Goliath Consulting

MARCH 3, 2025

Cost Savings and Exclusive Benefits Many restaurant associations offer discount programs and group purchasing options, leading to significant savings on essential services such as food supplies, insurance, credit card processing, and energy costs.

Food Safety

SpotOn

JANUARY 13, 2025

Communicate your hours In the event that you need to close up shop or limit your hours of operation, communicate your status to your customers. This will be helpful for filing insurance claims and applying for state or federal aid programs as they become available. 

Online Ordering

Harbor Touch

MARCH 18, 2025

Mileage: Drive Off Some Taxes Delivering food or catering events? Staff pay: salaries, insurance, bonuses. Insurance: property, liability. Keep it reasonable. Pro Tip: SkyTab tracks wages and hoursexport to payroll or accounting software to keep deductions tight. Mileage deductions are yours. Youre locked in for years.

Point of Sale

ChowNow

MAY 9, 2025

Fixed costs like rent, property taxes, insurance, and utilities are all part of your occupancy costs. This includes your social media ads, loyalty programs , printed flyers, local event sponsorships, discounts, and PR. The more you align your labor with your real demand, the better your margins will be.

Operations

SpotOn

FEBRUARY 26, 2025

Health insurance, retirement plans (401(k)), paid time off (PTO) (vacation, sick leave, holiday pay), workers compensation, and meal discounts Training and onboarding. Cleaning, packaging (to-go supplies), printing, menu, office, dining room, kitchen, office, event, rentals, uniforms, first aid, etc. Smallwares. Comps & discounts.

License

Modern Restaurant Management

JANUARY 31, 2025

The report includes a market-wide analysis of out-of-home food businesses, excluding restaurants and grocers, and segment-specific insights into bakers, mobile bartenders, caterers, event-based businesses such as food truck and farmers market vendors, personal chefs, and home (cottage) food businesses. percent decrease in claims.

Marketing

Modern Restaurant Management

MARCH 11, 2025

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. This is due to market availability.

Mobile Ordering

Lavu

JUNE 6, 2025

Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments. However, finding ways to negotiate lower rent or insurance rates, or to optimize equipment usage can help to reduce fixed costs. On the other hand, variable costs are expenses that change with the level of production or sales.

Loyalty Program

Paper Chase Accountancy

JULY 25, 2025

Complex Revenue Streams: Revenue can come from room nights, food and beverage sales, event bookings, spa services, merchandise sales, and more, each with different recognition rules and tax implications. Dynamic pricing, room night vs. F&B sales, event package recognition, cancellation fees.

Hospitality

SpotOn

DECEMBER 30, 2024

But many owners don't account for the high fixed costs of bars —like repairs, insurance, and alcohol theft which can leave them with less profit than expected. From there, you can send out emails weekly, monthly, or every couple of months to offer your guests special promotions or tell them about upcoming events.

Operations

Perfect Daily Grind

JULY 4, 2025

At an event in Brazil, Executive Director Vanusia Nogueira said that as new plantations, spurred by record-high prices, start producing, global output could improve over the next three years; however, the outlook depends on whether market conditions remain favourable enough for producers.

Pricing

Society Insurance

MARCH 4, 2025

Society Insurance has spent 110 years helping protect businesses and has seen firsthand how nuclear verdicts have evolved in the U.S. Even if a restaurant doesn’t face a verdict, the prevalence of such cases can drive up insurance premiums industry-wide, increasing operating costs. Recent data shows that U.S. Sign up today !

Insurance

Modern Restaurant Management

OCTOBER 29, 2024

Ahead of Halloween and spooky season, Society Insurance explores some of the scary factors, some more rare and some more common, that can affect premium rates. As these events become increasingly common, it comes as no surprise that premiums have risen as insurance companies pay out large claims.

Insurance

Modern Restaurant Management

MAY 7, 2025

Missouri saw the most significant increase in major hail events in the country, a 182-percent rise between 2022 and 2024.) From tree limbs falling on the roof to dead branches getting tangled in power lines, a well-maintained property will, again, help you avoid costly storm damage insurance claims.

Insurance

Modern Restaurant Management

MAY 16, 2022

With change in restaurant management so dynamic, industry experts say that now is a good time to review and even revamp restaurant insurance policies. “Along with making changes to their menu offerings and business models, many restaurateurs are also reassessing their insurance needs.” Food Delivery Issues.

Insurance

Modern Restaurant Management

NOVEMBER 10, 2022

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

Modern Restaurant Management

MARCH 20, 2020

Property Insurance + Business Interruption Insurance. Property insurance covers the replacement or repair of your business’s damaged physical property. Policies vary depending on the type of event leading to a loss and what, specifically, is insured. General Liability +Business Interruption Insurance.

Insurance

Modern Restaurant Management

MARCH 31, 2020

Restaurant and business owners should always be prepared in the event of loss or damage to normal business operations. Navigating these policies and their intricacies is a daunting task, even for some experts in the insurance industry.

