Despite the current economic crisis, traders should pay attention to your insurance. Also here is high savings potential. Even if sales in the hospitality industry are decreasing in the last few months insurance experts recommend restaurateurs not to terminate the important insurance of operation. Because what helps save costs at first glance can be even to the existential threat in the event of an emergency. It’s especially in tougher economic times. The last few months were not easy for the German gastronomy.
According to figures from the Federal Statistical Office (Destatis), the hospitality industry suffered partly bitter losses in sales already in the first five months of the year. Although the food compared to the accommodation sector with a decline of real 5.5 percent, not seasonally adjusted, compared came away well, but this result not attracted high spirits sure. If one or the other restaurateur now his operation embarks on the search for the potential savings, it’s certainly not reprehensible. But insurance experts warn here too quick decisions in the insurance, even if the saving upon termination of some insurance policies at first glance may seem tempting. On the contrary, the specialists advise even to check the insurance protection especially in difficult economic times and if necessary supplement.
Because damage can be right now other than at peak times without insurance protection to the serious threat to the existence of. Therefore your tip: think not only retirement savings, the public liability or a non-life insurance, which covers, for example, risks such as fire or water damage. As damages of this kind usually accompanied by a period of renovation, also a business interruption insurance is recommended. She can hedge the loss of earnings and the cost for personnel for temporary closure. To tap savings potentials in the business insurance, the insurance must not be terminated. A good alternative is here, for example, with a comparison Business interruption insurance to find opportunities for cost reductions.