as it forces you to acknowledge that your business is vulnerable to all kinds of incidents—and that can be a little scary. But knowledge is power, and once you complete your restaurant risk assessment, you're in the driver's seat and can take steps to minimize those vulnerabilities.
2. Develop mandatory employee onboarding and training processes.
The restaurant industry tends to have a high turnover rate, so your business will likely bring in new employees regularly. And, of course, you want them to get up-to-speed as quickly as possible. Just be sure not to prioritize speed over safety. Standardizing and documenting how you'll get new people acclimated to their roles and responsibilities ensures safety training doesn't get forgotten. Training should include providing general information (like company policies and rules) and role-specific training (how to use kitchen equipment as a cook), as well as key safety processes and procedures.
3. Monitor and maintain your facilities and equipment.
Actions like shoveling sidewalks and mopping wet floors as soon as you notice a problem help reduce the risk of employee and customer injuries. Similarly, addressing issues like a minor roof leak promptly can keep it from becoming a significant problem and safety risk. It's also important to check and service your equipment regularly to protect employees and customers.
4. Know and follow safety codes.
Health Department rules and regulations vary by location, so it's essential to understand what's required of your restaurant in everything from employee hygiene and food storage to kitchen and dining area cleanliness. Be sure to stay current on the rules and ensure your employees understand and follow them. Being in compliance also means having the appropriate licenses.
5. Be transparent about ingredients and allergens.
Triggering a customer's food allergy can harm them and lead to a costly lawsuit. Be sure your menus have clear and complete information about ingredients, and train your kitchen staff and servers on how to protect diners from issues like cross-contamination and being served the wrong dish.
Trying to reduce your restaurant business risk? We can help!
THREE has deep experience providing insurance for food service businesses, which is why so many restaurant owners see us as their restaurant risk management partner. New owners rely on us for information on insurance basics. We help them understand that our policy provides the essential insurance coverage they need to protect their businesses, enabling them to move forward confidently in opening and operating a successful establishment.
Experienced business owners and operators also trust THREE for comprehensive coverage backed by outstanding customer service. If their companies grow or change, we're happy to update their policies to ensure they have the financial protection they need.
The fact that we're part of the Berkshire Hathaway Insurance Group, with all its expertise and resources, is especially significant to people who run multiple restaurants. Their operations are more complex, so they appreciate that we're experienced and a calming presence in their often chaotic worlds!
Let's work together to manage your restaurant risks effectively.
You're the expert in running a successful food service establishment. We're the experts in insurance for restaurants. With the protection offered in our comprehensive policy, you can stay focused on creating exceptional dining experiences that bring customers back again and again.
If you have questions about restaurant insurance and the many advantages of a THREE policy, don't hesitate to reach out. Our friendly and knowledgeable small business advisors are here for you!
About THREE Business Insurance
Our promise: one policy, comprehensive coverage, and a fair price. It sounds simple because it is. THREE is here to serve you and your business, with no middleman and as your business's only insurer, we'll protect you from loss, guide you through crisis, and be here when you need us. https://threeinsurance.com
Media Contact:Dave Stanard | 1-800-507-4495
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Comtech Rejoins iCERT, Deepening Commitment to Public Safety Innovation
Renewed Membership Reinforces Public Safety Commitment and Expands Advocacy Platform CHANDLER, Ariz., June 20, 2025--(BUSINESS WIRE)--Jun. 20, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that its Terrestrial & Wireless Networks ("T&W") business segment has rejoined the Industry Council for Emergency Response Technologies, Inc. ("iCERT"). Founded in 2005, iCERT is a commercial sector trade association that brings together leading technology companies to drive innovation, shape effective policy, and promote open standards that improve public safety and emergency response. This return to iCERT is part of a series of strategic moves by the T&W business segment, including the launch of Allerium Mira - a cloud-native call handling platform designed to simplify complexity and support evolving 9-1-1 needs. Together, these efforts reflect a renewed commitment to public safety and essential service providers, backed by the same trusted team, proven solutions, and industry-wide support. "We're excited to collaborate with iCERT as it expands its focus on key issues and innovations in emergency communications," said Susan Ornstein, Senior Director of Legal & Regulatory Affairs of Comtech T&W, who joined the association's board of directors earlier this month. "Under its new leadership, iCERT is amplifying the voice of its members on public policy issues and engaging partner associations like NASNA, NENA, and APCO to advance shared priorities across the public safety community. Together with iCERT, Comtech is well positioned to address pressing public safety and regulatory matters, and advocate for federal