article thumbnail

Assessing Coronavirus Insurance Coverage Risks for Restaurants

Modern Restaurant Management

For that reason, restaurant and business owners typically carry business income coverage, also referred to as business interruption coverage, which is insurance coverage intended to replace lost income in the event business is halted or interrupted for some reason, such as a natural disaster.

Insurance 109
article thumbnail

Health Insurance Requirements for Small and Medium Businesses

Hot Schedules

Health Insurance Requirements for Small & Medium Businesses. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. According to the Kaiser Family Foundation , only 30 percent of US businesses with fewer than 50 employees provide health insurance to their workers. In short, no.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Keeping a Safe Bar Environment on Busy Holidays

Modern Restaurant Management

Society Insurance, which provides coverage to the hospitality industry, has put together four tips on how restaurants and bars can help create a safer environment on St. This can dramatically impact the bottom line for bar owners, which is why conflict resolution training is critical for bar owners and staff.

Bar 177
article thumbnail

What Your Restaurant Needs in its Sexual Harassment Policy

Modern Restaurant Management

Has a recent state law change made sexual harassment training mandatory, but you don’t know where to begin? Definition of sexual harassment in the workplace Your policy must include a clear definition of what constitutes sexual harassment. Are your existing standard operating procedures working as well as they could?

article thumbnail

How Bars and Restaurants Can Prepare for a Safe Football Season

Modern Restaurant Management

Ahead of this year’s football season, the team at Society Insurance has put together the top four tips on how a restaurant and/or bar can protect themselves, their patrons and their employees as well as create a safer environment for football season and beyond. Obtain Liquor Liability Insurance.

Bar 177
article thumbnail

Direct Labor Cost: Definition, Calculation, And Tips From The Experts

Sling

The dictionary definition of direct labor cost is: Wages incurred in order to produce goods or provide services to customers. Insurance, bonuses, taxes — all of these items play a part in what you ultimately pay your employees. The post Direct Labor Cost: Definition, Calculation, And Tips From The Experts appeared first on Sling.

article thumbnail

Contingent Worker: Definition, Benefits, And Management

Sling

Health insurance, 401k contributions, and other fringe benefits such as profit sharing, childcare, student loan payoff assistance, and many more can have a significant impact on your bottom line. The post Contingent Worker: Definition, Benefits, And Management appeared first on Sling. 3) No Need For Benefits.