Managing a busy restaurant can lead to forgetting important things sometimes; like insurance. Most people don’t need insurance, until they really, really need it. Even those that keep insurance integrated into their business planning can still find it priced higher than they’d like. One way to keep insurance costs down is to join an association and buy as a group. Franchise businesses are often well placed to align their similar interests and operating routines to take advantage of forming an insurance pool.

Key Takeaways:

• Insurers have access to an in-depth assessment of risk at each restaurant location. If the reports are favorable, it can open operators up to new providers.
• Until now, Moroney says, insurance companies have not kept pace with the growing popularity of delivery services.
• Drivosity has posted tangible results for its clients: fewer accidents, a stronger bottom line, and an expanded pool of insurance quotes

“the industry’s explosion of delivery services has put a pinch on some operators who struggle to afford the much higher premiums associated with operating vehicles to move food”

Read more: https://www.qsrmagazine.com/human-resources/what-know-about-delivery-insurance