Modern Restaurant Management

MARCH 10, 2022

Many restaurants turned to their insurance policies to provide protection for revenue reimbursement, (i.e., insurance proceeds for loss of revenue), but found the majority of insurance policies, unfortunately, did not / do not provide the coverage they anticipated. How Insurance Policies React.

Insurance 170

Insurance Food Safety Employee Relations Front of House 170

Modern Restaurant Management

JULY 14, 2023

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy? These are often excluded from standard policies and be potentially costly.

Insurance 88

Insurance Food Safety Employee Relations Small Business 88

Modern Restaurant Management

JULY 11, 2023

Restaurant ownersmust understand their insurance needs to protect their investment. The impact of the pandemic on restaurant insurance and how restaurants have had to adapt their coverage to changing operations.

Insurance 68

Insurance Operations Management Management 68

Modern Restaurant Management

MARCH 31, 2020

Restaurant and business owners should always be prepared in the event of loss or damage to normal business operations. Navigating these policies and their intricacies is a daunting task, even for some experts in the insurance industry.

Insurance 111

Insurance Government Employee Relations Small Business 111

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?

Insurance 141

Insurance Food Truck Fine Dining Small Business 141

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.

Insurance 177

Insurance Restaurant Law Hospitality Education 177

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.

Insurance 208

Insurance Government Document Restaurant Law 208

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. ” .

Insurance 122

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.

Insurance 52

Insurance Supplies 2021 Pricing 52

Food Business

SEPTEMBER 23, 2022

It's an insurance policy that truly gives back. Like any good tool is remains good when you maintain it, and that may mean calling a HVAC company to set up a quarterly cleaning and maintainance plan; and a restaurant equipment company to set up a quarterly cleaning and maintainance plan. Consider a quarterly plan.

Operations 130

Operations Insurance Equipment 130

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.

Insurance 125

Insurance Serving 2006 Sustainability 125

The Restaurant Times

SEPTEMBER 19, 2021

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

Food Truck 52

Food Truck Insurance Food Transportation 52

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 115

Insurance Bar License Entertainment 115

Modern Restaurant Management

DECEMBER 7, 2021

Despite external pressures on talent, ample opportunity exists for restaurant operators to prepare for a year of constant change. With 2021 nearly wrapped up, restaurant operators across the country are looking to the New Year with cautious optimism. For leaders in the restaurant and hospitality industry, now is the time to adapt.

2022 193

2022 Operations Recruiting Hiring 193

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. Chang’s won PPP exemptions to bridge their operations until they open their doors open once again. ” Get to Know PPP Loan Insurance.

Insurance 148

Insurance Certification Audits Small Business 148

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 108

Insurance Ordering Employee Relations Restaurant Law 108

Sling

JUNE 9, 2023

However, to paint more of a picture of your business, we’re going to address both restaurant costs and expenses (and refer to them as “costs”) that your business aquires in order to operate efficiently. It includes things like electricity, mortgage payments, natural gas, insurance, and supplies.

Operations 78

Operations Inventory Food Supply Point of Sale 78

7 Shifts

MAY 23, 2024

Prime Cost: This represents your restaurant's largest expenses Controllable Income: Measures how much profit you have left over after deducting controllable expenses like COGS, labor, and direct operating expenses from your sales Operating Expenses: Costs incurred in the daily operations of your restaurant What are the top 3 expenses of restaurants?

Point of Sale 222

Point of Sale Seasonal Menu Food Supply Cash Management 222

Perfect Daily Grind

NOVEMBER 13, 2022

And for those who are members of coffee co-operatives – can higher prices help them to gain more access to resources and different markets? Read on to learn what they had to say about how rising coffee prices are affecting co-operatives. How do coffee co-operatives work? To find out, I spoke with three coffee professionals.

Pricing 155

Pricing Operations 2022 Insurance 155

Modern Restaurant Management

MARCH 5, 2024

Data from the National Restaurant Association’s 2023 State of the Restaurant Industry report revealed that nearly three in four operators were focused on sustaining growth. Things began to change for the restaurant industry in 2023 as the script flipped from cutbacks to a growth mindset.

Training 167

Training Food Safety Employee Relations Insurance 167

Modern Restaurant Management

JANUARY 2, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. The artistry of chefs and the creativity of restaurateurs will continue to be at the forefront, while these tools become operational enhancers.

2024 193

2024 Fast Casual Insurance Food Safety 193

Modern Restaurant Management

MAY 1, 2023

Cybercriminals are increasingly targeting restaurants, seeking to steal sensitive customer data and disrupt business operations. That's why it's essential for restaurants to consider cyber liability insurance. With cyber liability insurance, the costs of hiring attorneys and other legal expenses can be covered.

