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. Product Liability Insurance.

2022 Restaurant Insurance Update

Modern Restaurant Management

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.”


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2021 Restaurant Insurance Outlook

Modern Restaurant Management

restaurant industry has a loaded plate as 2021 picks up steam – especially from an insurance and financial protection point of view. How do other industry experts see the restaurant and insurance landscape this year? Insurance Impact: Collect Less, But Pay More. The U.S.

2021 Restaurant Insurance Outlook: Updated

Modern Restaurant Management

With restaurants clawing back and facing new challenges like vaccine credentials and new COVID variants, it’s a good time to check on an equally important, if less prioritized corner of the American dining and drinking sector – restaurant insurance.


Society Insurance

Odds are you understand why your auto insurance premium changes: as you age and become a less risky driver, your insurer is exposed to less risk, and your rates drop as a result. Below, we’ll explore some common drivers of restaurant insurance costs.

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.

Basics of Business Interruption Insurance

Modern Restaurant Management

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.

What Restaurants Need to Know About Auto Insurance 

Modern Restaurant Management

Consequently, as an owner, it’s crucial that you know what type of auto insurance you need to protect your business from a potentially crushing financial burden if you are sued. If you hand them the keys to a company vehicle, it should be covered by a commercial auto insurance policy.

Is It Time to Reevaluate Your Restaurant or Bar Insurance?

Modern Restaurant Management

But now as the cloud of COVID is starting to lift and things are going back to normal, it’s important to assess whether those things are actually covered on a restaurateur’s insurance plan. Finance Law post-covid insurance needs restaurant insurance

The Importance of Staying Up-to-Date on Liquor Laws and Insurance Coverage 

Modern Restaurant Management

The most important thing new owners should know about insurance coverage is that it’s a vital part of running their business. However, having proper insurance coverage is a huge part of protecting the business, and the ownership, in the case of an accident or incident.

Insurance Agent Advertising

Indoor Media

As an insurance agent, building familiarity with consumers well before they need your service is an integral part of making the final sale. Shopping cart ads work because they are impossible to miss, and an insurance agent that has a strong local presence is one consumers feel they can trust.

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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.

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? Restaurant insurance is a catchall term that describes the types of insurance needed for a restaurant to stay protected and covered in case of accidents, damages, injuries and other unpredictable mishaps.

Hospitality Insurance Group Launches ‘Pay as You Pour’ Program

Hospitality Insurance Group

Hospitality Insurance Group is launching a new program that will give bars, restaurants, and any other eligible liquor liability policyholders more flexibility in how they pay their insurance premiums. The Pay as You Pour program, offered in partnership with First Insurance Funding, will help businesses improve their cash flow by basing their bimonthly premium payments on how much liquor they sell. said Mark Trombly, Marketing Manager at Hospitality Insurance Group.

How Business Insurance Could Save Your Restaurant from COVID-19

Modern Restaurant Management

In addition, most restaurants should have business interruption insurance, and that insurance may provide some relief from economic pain. Business interruption insurance covers the loss of income that a business suffers after a disaster. Gather Your Complete Insurance Policy.

Insuring The Liquor Business

Hospitality Insurance Group

Insuring The Liquor Business. Title: President and CEO, Hospitality Insurance Group. For the last three decades, Richard Welch has held a variety of roles in the insurance industry in Massachusetts and Connecticut. He spent most of his career at Travelers Insurance where he worked for 25 years, eventually rising to president and CEO of The Premiere Insurance Co. Q: How did you get into the insurance business? So, I looked at the insurance industry.

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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. .

Georgia Judge Serves Ruling for Restaurants Hoping Business Income Insurance Will Cover COVID-19 Losses

Modern Restaurant Management

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. The virus or bacteria exclusion is a common exclusion added by many insurers after the global SARS outbreak in 2006.

Restaurant Owners Win Business Interruption Insurance Claims

Restaurant Engine

Most insurance companies have denied claims from restaurant owners resulting from the COVID-19 pandemic. Business owners counterclaim they are entitled to benefits in Business Interruption Insurance policies that protect against lost income after a covered peril affects a policyowner.

Non-Admitted vs. Admitted Insurance for Restaurants, Bars or Taverns

Modern Restaurant Management

It is important for restaurant, tavern and bar owners to have the right insurance, however, there are so many different types of policies, and even when you zero in on what is needed, the options are often complex and difficult to compare. When it comes time to purchasing or renewing your insurance for general liability, liquor liability and other coverages, all policies are not created equal. There are differences between non-admitted and admitted insurance.

Six Factors That Can Drive Up Restaurant Costs

Modern Restaurant Management

Odds are you understand why your auto insurance premium changes. As you age and become a less risky driver, your insurer is exposed to less risk, and your rates drop as a result. Below, we’ll explore some common drivers of bar insurance costs.

September 2018 Liquor Liability Insurance Policies

Hospitality Insurance Group

Take a look at some of the liquor liability insurance policies Hospitality Insurance Group wrote in September 2018 including the type of coverage included, insurance discounts applied and a glimpse at the total insurance premium. If you are an Independent Insurance Agent, click here to learn more about working with Hospitality Insurance Group to provide liquor liability insurance to your customers.

