article thumbnail

How Insurance Needs Differ for Traditional Restaurants v. Mobile Food Businesses 

Modern Restaurant Management

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business. Traditional Sit-Down Restaurant Insurance Needs. Property Insurance.

Insurance 189
article thumbnail

Five Things You Need to Know About Restaurant Insurance

Modern Restaurant Management

Between obsessing over food and finances, one key consideration shouldn’t fall through the cracks—restaurant insurance. Having trouble deciding what kind of insurance your restaurant needs? What is Restaurant Insurance? Why Do You Need Restaurant Insurance? What Does Restaurant Insurance cover?

Insurance 144
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

All You Need To Know About Food Truck Insurance

The Restaurant Times

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

article thumbnail

Safety Training and a Strong Safety Culture: The Recipe for Mitigating Restaurant Risk

Modern Restaurant Management

Safety training and creating a culture of safety are both critical for mitigating these risks, helping restaurants establish environments that protect staff and customers, which also goes a long way toward keeping insurance premiums low and protecting the bottom line.

Training 167
article thumbnail

Is Used Kitchen Equipment Worth The Money?

The Restaurant Times

When opening a new restaurant, bakery, or cafe, one of the first things that pops up in one’s mind is buying kitchen equipment. This is where used kitchen equipment comes into the picture. As necessary as kitchen equipment is, it is possible to lower its cost by opting for second-hand apparatus. Source: RestoHub.

article thumbnail

Common Hazards Associated with Meat Smoking

Modern Restaurant Management

When serving a large customer base, smokers are a huge asset to restaurants. The National Fire Protection Association (NFPA) reported that cooking equipment is the leading cause of fires in dining establishments. Creosote is tar created by burning wood that will build up in your cooking equipment and could potentially start a fire.

Insurance 203
article thumbnail

Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space. Your fixed costs, for instance, stay almost the same monthly and yearly, like your insurance and rent/lease payments.