Society Insurance

MARCH 4, 2025

Society Insurance has spent 110 years helping protect businesses and has seen firsthand how nuclear verdicts have evolved in the U.S. Between 2013 and 2022, California, Georgia, Florida, Illinois, New York, and Texas accounted for 61% of such verdicts in the country. Recent data shows that U.S. juries awarded more than $14.5

Insurance

EATER

FEBRUARY 4, 2025

Getty Images Bird flu outbreaks have caused egg prices to rise, forcing some restaurants either adapt recipes or raise menu prices Toward the end of 2024, James Wong of the San Francisco bakery Breadbelly was already mentally preparing for his egg prices to go up: They also spiked at the end of 2022 and 2023 , due to nationwide bird flu outbreaks.

Food Supply

Modern Restaurant Management

MARCH 12, 2025

Society Insurance has spent 110 years helping protect businesses and has seen firsthand how nuclear verdicts have evolved in the U.S. Between 2013 and 2022, California, Georgia, Florida, Illinois, New York, and Texas accounted for 61 percent of such verdicts in the country. Recent data shows that U.S. juries awarded more than $14.5

Food Safety

Modern Restaurant Management

MAY 16, 2022

According to the National Restaurant Association , the dining industry should generate $899 billion in revenues in 2022. With change in restaurant management so dynamic, industry experts say that now is a good time to review and even revamp restaurant insurance policies. That’s up from $640 billion in 2020. Food Delivery Issues.

Insurance

Modern Restaurant Management

MAY 7, 2025

Although 2024 had fewer hailstorms, severe hail increased by 21 percent compared to 2022, and nearly every corner of the country is affected. Missouri saw the most significant increase in major hail events in the country, a 182-percent rise between 2022 and 2024.) This can be hazardous to you, your employees, patrons and the building.

Insurance

Modern Restaurant Management

DECEMBER 16, 2021

Restaurant operators once again find themselves refocusing priorities and altering their plans for 2022. Here are some trends NCR is watching as move into 2022. Tackle the Labor Shortage with Hiring Incentives. Use Data and AI to Reach Out and Touch Your Customers. Hold the pickles but double-up on mayo. Gluten-free buns, please.

2022

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

Modern Restaurant Management

MAY 18, 2022

percent in 2022, down from 7.0%. In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent In 2021, the difference was 0 percent and for 2022, it is forecast to be only 3.4 Consider these factors: According to PwC, medical trend is forecast to be 6.6 percent rate of increase.

Insurance

Modern Restaurant Management

NOVEMBER 16, 2022

Restaurants are still suffering from a labor shortage – according to the National Restaurant Association , as of September 2022 “eating and drinking places [were] still 560,000 jobs (or 4.5%) below their pre-pandemic staffing levels – tops among all U.S. industries.”

Retail

Modern Restaurant Management

APRIL 13, 2022

Additionally, many restaurants are expanding to include traditional benefits such as health insurance and retirement savings plans. Now that the industry has come to understand the new struggles the pandemic has caused, many are using 2022 to transition into adopting new technology that will future-proof their business.

POS

Modern Restaurant Management

JUNE 14, 2022

We warned that medical trend (the rate of increase in medical plans) would be increasing in 2022 and in 2023. While the existing studies indicate similar trend rates for 2022 and 2023, as mentioned above, there is growing evidence that the general inflation rate will drive even higher than forecasted medical costs.

Insurance

Modern Restaurant Management

NOVEMBER 24, 2021

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.

2021

Modern Restaurant Management

JANUARY 28, 2020

restaurant delivery revenues are expected to reach nearly $80 Billion by 2022 and digital ordering and delivery has grown 300 percent faster than dine-in traffic since 2014. If you’re wondering whether delivery is good for your concept, the short answer is yes. Projected U.S. Need more proof?

Delivery

Society Insurance

JANUARY 4, 2023

Society Insurance is committed to providing weekly blog posts to help business owners optimize daily operations and minimize risk. Top 10 Most Popular Posts of 2022. Top 10 Most Popular Posts of 2022. The post 2022 Year in Review appeared first on Society Insurance. Safety Tips for Working in the Heat.

