Modern Restaurant Management

MARCH 20, 2020

Property Insurance + Business Interruption Insurance. Property insurance covers the replacement or repair of your business’s damaged physical property. Policies vary depending on the type of event leading to a loss and what, specifically, is insured. Business interruption starts where property insurance leaves off.

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Insurance Download Small Business Advertising 147

Modern Restaurant Management

JULY 16, 2021

In this environment, smart and strategic risk management has never been more important. Various risks may complicate the restaurant industry’s continuing recovery – how well they are anticipated and managed will make a difference. Pandemic Pivots Still in Play. Risks to Look Out For. As the co-owner of two Asheville, N.C.

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Management Management Insurance Kitchen Safety 186

The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. One example is our restaurant remote management service.

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Modern Restaurant Management

JULY 15, 2022

The most important thing new owners should know about insurance coverage is that it’s a vital part of running their business. However, having proper insurance coverage is a huge part of protecting the business, and the ownership, in the case of an accident or incident. Getting insurance coverage is not just a box to check.

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Insurance Restaurant Law Hospitality Education 174

Modern Restaurant Management

JUNE 23, 2021

But now as the cloud of COVID is starting to lift and things are going back to normal, it’s important to assess whether those things are actually covered on a restaurateur’s insurance plan. Reviewing current sales can help restaurant owners better reflect numbers to date, which can save them some money on their insurance.

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Hot Schedules

MARCH 15, 2021

Health Insurance Requirements for Small & Medium Businesses. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. According to the Kaiser Family Foundation , only 30 percent of US businesses with fewer than 50 employees provide health insurance to their workers. In short, no.

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Modern Restaurant Management

MARCH 31, 2020

For that reason, restaurant and business owners typically carry business income coverage, also referred to as business interruption coverage, which is insurance coverage intended to replace lost income in the event business is halted or interrupted for some reason, such as a natural disaster.

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Insurance Government Employee Relations Small Business 108

Modern Restaurant Management

APRIL 21, 2020

In addition, most restaurants should have business interruption insurance, and that insurance may provide some relief from economic pain. Business interruption insurance covers the loss of income that a business suffers after a disaster. Gather Your Complete Insurance Policy. ” That’s just not true.

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Modern Restaurant Management

NOVEMBER 4, 2019

Between obsessing over food and finances, one key consideration shouldn’t fall through the cracks—restaurant insurance. Having trouble deciding what kind of insurance your restaurant needs? What is Restaurant Insurance? Why Do You Need Restaurant Insurance? What Does Restaurant Insurance cover?

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Insurance Food Truck Fine Dining Small Business 132

Modern Restaurant Management

JUNE 9, 2021

So as a restaurant owner or food service manager, how can you best minimize workers comp liability to allow summer 2021 to be the successful reopening of the economy that we are all ready for? First, we advise restaurant owners and managers to conduct research at the state and federal level to understand the rules that apply in their state.

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Modern Restaurant Management

JUNE 6, 2023

Be sure all your employees, from wait staff to managers to chefs, have been certified in food safety. Gain buy-in for the plan from the management team. This means including the CEO and the managers in safety training and ensuring they understand what’s at stake. Train your staff.

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Food Safety Management Management Kitchen Safety 162

Restaurant Engine

JULY 5, 2020

Most insurance companies have denied claims from restaurant owners resulting from the COVID-19 pandemic. Business owners counterclaim they are entitled to benefits in Business Interruption Insurance policies that protect against lost income after a covered peril affects a policyowner. A third victory arrived when the U.S. ” .

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Insurance Events Small Business Government 122

Society Insurance

OCTOBER 26, 2022

Odds are you understand why your auto insurance premium changes: as you age and become a less risky driver, your insurer is exposed to less risk, and your rates drop as a result. Below, we’ll explore some common drivers of restaurant insurance costs. Reinsurance, to put it simply, is insurance for insurers.

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Insurance Supplies 2021 Pricing 52

Modern Restaurant Management

MAY 1, 2023

That's why it's essential for restaurants to consider cyber liability insurance. Protecting your Restaurant with Cyber Liability Insurance Cyber liability insurance is a type of insurance that helps protect businesses from the financial losses associated with cyber attacks.

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Insurance Email Marketing Employee Relations Customer Experience 196

Hospitality Insurance Group

JANUARY 6, 2021

Hospitality Insurance Group is launching a new program that will give bars, restaurants, and any other eligible liquor liability policyholders more flexibility in how they pay their insurance premiums. said Sandra Haley, Senior Vice President of Underwriting and Marketing at Hospitality Insurance Group.

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Insurance Hospitality Cash Management Bar 114

Modern Restaurant Management

NOVEMBER 8, 2022

An increase in these injuries could result in higher insurance rates in the long term; in the short term, they disrupt your ability to operate at peak capacity and could negatively impact the morale of all employees. There are several reasons why new employees may be incurring more injuries: Poor hiring choices.

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Modern Restaurant Management

MARCH 5, 2024

Safety training and creating a culture of safety are both critical for mitigating these risks, helping restaurants establish environments that protect staff and customers, which also goes a long way toward keeping insurance premiums low and protecting the bottom line. Encourage Managers to Lead by Example Safety starts at the top.

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Training Food Safety Employee Relations Insurance 164

Modern Restaurant Management

DECEMBER 27, 2023

Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. Those restaurant organizations that closely monitor and manage such existing and emerging risks will be best positioned to ride out the turbulence. Here’s an overview. No surprises.

