2014 RIMS Restaurant Industry Loss Data Survey
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Page 1 Recording of this session via any media type is strictly prohibited. 2014 RIMS Restaurant Industry Loss Data Survey
description
2014 RIMS Restaurant Industry Loss Data Survey. 2014 Restaurant Industry. Presented by: Al Rhodes President SIGMA Actuarial Consulting Group, Inc. 2014 Restaurant Industry. Quick Service: -Raising Cane’s Chicken Fingers -YUM (Taco Bell, Pizza Hut & KFC) - PowerPoint PPT Presentation
Transcript of 2014 RIMS Restaurant Industry Loss Data Survey
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2014 RIMSRestaurant Industry Loss Data
Survey
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2014 Restaurant Industry
Presented by:
Al RhodesPresident
SIGMA Actuarial Consulting Group, Inc.
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2014 Restaurant Industry• Quick Service:
-Raising Cane’s Chicken Fingers-YUM (Taco Bell, Pizza Hut & KFC)-Cajun Operating Company (Church’s)-McDonald’s Corporation-McDonald’s Texas Owner Operators-MRCO (Taco Bell)-JEM Restaurant Group (Taco Bell & Pizza Hut)-Chipotle-Whataburger-White Castle
• Casual Dining:-Dave and Buster’s-Houlihan’s-Cooper’s Hawk Winery & Restaurants-Texas Roadhouse-Noodles & Company-California Pizza Kitchen-The Rose Group (Applebee’s, Corner Bakery)-Red Robin-O’Charleys-American Blue Ribbon
• Full Service:-Denny’s-Landry’s-99 Restaurants-Panera
• Cafeteria/Buffet:-Golden Corral Corporation-Luby’s Fuddruckers Restaurants
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2014 Restaurant Industry
Yes No
Quick Service 4 8
Full Service 1 3
Casual Dining 1 9
Cafeteria/Buffet 0 2
Yes No
Quick Service 0 12
Full Service 2 2
Casual Dining 0 10
Cafeteria/Buffet 0 2
•Do you have 24-hour operations?
General Information
•Are you providing home delivery?
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2014 Restaurant Industry
Yes No
Quick Service
WC 10 2
GL 8 4
Full Service
WC 4 0
GL 4 0
Casual Dining
WC 7 3
GL 3 7
Cafeteria/Buffet
WC 2 0
GL 2 0
•Are you in a self-insured or large retention program ($250,000 or more per occurrence)?
General Information
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Range of Average Restaurant WC Severities - 2011-13
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14
MEDIA
N 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Restaurant
Se
ve
rity
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
MEDIAN
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Range of Average Restaurant WC Medical Only Severities - 2011-13
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14
MEDIA
N 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Restaurant
Se
ve
rity
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
MEDIAN
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Range of Average Restaurant WC Indemnity Severities - 2011-13
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14
MEDIA
N 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Restaurant
Se
ve
rity
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
MEDIAN
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$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
2011 2012 2013
WC Pure Loss Rates for 2011-13 (Exposure: Number of Restaurants)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
Pe
r 2
00
,00
0
2011 2012 2013
WC Pure Loss Rates for 2011-13 (Exposure: Labor Hours)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Pe
r $
10
0
2011 2012 2013
WC Pure Loss Rates for 2011-13 (Exposure: Gross Revenue - Sales)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
Pe
r $
10
0
2011 2012 2013
WC Pure Loss Rates for 2011-13 (Exposure: Gross Payroll)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%P
erc
en
tag
e
Quick
Servi
ce
Full Ser
vice
Casual
Din
ing
Cafet
eria
/Buffe
t
Total
Indemnity Percentages of Total Claims
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0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00F
req
ue
nc
y
Quick
Servi
ce
Full Ser
vice
Casual
Din
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Cafet
eria
/Buffe
t
Total
Number of WC Claims Per Restaurant
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0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00P
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20
0,0
00
Quick
Servi
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Full Ser
vice
Casual
Din
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Cafet
eria
/Buffe
t
Total
Number of WC Claims Per Labor Hours
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0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14P
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$1
00
,00
0
Quick
Servi
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Full Ser
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Casual
Din
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Cafet
eria
/Buffe
t
Total
Number of WC Claims Per Gross Revenue - Sales
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0.00
0.05
0.10
0.15
0.20
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0.50P
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$1
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,00
0
Quick
Servi
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Full Ser
