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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.

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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. All of them have asked us for help in saving their businesses and helping their employees. Business interruption insurance covers the loss of income that a business suffers after a disaster.

Insurance 542
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July/August 2020 Legal Update

Modern Restaurant Management

DC Circuit Upholds NLRB Actions Against Tyson Subsidiary : On July 24, the Court of Appeals for the District of Columbia agreed with the National Labor Relations Board that AdvancePierre Foods, Inc, a wholly owned subsidiary of Tyson Foods, committed unfair labor practices regarding the unionization of employees. Legislation.

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What’s Next with Paycheck Protection Program (PPP) for Restaurants?

Modern Restaurant Management

The Small Business Administration (SBA) and US Treasury department’s PPP loan forgiveness application was released on May 15, 2020 ( Forgiveness Application ). The much-awaited guidance does little to address the unique challenges afflicting the restaurant industry. Covered Period. Reductions in Average Full-Time Equivalency.

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National Restaurant Association: We Need Help!

Modern Restaurant Management

” The Association proposed three separate categories of protection for industry restaurants and employees: directed/targeted financial relief; loans/insurance options for impacted small businesses; and tax measures. Loans/Insurance Options for Impacted Small Businesses.

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Damage Control: How Recent Changes to the FLSA and NLRA May Affect Your Status as a Joint Employer

Modern Restaurant Management

In January 2020, the United States Department of Labor (USDL) announced a final ruling which updates the interpretation of “joint employer” status under the Fair Labor Standards Act (FLSA) effective March 16, 2020. Supervision/control over the employee’s work and schedule. What did the USDL change?

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Unique Challenges and Considerations for Restaurants As They Reopen Their Doors

Modern Restaurant Management

If you are one of the businesses that has been lucky enough to receive a small business loan through the Coronavirus Aid, Relief, and Economic Security (CARES) Act (or otherwise have been able to secure alternate financial backing), you may have been able to retain many of your employees and maintain business continuity in the interim. [1].