Insurance 199

Insurance Email Marketing Employee Relations Customer Experience 199

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. Security and floor staff see what is happening throughout the operation. Implement comprehensive standard operating procedures and policies.

Bar 178

Bar Insurance Restaurant Law Point of Sale 178

Modern Restaurant Management

JUNE 14, 2022

Double digit rate increases for the next few years, coupled with increased labor and materials cost could mean difficult navigation for many operators. Many operators simply accepted these cost increases for 2022 due to the ongoing labor shortage, and the compliance requirements never came up for discussion.

Insurance 176

Insurance 2022 2023 Article 176

Modern Restaurant Management

NOVEMBER 14, 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 bar insurance costs. Reinsurance, to put it simply, is insurance for insurers.

Insurance 198

Insurance Supplies Events 2020 198

Modern Restaurant Management

SEPTEMBER 6, 2022

Ahead of this year’s football season, the team at Society Insurance has put together the top four tips on how a restaurant and/or bar can protect themselves, their patrons and their employees as well as create a safer environment for football season and beyond. Security and floor staff see what is happening throughout the operation.

Bar 178

Bar Insurance Restaurant Law Point of Sale 178

Modern Restaurant Management

MARCH 13, 2024

To revitalize the workforce and enhance operational efficiency, it is imperative that we boldly explore innovative solutions across reskilling, retention, and robotics. Understanding the Drought The labor shortage has hit hard, with many restaurants operating below capacity despite a rebound in customer demand.

Loyalty Program 192

Loyalty Program Customer Service Customer Experience 2024 192

Modern Restaurant Management

DECEMBER 23, 2021

Ahead of New Year’s Eve celebrations, Society Insurance, which provides coverage to the hospitality industry, has put together the top four tips on how a restaurant can protect themselves, their patrons and their employees as well as create a safer environment on Dec. Implement comprehensive standard operating procedures and policies.

Insurance 209

Insurance Restaurant Law Point of Sale Training 209

Modern Restaurant Management

DECEMBER 27, 2023

Stubbornly high interest rates also keep operators squeezed by the cost of money, both long-term debt and revolving credit lines. Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. One of the impacts will be on employment practices liability insurance in 2024.

2024 114

2024 Insurance Recruiting Restaurant Law 114

Modern Restaurant Management

DECEMBER 21, 2023

These changes were instrumental in enhancing operational efficiency and customer convenience, reflecting a broader industry shift towards tech-driven experiences. Increased operational efficiency and improved customer satisfaction can contribute significantly to the return on investment. Why such a “hard” insurance market?

2023 120

2023 2024 Insurance Employee Relations 120

7 Shifts

JUNE 23, 2020

Auto insurance. Get car insurance You must establish who is liable in the event of an accident. Drivers must have auto insurance in order to drive their vehicles, thus you must lay-out in the contract if you will be paying for any damages while on the job. Auto is in quality shape. Valid driver's license. Clean driving record.

FOH 370

FOH Delivery Insurance Back of House 370

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.

Insurance 199

Insurance Restaurant Law License Small Business 199

The Food Corridor

SEPTEMBER 14, 2020

For foodservice vendors, food truck operators, manufacturers, market traders, chefs, and caterers who use shared-kitchen facilities, there’s a constant nagging worry that something will go wrong. The way to mitigate the risk is to take out a robust insurance policy. In a year like 2020, you never know what’s around the corner.

Insurance 52

Insurance Food Truck Food Catering 52

Modern Restaurant Management

NOVEMBER 16, 2023

Lack of health insurance isn’t considered one of the major reasons the hospitality industry has, according to the U.S. One of the major ways to invest in employees is through health insurance, something only about 30 percent of restaurants provide. Bureau of Labor Statistics, a churn rate north of 70 percent.

Insurance 120

Insurance Employee Relations Reference Small Business 120

Modern Restaurant Management

AUGUST 31, 2021

With the laundry list of everything bar and restaurant owners need to handle on a daily basis, proper insurance coverage should be top priority. Proper communication with the insurance agent about all the ins and outs of the restaurant can help set up the policy right from the get-go.

Bar 187

Bar Insurance Employee Relations Certification 187

7 Shifts

MAY 18, 2023

Every department and all the operations around those departments need to work together seamlessly to ensure the smooth running of the business. Employees are typically subject to more oversight and are entitled to benefits like minimum wage, overtime pay, and workers' compensation insurance.

Restaurant Law 195

Restaurant Law Insurance Audits Cash Management 195

Modern Restaurant Management

JULY 16, 2021

The carryout-only brand of It’s Just Wings, operating out of Chili’s kitchens. In this changing environment, the right and adequate amount of insurance protection has never been more important. These virtual brands have allowed restaurants to hone in on hot niche trends (anything chicken related, typically) with consumers.

Management 186

Management Management Insurance Kitchen Safety 186