Insureon Blog

insureon CEO Warns of Higher QSR Insurance Premiums in 2013

17. January 2013 13:15
small business insurance

Quick-service restaurant (QSR) owners can expect higher insurance premiums in 2013, warns insureon’s CEO, Ted Devine.

His comments were noted by QSR Magazine, a leading industry publication, which ran a story today highlighting the reasons for the anticipated jump in insurance costs. According to Devine, a number of factors contribute to the higher costs, including…

Together, these factors contributed to more claims than average in 2012, meaning that insurance providers were required to pay out on policies more often than they expected to.

Risk Management for QSR Owners in 2013

Devine notes that QSR owners can keep their business insurance costs to a minimum by taking proactive measures to improve the safety of their workplace. He also recommends that, to ensure that they are currently covered for any elevated risks they face this year, QSR owners should renew their insurance policies thoughtfully, asking their agent about new risks and industry changes that might affect their coverage before signing on to the same policy they had in previous years.

know your business risks

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Insurance News | Small Business Risk Management

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