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2024 Insurance Recruiting Restaurant Law 114

Modern Restaurant Management

OCTOBER 16, 2020

As the surviving restaurants reopen and attempt to regain solid financial footing, many will look to their business insurance policies to try to recoup the income they lost. The virus or bacteria exclusion is a common exclusion added by many insurers after the global SARS outbreak in 2006. In Henry’s Louisiana Grill, Inc.

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Modern Restaurant Management

AUGUST 10, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings.

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Management Management Cash Management Healthcare 178

Restaurant365

OCTOBER 15, 2021

However, store managers can optimize labor costs if they have access to the right data. With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Total labor cost. Salaried Employees.

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Modern Restaurant Management

MARCH 9, 2023

Society Insurance, which provides coverage to the hospitality industry, has put together four tips on how restaurants and bars can help create a safer environment on St. Failure to manage the commercial sale of alcohol could threaten the success of a business due to increased liability exposure, both criminal and civil. Take a buddy).

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Bar Insurance Restaurant Law Point of Sale 176

Modern Restaurant Management

NOVEMBER 11, 2019

It is important for restaurant, tavern and bar owners to have the right insurance, however, there are so many different types of policies, and even when you zero in on what is needed, the options are often complex and difficult to compare. A non-admitted insurance company has not been approved by the state’s insurance department.

Insurance 104

Insurance Bar License Entertainment 104

Sling

MAY 14, 2022

Employee value proposition defined Elements of an effective employee value proposition Tips for creating a compelling employee value proposition Build value with strong team management. Employee benefits include extras such as: Paid time off Health insurance Retirement funds Parental leave. Build value with strong team management.

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Management Management Employee Relations Insurance 78

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. Promotes proactive decision-making Restaurant owners and managers must adapt quickly to be successful and retain their competitive advantage.

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Modern Restaurant Management

MAY 29, 2020

In what has been a closely watched case, a court in France recently ruled that France’s largest insurer must pay on a claim brought by a restaurant forced to shut down due to the COVID-19 outbreak. Many insurance companies, however, have already begun to signal their intent to deny pandemic-related claims.

Insurance 102

Insurance Ordering Employee Relations Restaurant Law 102

Sling

DECEMBER 3, 2021

You can’t manage what you don’t measure. In this article, the management experts at Sling answer your questions and tell you everything you need to know to optimize labor costs, stay on budget, and manage your business better. In some states, the employees themselves purchase this type of insurance through a private carrier.

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Management Management Tip Distribution Employee Relations 146

Modern Restaurant Management

JUNE 14, 2022

Then we’ll review the best strategies for plan cost management. Self-insurance is not for every employer, and the components must be properly constructed to generate savings and simultaneously, manage risks. Stop loss coverage : A self-insured plan will need protection from high-cost claims, i.e., stop loss insurance.

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Insurance 2022 2023 Article 158

Modern Restaurant Management

JUNE 14, 2024

Team members are seeking more of the benefits typically associated with 9-5 jobs, like health insurance, paid sick days, vacation and retirement accounts. Costantino, Senior Content Marketing Manager and Host of The Pre-Shift Podcast at 7shifts, told Modern Restaurant Management magazine.

Insurance 98

Insurance Magazine Training Operations 98

Sling

MAY 22, 2020

Employee turnover is an invisible issue that most managers tend to neglect. But if you want your business to succeed, you need to understand employee turnover and be able to manage it for the better. How To Manage Employee Turnover. The post Employee Turnover Explained: What It Is And How To Manage It appeared first on Sling.

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Management Management Employee Relations Insurance 144

Sling

AUGUST 17, 2020

In this article, the workforce management experts at Sling introduce you to this unique employee classification and give you tips for managing them in your business. Insurance Salesperson. Statutory Employee Management Tips. Statutory Employee Definition. Home Worker. A home worker (a.k.a. 1) Talk To A Tax Professional.

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Definition Management Management Tip Distribution 78

Society Insurance

JANUARY 4, 2023

Society Insurance is committed to providing weekly blog posts to help business owners optimize daily operations and minimize risk. How to Avoid Time Management Mistakes. Leadership Tips For Non-Management. The post 2022 Year in Review appeared first on Society Insurance. Top 10 Most Popular Posts of 2022.

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2022 Insurance Leadership Social Media 98

Modern Restaurant Management

NOVEMBER 16, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Stop Loss Coverage Is Risk Management. On a basic level, stop loss insurance provides protection against catastrophic or unpredictable losses. a lower deductible).

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Insurance Cash Management Healthcare Innovation 188

The Food Corridor

SEPTEMBER 14, 2020

The way to mitigate the risk is to take out a robust insurance policy. However, anyone who’s dealt with an insurance broker probably knows how painful this experience can be. An insurance company’s job is to calculate risk and figure out how much to charge you based on the risk level of your business.

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Insurance Food Truck Food Catering 52

Modern Restaurant Management

JULY 28, 2020

Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. ” Get to Know PPP Loan Insurance. To obtain PPP loan insurance, applicants must submit: Analysis of how the affiliation rules apply to the business.

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Insurance Certification Audits Small Business 127

Modern Restaurant Management

DECEMBER 21, 2023

Each year, Modern Restaurant Management (MRM) magazine asks experts for their views on the state of the industry. Managers are seeking out technology that reduces staff participation in “non-value activities” so staff can focus more seamlessly on the guest experience and truly provide their unique brand of hospitality.

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2023 2024 Insurance Employee Relations 120

Modern Restaurant Management

NOVEMBER 17, 2023

Liquor Liability Insurance protects a small business that manufactures, sells or serves alcohol. Without Liquor Liability Insurance, owners of restaurants that serve alcohol could end up footing the bill for damages made by a drunk customer. Promote ridesharing apps as a convenient way for patrons to get to and from your bar.

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Insurance Restaurant Law License Small Business 195