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2022 Restaurant Insurance Update

Modern Restaurant Management

That’s up from $640 billion in 2020. With change in restaurant management so dynamic, industry experts say that now is a good time to review and even revamp restaurant insurance policies. What are the big insurance issues impacting restaurants going forward? Food Delivery Issues.

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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.

Insurance 209
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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%

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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. In addition, most restaurants should have business interruption insurance, and that insurance may provide some relief from economic pain. ” That’s just not true. ” That’s just not true.

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September/October 2020 and Elections Legal Update

Modern Restaurant Management

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. The supplemental paid sick leave benefit expires on December 31, 2020. Election Results. Litigation. of the outstanding quota. Legislation.

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6 FACTORS THAT CAN DRIVE UP INSURANCE COSTS FOR RESTAURANTS

Society Insurance

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. In 2020 alone, weather and climate-related disaster events across the U.S.

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Restaurant Owners Win Business Interruption Insurance Claims

Restaurant Engine

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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