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2021 Restaurant Insurance Outlook: Updated

Modern Restaurant Management

restaurant sales experienced a “healthy” increase in total sales in July, 2021, according to Restaurant.org. billion in June, 2021, the organization estimated. hard with many having to shut their doors altogether,” said Julia Howell, product marketing manager for NEXT Insurance. restaurant scene.

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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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2022 Restaurant Insurance Update

Modern Restaurant Management

With change in restaurant management so dynamic, industry experts say that now is a good time to review and even revamp restaurant insurance policies. “Along with making changes to their menu offerings and business models, many restaurateurs are also reassessing their insurance needs.” Food Delivery Issues.

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Pandemic Pivots Don’t Offset Restaurants’ Need to Manage Looming Risks

Modern Restaurant Management

In this environment, smart and strategic risk management has never been more important. For the 12 months ended March 31, 2021, their pace of digital orders was up by 207 percent, versus 98 percentthrough direct restaurant ordering. One, of course, is the need for enough people to manage the crowds now that their doors have reopened.

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2021: A Year of Navigating Shortages

Modern Restaurant Management

To help operators move forward, let’s take a look at some of the challenges the industry has experienced in 2021 and how they can come out on top in 2022 and beyond. These include sign-on bonuses, higher wages and the offering of health insurance. Labor Shortages. Food Shortage. Equipment Shortage.

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How Restaurant Owners and Managers Can Reduce Workers’ Comp Liability Around the COVID-19 Vaccine

Modern Restaurant Management

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? Then, identify the approach that best protects employees as part of your business’s reopening plan.

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What Is the SUTA Tax and Why Is It Going Up in 2021?

Hot Schedules

What Is the SUTA Tax & Why Is It Going Up in 2021? I t’s probably fair to say that most entrepreneurs didn’t give much thought to the complexities around payroll management and taxes before starting a business and hiring employees. SUTA rate increases in 2021. Unemployment claims in 2020 skyrocketed due to Covid-19.

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