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[Updated 2022] What Is Inflation Guard & Have There Been Recent Developments?

Society Insurance

One of the ways the insurance industry mitigates the negative effects of inflation is through what’s commonly referred to as inflation guard. Inflation Guard is the automatic annual increase in property values on an insurance policy to help keep up with rising costs of construction.

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Hospitality Insurance Group Commemorates First BOP

Hospitality Insurance Group

Celebrating the first BOP written by Hospitality Insurance Group are Richard Welch (President & CEO, Hospitality Insurance Group); Mark Colantonio (Sales Executive, John M.

French Court Orders Insurance Company to Pay Restaurant COVID-19 Claims

Modern Restaurant Management

In what has been a closely watched case, a court in France recently ruled that France’s largest insurer must pay on a claim brought by a restaurant forced to shut down due to the COVID-19 outbreak. What Is Business Interruption Insurance?

Hospitality Insurance Reopening

Hospitality Insurance Group

At Hospitality Insurance Group (HIG), we are pleased to welcome back the many fine establishments throughout our region that are an integral part of our economy. The post Hospitality Insurance Reopening appeared first on Hospitality Insurance Group.

Hospitality Insurance Group Bids Farewell to Retiring Board Member Gerald Cassidy

Hospitality Insurance Group

May 16, 2019) — A founding member of Hospitality Insurance Group’s Board of Directors has retired. Gerald Cassidy, who brought decades of insurance experience and knowledge to the Board, announced his retirement on May 8, 2019. Cassidy served as the President and Chief Executive Officer of Hospital Underwriters Mutual Insurance Company (HUM) when he was a founding member of the board in 2008, and he delivered valuable guidance throughout his tenure. SOUTHBOROUGH, MASS.

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Health Insurance Requirements for Small and Medium Businesses

Hot Schedules

Health Insurance Requirements for Small & Medium Businesses. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. businesses with more than 50 employees provide health insurance.

New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. ” Get to Know PPP Loan Insurance. Finance Law Operations ppp protection PPP insurance PPP

In Uncertain Times, Food Liability Insurance Helps you Prepare for the Worst

The Food Corridor

The way to mitigate the risk is to take out a robust insurance policy. However, anyone who’s dealt with an insurance broker probably knows how painful this experience can be. And there are insurers on the case, who want to help you find the right coverage at a reasonable price.

How a Restaurant Closing Checklist Benefits Your Business

Society Insurance

To learn more about the risks facing your bar or restaurant, and insurance tailored to your business’ specific needs, contact your local Society Insurance agent today. The post How a Restaurant Closing Checklist Benefits Your Business appeared first on Society Insurance.

How to Overcome Imposter Syndrome at Work

Society Insurance

Contact your local agent today to see how Society Insurance can help your business. The post How to Overcome Imposter Syndrome at Work appeared first on Society Insurance. What Is Imposter Syndrome?

Why Periodic Roof Inspections Are Essential

Society Insurance

Society Insurance Protects Your Business. To find out more about how Society Insurance can help your business, get in touch with your local agent today. The post Why Periodic Roof Inspections Are Essential appeared first on Society Insurance.

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Do Restaurants Need Cyber Insurance? (Infographic)

Modern Restaurant Management

Could cyber insurance be an effective safeguard against future ransomware attacks? While not the front line defence needed to invest in the right people and tools, cyber insurance can cover your business from profit losses, liabilities and legal costs.

Pandemic Pivots Don’t Offset Restaurants’ Need to Manage Looming Risks

Modern Restaurant Management

In this changing environment, the right and adequate amount of insurance protection has never been more important. There’s a price for the unrelenting barrage of natural disasters, and it’s making excess liability insurance hard to find above standard liability limits.

Restaurant Surcharges – Health Insurance vs. Tips

Blue Orbit Restaurant Consulting

Ray Camillo – Founder & CEO, Blue Orbit Restaurant Consulting A few weeks ago, my wife and I ate San Francisco. A recurring line item on our checks was “EE Benefits Surcharge” or “SF Mandates” charge. My first reaction Read More.

Four Things Bar and Restaurant Owners Should Consider in their Coverage 

Modern Restaurant Management

With the laundry list of everything bar and restaurant owners need to handle on a daily basis, proper insurance coverage should be top priority. Proper communication with the insurance agent about all the ins and outs of the restaurant can help set up the policy right from the get-go.

Restaurants Aren’t Raising Employee Medical Premiums, But Costs Are Going Up

Modern Restaurant Management

Self-insurance is not for every employer, and the components must be properly constructed to generate savings and simultaneously, manage risks. A self-insured group will want to ask for their Rx contract to understand the discounts on drugs, along with rebates on specialty drugs.

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 The Rise of the Streatery: What it Is and Why Is it Popular?

Society Insurance

Obtaining the appropriate permits and updating your insurance coverage is crucial for your business’ protection. Protect Your Restaurant With Society Insurance. appeared first on Society Insurance.

6 Ways to Find Exceptional Job Candidates

Society Insurance

To learn more about how Society Insurance can help your business, contact your local agent today. The post 6 Ways to Find Exceptional Job Candidates appeared first on Society Insurance. Recruiting new employees is one of the most important responsibilities of any business.

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