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Post-Pandemic Insurance Liability Considerations All Restaurant Owners Should Be Aware Of

Modern Restaurant Management

Many restaurants turned to their insurance policies to provide protection for revenue reimbursement, (i.e., insurance proceeds for loss of revenue), but found the majority of insurance policies, unfortunately, did not / do not provide the coverage they anticipated. How Insurance Policies React.

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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.

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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. ” Get to Know PPP Loan Insurance.

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Most Common Restaurant Fire Loss Sources and How To Prevent Them

Hospitality Insurance Group

The most prevalent sources of grease laden vapor productions are deep fat fryers, followed by woks, broilers, grills, and stove top frying. The hazard associated with grease laden vapors is exacerbated by the close proximity of ignition sources, such as open flames or hot appliances, and a large supply of surrounding combustibles.

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Getting Through COVID-19: Financial, Physical, and Mental Health Tips for Restaurant Employees

7 Shifts

To keep your stress levels under control, while keeping yourself safe and informed about the coronavirus situation, reduce your exposure to social media-driven news and rely on a select few reliable sources. Apply for regular benefits, sickness benefits, caregiving benefits, or other through the Canadian government website.

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A Better Approach for Unbanked Restaurant Employees

Modern Restaurant Management

According to a 2021 estimate by the Federal Deposit Insurance Corporation (FDIC), there are 4.5 Many cards don’t allow ‘portability’ — accepting payments from sources other than their primary employer (second employer, government benefits, tax refunds, etc.)

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2021: A Year of Navigating Shortages

Modern Restaurant Management

Looking ahead : According to Nasdaq , food processors and government agencies are taking steps to prevent many of these issues from occurring in the New Year. These include sign-on bonuses, higher wages and the offering of health insurance. Food Shortage. Additionally, the use of technology has helped to control rising food costs.

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