Restaurant workers' comp programs
Restaurants have a workforce with high turnover, part-time staff and a kitchen full of heat, knives and wet floors. Multi-unit operators and franchise groups that manage those exposures well are often priced alongside those that do not. A program lets payroll, safety practices and claims handling speak for themselves.
What underwriters look at
- Payroll by class code and by state, including any delivery driver payroll
- Experience mods across the accounts and how they have moved
- Kitchen safety: cut and burn prevention, slip resistant footwear and mat programs
- How quickly injuries are reported and whether return-to-work programs are in place
- Hiring, training and turnover practices for new kitchen staff
- Loss history, with frequency and severity shown separately
What the program can include
- Underwriting guidelines that credit the safety and return-to-work practices your best accounts already use
- Program structures markets may consider, such as guaranteed cost, deductible or dividend plans
- Written on admitted paper, as workers' comp requires
- Loss control, underwriting support and Waypoint Training for your producers and their insureds
What to have ready
- Payroll by class code and by state for the accounts in the niche
- Experience mod worksheets for the larger accounts
- Currently valued loss runs, with a short note on the larger claims
- Written safety and return-to-work programs your accounts use
- Any states the program would write. North Dakota, Ohio, Washington and Wyoming are monopolistic states, where the state fund writes workers' comp.
How it works
- Submit your niche on Waypoint Market. It takes 5 to 7 minutes and your best estimates are fine.
- Get your Program Snapshot on the spot: the gaps to close and an underwriter's read.
- Sign our mutual NDA in about a minute and book a 25-minute submission finalization meeting to plan the program together. Waypoint Specialty licensed brokers then take the program to market.
Own a restaurant workers' comp niche?
Built for MGAs, franchise groups and agencies writing multi-unit restaurant operators. Submit it in 5 to 7 minutes and see how close it is to a program of its own.
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Waypoint Market is a program-development tool of Waypoint Specialty, specialty program brokers. Information on this page is general and educational. It is not a quote, offer or commitment, and all programs are subject to underwriting review and market acceptance. Trust and security · Privacy Policy · Terms of Use