2022

EATER

AUGUST 24, 2022

In a letter workers were given about an hour after they clocked in that day , Amy’s Kitchen announced that employees would be “relieved of their duties” effective July 19, the following day, and that the plant would close on September 16, 2022. Once a worker receives 15 points, they are fired,” reports NBC.

Kitchen Safety

Modern Restaurant Management

MARCH 31, 2022

Insurance Coverage for COVID Claims Largely Rejected by Appellate Courts : Throughout the country, appellate courts are reviewing insurance coverage lawsuits brought by restaurants who were forced to close due to COVID-19 pandemic shutdown orders. Oregon Mutual Insurance Co., Litigation.

2022

EATER

AUGUST 16, 2023

At the end of 2022, I shut down Proteau, the nonalcoholic drinks company I started. My COO stayed on, unpaid but on the company’s health insurance plan for another year, while we had to let the brand ambassador go in the middle of the summer of 2020. I never secured additional funding. It’s easy to characterize this as a failure.

Point of Sale

7 Shifts

SEPTEMBER 19, 2022

For restaurant employees added in the past year (August 2021-August 2022), the average employee tenure is just 110 days —a little over three months. This data study analyzes trends and data from August 2021 to August 2022, over 635,000 restaurant employees in the United States. Pet insurance. Offer tailored, valuable benefits.

Front of House

Hot Schedules

MARCH 31, 2020

Businesses may defer payment of employer payroll taxes imposed between the enactment of this law and December 31, 2020 , with half of the deferred taxes due by December 31, 2021 and the rest due by December 31, 2022. Impact on Unemployment Insurance. Click here for details and analysis prepared by Steptoe & Johnson.

Website Management

7 Shifts

NOVEMBER 18, 2022

FICA, or the Federal Insurance Contributions Act , refers to the Social Security and Medicare taxes deducted from each paycheck. As of 2022, 43 states plus the District of Columbia and Puerto Rico allow tip credits. FICA Tip Tax Credit for Employers. What is the FICA tip credit? This also includes service charges or automatic gratuity.

Cash Management

Touch Bistro

AUGUST 11, 2021

Planned increase on January 1, 2022. Planned increase on January 1, 2022. hour for businesses with 26 or more employees on January 1, 2022. Planned increase on January 1, 2022. hour on July 1, 2022 and $15.00/hour Planned increase on January 1, 2022. Planned increase on January 1, 2022. Alaska: $10.34/hour.

2021

The Restaurant Group

SEPTEMBER 16, 2020

The COVID-19 restaurant trends seen now will likely continue well into 2021 and perhaps even 2022. Whatever the reason, likely a combination of these, it is unlikely that this shift will reverse before 2022. Now more than ever, health insurance is essential to employees’ wellbeing. Restaurant Industry Trends.

Online Ordering

The Restaurant Times

AUGUST 5, 2022

But how can you retain employees, and if you can’t retain them, how do you hire new ones in 2022? Additionally, many fast-food employees quit their jobs because they lack perks like paid sick time or health insurance. The post How To Hire And Retain Restaurant Staff In 2022 appeared first on The Restaurant Times.

Hiring

7 Shifts

SEPTEMBER 16, 2024

Check your restaurant’s business licenses, permits, and insurance policies to confirm they’re current and in good standing. In Q2 of 2024, revenue for restaurants fell by 9%, marking the first decline since Q4 of 2022. Make sure your food service licenses, liquor licenses, and health permits are all valid as well.

2024

Modern Restaurant Management

SEPTEMBER 27, 2024

Korean Ramen : Ramen exploded in popularity in 2023 after gaining popularity on TikTok, with one leading brand rising from less than 1 percent of retail ramen sales in 2022 to over 4 percent in 2024. National food truck insurance provider FLIP recently released results from a national survey of food truck operators about key menu trends.

