Remove Information Remove Insurance Remove License
article thumbnail

Bridging the Gap: Integrating Legal and Insurance Considerations into Restaurant Cybersecurity Response

Modern Restaurant Management

Brands (owner of KFC, Taco Bell, and Pizza Hut) suffered a ransomware attack that forced the closure of approximately 300 restaurants in the UK and exposed personal information of hundreds of thousands of employees. This committee can ensure that legal compliance and insurance requirements are built into everyday operations.

article thumbnail

Seven Questions Restaurants Should be Asking About Insurance Coverage

Modern Restaurant Management

While maybe less cute than National Pet Day (4/11) and less tasty than National Cheeseburger Day (9/18), National Insurance Day on June 28 encourages businesses to shop around for the BEST insurance partner to ensure financial success and safety for all involved.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Your Guide to A Food Truck Commissary: What it is and How to Start One

The Food Corridor

These licensed commercial spaces give operators a place to store inventory, prep food, and clean their equipment—ensuring they meet health codes and run efficiently. Food Liability Insurance Program ( FLIP) offers affordable coverage, designed for small food businesses. Meet fire safety, plumbing, and ventilation requirements.

article thumbnail

Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

Occupancy Expenses: This refers to fixed costs like rent, property taxes, utilities, and property insurance. This information can be transferred to an accounting journal, and later recorded in a general ledger for financial report preparations. Make sure everyone is responsible for reporting the right information.

article thumbnail

Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

For restaurants, it might mean analyzing peak hour sales per cover or average check size to inform menu pricing. Operating Expenses Utilities, marketing, supplies, rent, insurance. Seasonal variations, maintenance for high-use facilities, entertainment licensing. Fixed Assets Asset acquisition, depreciation, disposals.

article thumbnail

Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

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. These include rent, utilities, licenses, equipment, repairs, credit card processing fees—anything that's not labor or COGS. Overhead costs.

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.