funding, legislation, and FCC policy updates." "Few organizations have meant as much to me throughout my career as iCERT," said Jeff Robertson, President of Comtech T&W. "Twenty years ago, I worked alongside two industry visionaries to establish this organization with the shared goal of fostering collaboration between the public and private sectors. I was privileged to serve as iCERT's inaugural executive director and have remained a strong advocate of its mission throughout my career. Seeing our company rejoin the iCERT community is especially meaningful. Comtech is committed to delivering results that help communities become safer, more connected, and resilient, and iCERT is a vital partner in advancing that work." "iCERT stands committed to propelling public safety forward, facilitating collaboration among its member base and industry stakeholders, and creating an environment that fosters innovation and progress," said Don Brittingham, Interim Executive Director of iCERT. "Members like Comtech play a vital role in strengthening the organization's depth and breadth of experience across the full public safety call flow. I am excited to welcome Jeff Robertson and his team back to iCERT and look forward to empowering public safety together." About Comtech Comtech Telecommunications Corp. is a leading provider of satellite and space communications technologies; terrestrial and wireless network solutions; Next Generation 9-1-1 (NG9-1-1) and emergency services; and cloud native capabilities to commercial and government customers around the world. Through its culture of innovation and employee empowerment, Comtech leverages its global presence and decades of technology leadership and experience to create some of the world's most innovative solutions for mission-critical communications. For more information, please visit About iCERT iCERT—The Industry Council for Emergency Response Technologies—is the only industry trade association focused exclusively on emergency response technologies and related equipment, systems, and services. iCERT is dedicated to improving public safety through innovation. For more information, please visit Forward-Looking Statements Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings. View source version on Contacts Investor Relations Maria Ceriello631-962-7102investors@ Media Contact Jamie
Bloomberg
27 minutes ago
- Bloomberg
Rebecca Shi on ICE Raids Scaring Essential US Workers
Rebecca Shi, American Business Immigration Coalition Executive Director, discusses the impact ICE raids are having on the US labor force and shares her thoughts on whether or not the deportations themselves or the fear the deportations are instilling on workers are putting more stress on the job market. She speaks with Joe Mathieu and Tyler Kendall on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Yahoo
27 minutes ago
- Yahoo
Trade Idea Moves Twins' Byron Buxton to Phillies
Trade Idea Moves Twins' Byron Buxton to Phillies originally appeared on Athlon Sports. The Boston Red Sox may have started a new trend in their trade of Rafael Devers: using the trade market to offload a superstar previously signed to lengthy, big-money deals. Advertisement In 2023, Devers signed a 10-year, $313.5 million extension to his already-existing contract, which was set to expire at the end of the season. The financial commitments the Red Sox had to the slugger did not deter them from moving him just one and a half years into the deal, as they traded him to the San Francisco Giants. Such a transaction has only happened one other time in MLB history – when the Miami Marlins traded Giancarlo Stanton to the New York Yankees three years into a 13-year, $325 million deal in 2018. That beckons a double-barreled question: When will this kind of deal happen again, and who will it involve? According to Bleacher Report's Zachary D. Rymer, the Minnesota Twins and Philadelphia Phillies should field calls to each other about All-Star outfielder Byron Buxton, a player who also won a Gold Glove Award in 2017. Buxton is currently in year four of a seven-year, $100 million deal with the Twins. Jul 31, 2024; New York City, New York, USA; Minnesota Twins center fielder Byron Buxton (25) celebrates his solo home run against the New York Mets with teammates in the dugout during the second inning at Citi Field. Mandatory Credit: Brad Penner-USA TODAY Sports © Brad Penner-USA TODAY Sports "Buxton's long-term future... remains suspect. He is keeping up his act as a two-way star when he does play, but he's a 31-year-old with one of the most cluttered injury histories in recent memory. And as such, the Twins should be wondering if this is their last best chance to sell high on him," Rymer wrote. Advertisement "Because he has full no-trade protection, he'll only go anywhere if he wants to. But if the Twins present him with a chance to spend the rest of his prime with a proper World Series contender, it could be hard for him to turn it down." Rymer sees the Phillies as an ideal trade destination for Buxton because he would fulfill a need the team has been missing for years. "Not since the early days of Odúbel Herrera's career have the Phillies had a reliable regular in center field, much less a star. They have managed to succeed despite this, but that should raise questions about how far they could go if they actually went out and got a star to roam the middle of their outfield," Rymer wrote. "A trade for Buxton would fit the bill, and such a deal would be right up Dave Dombrowski's alley." Advertisement Through 57 games this season, Buxton is hitting .280 with 15 home runs, 45 RBIs, 12 stolen bases, a .898 OPS, and 2.6 WAR (according to Baseball Reference). Related: Phillies' Cristopher Sánchez Reflects on Best Start of 2025 This story was originally reported by Athlon Sports on Jun 20, 2025, where it first appeared.