Food Truck

Modern Restaurant Management

JUNE 28, 2024

car finance, fuel, insurance, etc.) (22 In early 2024, Starbucks visitors were more likely to proceed to their workplace following a coffee stop than in 2022 or 2023. The study also found that eating out is a top spending priority (outside of rent/mortgage and household bills) for one-in-five Gen Z (21 percent). Social activities (e.g.,

2024

Modern Restaurant Management

MARCH 11, 2020

GFCO companies will have until 2022 to completely adopt the new mark on packaging. And because they’re online orders, we’re already cutting costs on labour, rent, insurance etc. This is a big opportunity that is controversial due to commissions, but automation takes every expense away but the food itself.

Bar

Open for Business

MARCH 1, 2023

The average hourly rate for US restaurant workers increased by 20% between 2020 and 2022 , rising from $16.65 In Nevada, starting in July 2023, the minimum wage will depend on whether or not an employee receives or is offered qualifying health insurance. Rising wages reflect this pressure.

2023

Apicbase

AUGUST 17, 2022

Between 2022 and 2029, the market will grow more than twice its size (reaching heights of 320 billion ). Get Cybersecurity Insurance. As a restaurant, you’ve probably already spent lots of money on insurance. Insurance can help you to reconstruct lost information, as well as cover any legal fees.

Email Marketing

The Restaurant Times

JANUARY 11, 2023

According to National Restaurant Association statistics, the US boasts of around one million restaurant locations with nearly 15 million working employees, all set to generate sales worth $898 billion in 2022. . You will also need insurance and must maintain certain standards to pass regular health inspections.

License

Modern Restaurant Management

OCTOBER 3, 2024

Society Insurance has been working alongside business owners for more than a century, seeing first-hand the devastating effects a fire can have on the establishments that make communities great. In 2022 , local fire departments responded to an estimated 1.5 million fires in the U.S.

2024

Modern Restaurant Management

SEPTEMBER 10, 2024

This is where compulsory liquor liability insurance becomes critical, as it protects businesses that serve, sell, supply, or distribute alcohol. However, relying solely on liquor liability insurance may leave businesses exposed to costly risks. A compelling example is Palmetto Brothers Dispensary in Laurens, South Carolina.

Serving

Modern Restaurant Management

DECEMBER 21, 2023

Research from 2022 found that 60 percent of employees wanted access to wages daily. – Justin Price, Vice President, Business Development, ScanSource POS & Payments Today's insurance market is the toughest in my career. Why such a “hard” insurance market? That may not be true.

2023

Modern Restaurant Management

DECEMBER 7, 2021

As operators prepare for the months ahead, four trends, in particular, are likely to emerge in 2022. No longer will it be sufficient to simply offer benefits like paid leave, childcare assistance, and health, dental and vision insurance. The second trend is the increased impact of technology in both employee and patron experiences.

2022

Perfect Daily Grind

NOVEMBER 18, 2022

points at 2022 Cup of Excellence Brazil. The auction will take place on 1 December 2022. Oatly reports 7% revenue increase in 2022 Q3 despite growth being “below expectations” The oat milk manufacturer downgraded its full-year 2022 revenue forecast by US $100 million. in October 2022. in the same month.

2022

7 Shifts

DECEMBER 13, 2021

What Will Make Restaurant Employees Happier in 2022? As evidenced by our 2019 employee survey , a lot of what employees want in 2022 has been brewing for a while. What Will Make Restaurant Employees Happier in 2022? We are looking for] Paid time off, health insurance, and living wages.”. Employees Are Leaving. Appendices.

Employee Relations

EATER

MAY 24, 2022

pic.twitter.com/VCDpfOgYro — Roy Wood Jr- Ex Jedi (@roywoodjr) May 23, 2022. pic.twitter.com/T8PMvuugqA — Dr. Haddassah's black table (@DreazyBK) May 23, 2022. In January 2022, Walmart halved PTO for employees who test positive for COVID. Part-time hourly workers do not receive any paid maternity leave.

Retail