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Casual
Din
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Cafet
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/Buffe
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Total
Number of WC Claims Per Gross Payroll
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0.00
0.50
1.00
1.50
2.00
2.50
2011 2012 2013
Workers Compensation Loss Development
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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Range of Average Restaurant GL Severities - 2011-13
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
$55,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14
MEDIA
N 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Restaurant
Se
ve
rity
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
MEDIAN
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$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2011 2012 2013
GL Pure Loss Rates for 2011-13 (Exposure: Number of Restaurants)
Quick ServiceFull ServiceCasual Dining
Cafeteria/BuffetTotal
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$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
Pe
r 2
00
,00
0
2011 2012 2013
GL Pure Loss Rates for 2011-13 (Exposure: Labor Hours)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
Pe
r $
10
0
2011 2012 2013
GL Pure Loss Rates for 2011-13 (Exposure: Gross Payroll)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45
$0.50
Pe
r $
10
0
2011 2012 2013
GL Pure Loss Rates for 2011-13 (Exposure: Gross Revenue - Sales)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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0.00
0.25
0.50
0.75
1.00
1.25
1.50
1.75
2.00F
req
ue
nc
y
Number of GL Claims Per Restaurant
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0.00
1.00
2.00
3.00
4.00
5.00
6.00P
er
20
0,0
00
Number of GL Claims Per Labor Hours
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0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
0.16
0.18
0.20P
er
$1
00
,00
0
Quick
Servi
ce
Full Ser
vice
Casual
Din
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Cafet
eria
/Buffe
t
Total
Number of GL Claims Per Gross Payroll
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0.00
0.01
0.02
0.03
0.04
0.05
0.06
0.07
0.08
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0.10P
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$1
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,00
0
Number of GL Claims Per Gross Revenue - Sales
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0.00
1.00
2.00
3.00
4.00
5.00
6.00
2011 2012 2013
General Liability Loss Development
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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Range of Average Restaurant Property Severities - 2011-13
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
$600,000
$650,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14
MEDIA
N 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Restaurant
Se
ve
rity
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
MEDIAN
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$0.000
$0.005
$0.010
$0.015
$0.020
$0.025
$0.030
$0.035
$0.040
$0.045
$0.050
Pe
r $
10
0
2011 2012 2013
Property Pure Loss Rates for 2011-13 (Exposure: Total Insured Value)
Quick Service
Full Service
Casual Dining
Cafeteria/Buffet
Total
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2014 RIMSRestaurant Industry Loss Data
Survey (California Only)
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2014 Restaurant Industry
Participants:
1.Denny’s2.California Pizza Kitchen3.YUM (Taco Bell)4.Chipotle5.Red Robin
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Range of Average Restaurant WC California Only Severities - 2011-13
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
1 2 3
MEDIA
N 4 5
Restaurant
Se
ve
rity
Restaurant
MEDIAN
All States
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Range of Average Restaurant WC CA Medical Only Severities - 2011-13
$0
$250
$500
$750
$1,000
$1,250
$1,500
1 2 3
MEDIA
N 4 5
Restaurant
Se
ve
rity
Restaurant
MEDIAN
All States
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Range of Average Restaurant WC CA Only Indemnity Severities - 2011-13
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
1 2 3
MEDIA
N 4 5
Restaurant
Se
ve
rity Restaurant
MEDIAN
All States
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$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
2011 2012 2013
WC CA Only Pure Loss Rates for 2011-13 (Exposure: Number of Restaurants)
CA Only
All States
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$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Pe
r $
10
0
2011 2012 2013
WC CA Only Pure Loss Rates for 2011-13 (Exposure: Gross Payroll)
CA Only
All States
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0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Pe
rce
nta
ge
CA Only
All Sta
tes
Indemnity Percentages of Total Claims
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0.50
1.00
1.50
2.00
2.50
3.00F
req
ue
nc
y
Number of WC CA Only Claims Per Exposure
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0.00
0.50
1.00
1.50
2.00
2.50
2011 2012 2013
California Only Workers Compensation Loss Development
CA Only
All States
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