Modern Restaurant Management
FEBRUARY 3, 2021
restaurant industry has a loaded plate as 2021 picks up steam – especially from an insurance and financial protection point of view. “The prospects for fine dining and sit-down restaurants are going to remain strained for all of 2021,” said Doug Groves, founder at Program Insurance Group, in College Station, Tex.
Modern Restaurant Management
OCTOBER 16, 2020
Restaurants around the country shuttered their dining rooms for months due to COVID-19, most in direct response to state and local orders mandating their closure. As the surviving restaurants reopen and attempt to regain solid financial footing, many will look to their business insurance policies to try to recoup the income they lost.
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Modern Restaurant Management
AUGUST 10, 2020
The days of full dining rooms and crowded bars are gone for now leaving many businesses struggling to pay employees and keep its doors open. Less revenue for businesses and income for individuals means less tax dollars for federal and state governments. However, restaurants are not alone in their struggles. On July 13, the U.S.
7 Shifts
APRIL 24, 2020
With most restaurants operating on dine-out only, and many having closed their doors, restaurant staff are left with hours reduced—or out of a job entirely. Financial relief programs There are many financial relief programs offered by governments and hospitality organizations to help keep restaurant workers paid during COVID-19.
Modern Restaurant Management
MARCH 18, 2020
As the National Restaurant Association is anticipating sales to decline by $225 billion during the next three months and prompt the loss of between five and seven million jobs, the organization urged the federal government to take aggressive action now to rescue the restaurant industry, the nation’s second largest employer.
Modern Restaurant Management
JULY 9, 2020
Restaurants in particular have been dealt a harsh blow, as many have been forced to shutter their dining areas and bars, and solely rely on take-out and delivery orders. For many, the next logical step in this situation has been to file a claim with their insurance company. Track Your Financial Losses.
7 Shifts
APRIL 23, 2021
Unemployment benefits—augmented by federal government support—are providing security that restaurants have not been able to over the past year. Staff are now tasked with policing masking, moving heavy furniture to configure outdoor dining, and packaging to-go orders. Benefits like health insurance, pet insurance, or retirement plans.
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