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Staying on Top of FDD Requirements for Risk and Insurance

Modern Restaurant Management

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. What may be overlooked within it are risk and insurance issues. Risk and insurance should be top on the list.

Insurance 100
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Mental Health Month and The State of Restaurants

Modern Restaurant Management

Society Insurance, which provides coverage to the hospitality industry, wants to share resources restaurants should be leveraging and implementing, such as creating an Employee Assistance Program as well as educating workers (and yourself!) They can also help employees manage overall stress levels, regardless of life circumstances.

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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 161
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How to Deal with Legal Regulations Affecting Your New Restaurant

Open for Business

Here, we’ll discuss 10 best practices to help you obtain everything you need to open your restaurant legally from the get-go, and then we’ll map out a case study to show you the licenses, permits, certificates, and inspections needed to open a (fictitious) new restaurant in New York City.

License 78
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In Uncertain Times, Food Liability Insurance Helps you Prepare for the Worst

The Food Corridor

The way to mitigate the risk is to take out a robust insurance policy. However, anyone who’s dealt with an insurance broker probably knows how painful this experience can be. An insurance company’s job is to calculate risk and figure out how much to charge you based on the risk level of your business.

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Top Five Supply Chain Management Tips

Hot Schedules

Top Five Supply Chain Management Tips. . It is a good idea to manage agreed pricing and contracts in a procurement system , where you can see clearly when a contract is up for a renewal or a price file is about to expire. Top Five Supply Chain Management Tips. Printing and stationary – Annually. Supplier Compliance.

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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

Management Team : document your team and why they have the experience and expertise to make your restaurant a success. This means the bank is partially "insured" in case somebody is unable to repay them. Marketing Plan : detail your pricing structure (e.g., social media marketing ) you will employ.

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