Insurance

Modern Restaurant Management

JULY 16, 2021

If they are payroll employees, they should get additional auto coverage; the restaurant is protected in the event of a driver’s accident. In this changing environment, the right and adequate amount of insurance protection has never been more important. Another issue concerns the restaurant’s drivers.

Management

Modern Restaurant Management

JULY 14, 2023

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy? These are often excluded from standard policies and be potentially costly.

Insurance

Modern Restaurant Management

JUNE 1, 2020

In the event of a crisis, it helps to have a dedicated team that can respond to the situation in good time. Your team should include both experienced and qualified employees who know what’s required of them in the event of a crisis. Insurance coverage is an excellent resource to have as part of your risk response strategy.

Hospitality

Modern Restaurant Management

MAY 25, 2021

In general, the pandemic has changed leasing structures to address the inability of restaurants, bars, and nightclubs to conduct business in the event of government regulations that prohibit or limit the ability of the tenant to conduct business.

Hospitality

Modern Restaurant Management

FEBRUARY 22, 2022

Ahead of Employee Appreciation Day (March 4), Society Insurance put together a list of employee recognition ideas. Some moments of recognition call for a party or special event. At these events, you can take the appreciation to a whole other level if executives attend. Create a Culture of Recognition. The Takeaway.

Cash Management

Modern Restaurant Management

NOVEMBER 16, 2022

And now cue the retail holiday job ads, that annual event enticing restaurant workers away with promises of elevated hourly pay and bonuses. Highlighting benefits you provide for full-time workers – benefits likely unavailable to part-time holiday retail help, such as health insurance, tuition reimbursement and retirement accounts.

Retail

Modern Restaurant Management

MARCH 20, 2020

But regardless of who’s to blame, cybersecurity costs add up quickly in the event of a breach. That’s why it is so important for them to seek out comprehensive cybersecurity insurance solutions — created specifically to protect their business. Without it, just one breach could spell the end.

Online Ordering

Modern Restaurant Management

MAY 25, 2022

Society Insurance has compiled three tips to help find new customers for your restaurant and bar. Quality food and top tier service with the incentivization of loyalty programs and a good location should be enough to get a good share of local customers. But what happens when you hit your local ceiling? Prioritize Alternate Audience Locations.

Email Marketing

Modern Restaurant Management

DECEMBER 21, 2023

Let us pass on the knowledge and expertise that we have gained in our 100+ years in the insurance business, so you can take a few things off your plate – and gain peace of mind. Society Insurance bears no responsibility for the accuracy or content of linked or cited material.

2024

7 Shifts

JUNE 23, 2020

Auto insurance. Get car insurance You must establish who is liable in the event of an accident. Drivers must have auto insurance in order to drive their vehicles, thus you must lay-out in the contract if you will be paying for any damages while on the job. Auto is in quality shape. Valid driver's license.

FOH

Modern Restaurant Management

JANUARY 2, 2024

– Justin Price, Vice President, Business Development, ScanSource POS & Payments Only when weather events subside will finding insurance carriers to write property insurance be easy. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.

2024

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.

Insurance

Modern Restaurant Management

JANUARY 31, 2020

With more than 300 active shooter events in the U.S. The focus is two-fold: minimizing the risk of such an event from happening, and also reducing liability post-event should a victim’s family or local authorities claim the property should have been more secure. In many cases, this is just the beginning.

Management

Modern Restaurant Management

AUGUST 27, 2020

On March 3, Columbus canceled the Arnold Sports Festival, one of the largest events of the year for the city. We offer paid leave for all staff working 25+ hours, as well as 401(k) plan, health, dental, and vision insurance — but that’s not the norm in the restaurant industry.

Tip Distribution

Modern Restaurant Management

OCTOBER 19, 2023

What may be overlooked within it are risk and insurance issues. Many franchisors have dedicated staff in charge of maintaining the FDD, although tech solutions are increasingly available, offering efficient, integrated and customizable tools for managing insurance and compliance requirements. And there’s a lot of value to that.

Insurance

Modern Restaurant Management

APRIL 17, 2020

One thing to keep in mind when commissioning a mural is that, as with any project, you (or your project manager) will need insurance to cover the work, city permits and/or landlord permission.

Marketing

7 Shifts

JULY 12, 2024

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. On the other hand, weather and events significantly affect customer flow.

Food Truck

Modern Restaurant Management

MAY 12, 2022

Quality Control, Legal and Insurance. You’ll also want to set aside part of every batch (maybe half a case) in the event there is a claim that your product is tainted later. These last steps require certain expertise and skilled professionals to help you. Getting into Retail.

Retail

Modern Restaurant Management

SEPTEMBER 25, 2020

The Vet Chef has had five in the past year, all on their way to events. Businesses and event coordinators talk to each other, too, and they can be some of your strongest allies as a food truck owner if you cultivate those relationships. If you agree to do an event, show up. Remember those popped tires we mentioned?

Food Truck