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Bridging the Gap: Integrating Legal and Insurance Considerations into Restaurant Cybersecurity Response

Modern Restaurant Management

Golden Corral's August 2023 network breach affected 183,000 current and former employees, with hackers accessing everything from Social Security numbers to health insurance details. Yet many restaurant operators remain underprepared when it comes to integrating legal and insurance considerations into their cybersecurity response plans.

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New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Businesses that benefited from PPP loans were required to meet the “necessity certification” requirement and consider alternative sources of liquidity, while also taking into account “affiliated” businesses, prior to submitting a loan application. The PPP’s Necessity Certification and Affiliation Rules.

Insurance 404
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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

The Small Business Administration (SBA) is a division of the United States federal government. This means the bank is partially "insured" in case somebody is unable to repay them. As such, SBA loans are generally favorable to restaurateurs. What is an SBA Loan? The SBA seeks to assist and support American entrepreneurs.

Document 393
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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Mandatory contributions such as FICA (Social Security and Medicare), unemployment taxes, state taxes, and other government-mandated taxes Employee benefits. Health insurance, retirement plans (401(k)), paid time off (PTO) (vacation, sick leave, holiday pay), workers compensation, and meal discounts Training and onboarding.

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Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

In recent months, they have been advising clients on issues ranging from Paycheck Protection Program (PPP) loans to reducing and rehiring employees to recovering losses from insurance companies and renegotiating leases. Selvin (insurance and business interruption) and Elliot N. Other members of the new practice include: Randy S.

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Employee Turnover is at an All-Time High: 5 Emerging Benefits Trends You Need to Know

Hot Schedules

health insurance and 401k plans), some creative thinking can create a work environment employees want to remain at without driving up expenses. Hilton recognizes the value of uptraining employees , offering skills training and professional certifications. Employee turnover greatly hampers throughput and cuts into available revenues.

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How to Streamline Human Resources and Payroll in the Restaurant Industry

Restaurant365

Federal and state governments have Workers’ Compensation programs that provide compensation to employees injured on the job. for employers with 50 or more full-time employees and self-insured employers of any size. ServSafe Certifications. Understanding Workers’ Compensation. Reporting is required. Conclusion.