Mitigating Risks Not Covered by Your Insurance
By: Mike Stein, Farm Bureau Insurance
Insurance offers great financial protection, but even the best policies do not cover everything. If you are not looking for ways to lower your risk other than insurance, you could be missing out on several opportunities to cut costs and protect your business.
Fortunately, insurance companies are always looking for potential solutions to help businesses avoid unnecessary claims. To get more out of your insurance costs, consider partnering with your insurance agent to proactively find opportunities to address your specific pain points (insured as well as uninsured). For example, consider the following:
Monitoring Water Leaks and Equipment Temperature Changes
In the past, you’ve have heard about Farm Bureau Insurance’s exploration of Hartford Steam Boiler’s (HSB) new Internet of Things (IoT) sensor technology. This technology has helped hundreds of businesses to avoid the direct and indirect costs (many not insured) of equipment failures. Once a client opts into the program, they are hooked. Not only do clients feel protected, but they also enjoy the peace of mind that the live monitoring system provides.
And because the best insurance policies cannot cover everything, short-term items like food loss usually fall under the time deductible, meaning that the insurer is not responsible for loss of income suffered during a specified period. This leaves operators desperate for ways to recoup their losses in addition to added labor and supply costs.
Fortunately, insurance companies are always looking for potential solutions to help businesses avoid unnecessary claims. To get more out of your insurance costs, consider partnering with your insurance agent to proactively find opportunities to address your specific pain points (insured as well as uninsured). For example, consider the following:
Monitoring Water Leaks and Equipment Temperature Changes
In the past, you’ve have heard about Farm Bureau Insurance’s exploration of Hartford Steam Boiler’s (HSB) new Internet of Things (IoT) sensor technology. This technology has helped hundreds of businesses to avoid the direct and indirect costs (many not insured) of equipment failures. Once a client opts into the program, they are hooked. Not only do clients feel protected, but they also enjoy the peace of mind that the live monitoring system provides.
And because the best insurance policies cannot cover everything, short-term items like food loss usually fall under the time deductible, meaning that the insurer is not responsible for loss of income suffered during a specified period. This leaves operators desperate for ways to recoup their losses in addition to added labor and supply costs.
Automated Oil Management Systems
Restaurant Technologies (RT) has four innovative solutions that improve efficiency, solve labor challenges, address employee safety concerns, and mitigate fire potential. Although Farm Bureau Insurance is not directly affiliated with RT, the benefits of their products are substantial, and we encourage anyone with grease cooking to consider the following products and services.
Restaurant Technologies (RT) has four innovative solutions that improve efficiency, solve labor challenges, address employee safety concerns, and mitigate fire potential. Although Farm Bureau Insurance is not directly affiliated with RT, the benefits of their products are substantial, and we encourage anyone with grease cooking to consider the following products and services.
- Total Oil Management: A fully automated oil storage, handling, filtration-monitoring, and disposal management system custom designed to fit individual client needs. Fresh oil delivery, storage, handling and used oil recycling are all automated by Restaurant Technologies and the Total Oil Management system. You and your staff get to keep your hands clean and focus on customer satisfaction.
- Portable Cooking Oil Management: Interested in Total Oil Management but concerned because your establishment has significant distances between the fryer and disposal area, or you have multiple kitchens? Not an issue. RT’s portable cooking oil shuttle system keeps your kitchen running at the pace you want while eliminating employee interactions, purchases of, disposal of, and storage of oil and oil containers. The days of your staff slowly (and dangerously) shuffling hot oil all the way from the kitchen to the dumpster will be long gone.
- AutoMist™: This automated exhaust cleaning solution cleans your hoods, flues, and fans on a regular basis by installing automated sprayers along the hood all the way up to the fan. With these automatic daily cleanings, grease is no longer accumulating over time.
- Grease Lock Filters: These filters can be installed to your existing equipment in seconds. Once the disposable inserts are installed, the filter assemblies capture up to 98% of the grease particles before they enter the kitchen hood system.
Interested in learning more about IoT smart sensor monitoring and other risk mitigating factors? Farm Bureau Insurance is here to help! Contact Mike Stein at 517.333.2060 to take advantage of your MRLA Member discount of up to 15% on home, auto, business insurance and liquor liability.
