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2022 Restaurant Insurance Update

Modern Restaurant Management

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.

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Prepared to Win the War on Talent? Four Trends for Restaurant Operators to Consider in 2022

Modern Restaurant Management

Despite external pressures on talent, ample opportunity exists for restaurant operators to prepare for a year of constant change. With 2021 nearly wrapped up, restaurant operators across the country are looking to the New Year with cautious optimism. For leaders in the restaurant and hospitality industry, now is the time to adapt.

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An Insider’s Advice About Restaurant Insurance: Six Ways to Reduce Your Costs

Modern Restaurant Management

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.

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2022 Year in Review

Society Insurance

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.

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NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

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. While sales are trending higher, the National Restaurant Association reports three in four operators say recruitment and retention is their toughest challenge.

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Restaurants Aren’t Raising Employee Medical Premiums, But Costs Are Going Up

Modern Restaurant Management

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.

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How do increases in the price of coffee affect co-operatives?

Perfect Daily Grind

From early 2021 through until mid-2022, coffee prices increased steadily – with arabica futures reaching a ten-year high of US 258.95 cents/lb in February 2022. And for those who are members of coffee co-operatives – can higher prices help them to gain more access to resources and different markets?

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