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Rough estimates on insurances for a small restaurant

    • 10 posts
    August 21, 2012 11:59 PM EDT

    With health care costs soaring, small businesses across the country are struggling to provide health insurance coverage for their employees. In 2009, only 46 percent of small businesses with fewer than 10 employees offered health insurance to their workers, which is down from 57 percent in 2000. Add that to the predicament that small businesses typically pay over 18 percent more in health care costs than large corporations, it’s easy to see why small businesses are caught in the middle.

    • 355 posts
    June 4, 2009 6:08 PM EDT
    By property insurance I am assuming you mean theft, burglary, fire and inventory shrinkage. Any insurance agent that deals in commercial insurance should be able to help you with these. 

    The older we get, the more excuses we make for not chasing after our dreams. But truth is, goals are attainable at any age.

    • 355 posts
    June 5, 2009 3:59 PM EDT
    Have you tried Lloyd`s of London?  This is an international company that writes a lot of property policies in the U.S.  Maybe you get hold of on of their reps where you are located?

    The older we get, the more excuses we make for not chasing after our dreams. But truth is, goals are attainable at any age.

    • 2 posts
    June 4, 2009 12:45 PM EDT
    Hi all,
    We are in the process of analyzing what it would mean if we were to start a small (60-70 seat) restaurant. Since we would be coming from abroad there are a lot of things that are not really easy to find on the Net.
    At the moment we are trying to create a rough first budget to see if our idea is feasible. One of the things that we are having a hard time in finding any estimates is insurance.
    Now I have found Workers Compensation and Unemployment insurance costs, and got an estimate on general liability ($1500-$2000 pa). 
    Now for the most difficult one (I think): Property insurance.
    Can anyone give me some idea of what one has to pay per year? Say I were to buy a property for $100,000 and spend $50.000 on remodelling, etc. Then take all other factors more or less average and place the business in Central Florida.



    • 2 posts
    June 4, 2009 8:48 PM EDT
    Hi Nevadascul,

    Thanks, but as we are not in the US at the moment, I was hoping to get some general idea about the height of the premiums from people here :-).
    But we will also be looking at an agent who might be able to give us these very non-specific quotes.