Restaurants and retail businesses face a unique set of workplace risks — slippery floors, heavy lifting, sharp equipment, and high employee turnover. Workers comp insurance protects your business and your team when accidents happen.
Common Workplace Injuries in Restaurants and Retail
Slip-and-fall accidents are the leading cause of injury in both restaurants and retail stores. Other common injuries include burns and scalds (restaurants), repetitive motion injuries from lifting and scanning, cuts from knives and equipment, and back injuries from loading and unloading stock.
How Workers Comp Is Priced for Restaurants and Retail
Restaurant and retail workers comp rates are generally moderate compared to construction or roofing — but they’re not cheap. The rate depends on the type of establishment, whether alcohol is served, the volume of customers, and your payroll. A full-service restaurant will typically pay more than a boutique clothing store.
High Employee Turnover and Workers Comp
Restaurants and retail businesses often have high turnover. Every time payroll changes, it affects your workers comp premium. Make sure your agent knows to adjust your estimated payroll if your staffing levels change significantly mid-year — otherwise you could face a large balance due at audit time.
Tips to Reduce Your Workers Comp Premium
Post clear wet floor signs and maintain slip-resistant mats. Train employees on proper lifting techniques. Document all safety procedures. Report payroll accurately and update it when staffing changes. Shop multiple carriers annually with an independent agent.
Get a Free Quote for Your Restaurant or Retail Business
Comp Matters Inc. helps restaurants and retail businesses across the East Coast find affordable workers comp coverage. Call (631) 248-2500 or get a free quote online.
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