article thumbnail

2022 Restaurant Insurance Update

Modern Restaurant Management

That’s up from $640 billion in 2020. Even with robust growth, the restaurant industry faces steep challenges right now, with labor shortages, higher inflation, challenges with home food and drink deliveries, and ongoing food and supply chain shortages. What are the big insurance issues impacting restaurants going forward?

Insurance 208
article thumbnail

2021 Restaurant Insurance Outlook

Modern Restaurant Management

restaurant industry has a loaded plate as 2021 picks up steam – especially from an insurance and financial protection point of view. “The prospects for fine dining and sit-down restaurants are going to remain strained for all of 2021,” said Doug Groves, founder at Program Insurance Group, in College Station, Tex.

Insurance 212
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

2021 Restaurant Insurance Outlook: Updated

Modern Restaurant Management

ahead of the February, 2020 pre-pandemic timeframe ($70.6 With restaurants clawing back and facing new challenges like vaccine credentials and new COVID variants, it’s a good time to check on an equally important, if less prioritized corner of the American dining and drinking sector – restaurant insurance. That’s 6.6%

Insurance 197
article thumbnail

How Business Insurance Could Save Your Restaurant from COVID-19

Modern Restaurant Management

In March 2020, restaurateurs across the country have had to shutter their businesses in some cases literally overnight. Some of our Washington and Oregon hospitality clients shut down early, while others waited for a government order; some shut down entirely, while some have tried to stay afloat by moving to to-go and delivery only.

Insurance 217
article thumbnail

Seven Public Policy Principles for Third-Party Delivery

Modern Restaurant Management

This marks the first time the restaurant industry and third-party delivery companies have come together to create guidelines and culminates a year-long effort by the Association to develop national policies based on the experiences of restaurant operators of all sizes.

Delivery 189
article thumbnail

July/August 2020 Legal Update

Modern Restaurant Management

Seventh Circuit Rules that Grubhub Delivery Drivers Must Arbitrate Wage Claims : On August 4, the Court of Appeals for the Seventh Circuit upheld an arbitration clause and held that Grubhub delivery drivers must arbitrate their claims that the company misclassified them as independent contractors. Legislation.

2020 164
article thumbnail

Best Food Delivery Services for Restaurants in 2020

Restaurant Clicks

Ordering food in is more popular than ever, and with food delivery apps , it’s easier than ever. The market is saturated with food delivery services that offer online ordering platforms and delivery right to your door, with abundant restaurants available online. Choosing a restaurant delivery service can be difficult however.