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.

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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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?

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.

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.

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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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. President & CEO of Hospitality Insurance Group. “I

Count On Experienced Insurers for Your General Liability Needs

Hospitality Insurance Group

As part of an ongoing series to help business owners in the hospitality industry prevent losses, Hospitality Insurance Group is highlighting the common risks that could make businesses insolvent. President & CEO of Hospitality Insurance Group.

August 2018 Liquor Liability Insurance Policies

Hospitality Insurance Group

Take a look at some of the liquor liability insurance policies Hospitality Insurance Group wrote in August 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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The Importance of LMS Software for Small Businesses

360Training

Business Career Development Environmental Health & Safety Food & Beverage HR & Ethics Industrial Insurance Power and Utilities Quality Management Education Real Estate Technology Trades and EngineeringRunning a small business is no small feat.

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Video: Alcohol Awareness Training

Hospitality Insurance Group

Why Bars Should Keep Surveillance Footage For Insurance Claims. The post Video: Alcohol Awareness Training appeared first on Hospitality Insurance Group. Video: Alcohol Awareness Training. Referenced Documents: Incident Report Form. Responsible Service of Alcohol Policy.

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RESTAURANT SURVIVAL MOVING FORWARD

Culinary Cues

We have never seen anything like this. Everyone in the restaurant industry is petrified beyond today – they immediately think about how impossible it might be to dig themselves out of the hole being created.

2020 201

Video Could Provide Indisputable Evidence for Businesses

Hospitality Insurance Group

Restaurants and bars are especially susceptible to being sued in today’s environment, and Hospitality Insurance Group would like to shine a spotlight on the importance of having surveillance systems installed. “If Vice President of Underwriting and Marketing at Hospitality Insurance Group. “In

Financial and Operational Implications of Moving to Restaurant Delivery/Takeout Only During COVID-19 Outbreak

Restaurant365

Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Vehicle insurance.

Summer is a Good Time for Restaurant Owners to Focus on Preventing Communicable Diseases

Hospitality Insurance Group

President & CEO, Hospitality Insurance Group. Another worthwhile precaution includes checking the insurance limits of your general liability coverage with your insurance carrier. By: Richard E. Welch, Jr.

Tailored Policies for Business Owners like you

Hospitality Insurance Group

Hospitality Insurance Group is surveying restaurant and bar owners to develop a better understanding of challenges the industry is facing. Your responses to this survey will help Hospitality Insurance Group tailor our policies for business owners like you.

How Climate Change Hits Small Business

Ken Burgin

But aren’t they insured? The reality is that the level of insurance that could cover this type of flood risk is too expensive for most small operators, even if it is available.

Dram Shop Laws Vary by State

Hospitality Insurance Group

While laws may vary from state by state, Hospitality Insurance Group aims to shed light on what business owners should know about Dram Shop laws. Any business that is underinsured takes the risk that if the insurance doesn’t pay for the claim, they will have to come up with that money.”.

Meet Our Commercial Lines Territory Manager, Bryon Hutter!

Hospitality Insurance Group

This month, we welcomed Bryon to Hospitality Insurance Group as our new Commercial Lines Territory Manager based at our headquarters in Southborough, Massachusetts. I’ve worked in the insurance industry for over 20 years (time flies!) appeared first on Hospitality Insurance Group.

Work the Prime Cost Formula for Your Restaurant

The Restaurant Expert

Labor cost includes taxes, benefits and insurance. It’s not just their hourly wage that comes out of your bank account, but the taxes, benefits and insurance that comes out with each hour of an employee’s wage.

Your Business Could be Missing This Essential Alcohol-Related Coverage

Hospitality Insurance Group

bar, magnifying the significance of having a liquor liability insurance policy. this insurance policy covers a wide range of incidents, Hospitality Insurance Group. and Marketing at Hospitality Insurance Group. liability insurance needs.

COVID-19 Legislative Actions: What to Know Now

Hot Schedules

Impact on Unemployment Insurance. Employees who experience reduced hours, furloughs, or layoffs should be encouraged to file for unemployment insurance as soon as possible. COVID-19 Legislative Actions: What to Know Now.

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A Service of Alcohol Policy Can Help Prevent Costly Accidents

Hospitality Insurance Group

Now that we are closer to the holidays, Hospitality Insurance Group urges business owners to have a Service of Alcohol policy in place to help prevent alcohol-related incidents. Another cost to consider is the increase in the business owner’s insurance premium.

xtraCHEF’s List of Support Resources for the Restaurant Industry

Xtra Chef

Under the guidance, federal law permits significant flexibility for states to amend their laws to provide unemployment insurance benefits in multiple scenarios related to COVID-19 , including but not limited to: . This article was last updated on March 1 8 , 2020. .

How Restaurants Can Reduce Operational Risk

Harbor Touch

Get Insured. To protect your employees and facility, get the appropriate insurance cover. Early risk detection is critical to the success of any business.

National Restaurant Association: We Need Help!

Modern Restaurant Management

” The Association proposed three separate categories of protection for industry restaurants and employees: directed/targeted financial relief; loans/insurance options for impacted small businesses; and tax measures. Loans/Insurance Options for Impacted Small Businesses.

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How the Federal Stimulus Package and Other Aid Can Provide Immediate Financial Relief for Your Restaurant Employees

Restaurant365

Disability Insurance (DI) Claim – Guidelines on short-term disability if an employee was exposed to COVID-19 and a medical professional documents that the employee cannot work. COVID-19 Unemployment Insurance – Unemployment for employees affected by COVID-19.

Family Ties Unite Hospitality Industry During COVID-19 Outbreak

iSanté

“Therefore, 100% of gift card sales purchased through April 12, 2020, will go towards our newly enacted employee relief fund, which helps to pay insurance premiums and provide daily meals for our staff.” Author(s): Stacey Sears. Teaser: Many hospitality establishments team up to raise funds for staff during time of need.

12 Tips for Restaurant Delivery/Takeout During COVID-19 Crisis

Restaurant365

Before repurposing your FOH staff for delivery, check with your insurance carrier to ensure that you’re covered for off-premise activity. If you’re properly insured for delivery, you can keep your servers, bartenders and other FOH staff working during this uncertain time. If you’re not insured for staff delivery, make sure that you work with third-party delivery services that are temporarily waiving or discounting commissions or other fees.

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A Message on Coronavirus (COVID-19)

Hot Schedules

Preloads: Use for corporate communications on insurance changes, policy reminders, etc. . Has your insurance provider made recent changes to allow for accessible, affordable coverage for Coronavirus testing and treatment? Blog. A Message on Coronavirus (COVID-19).

Winterproof Your Workplace

Hospitality Insurance Group

How to winterproof your workplace to avoid slip and fall insurance claims against your business during the winter months. The post Winterproof Your Workplace appeared first on Hospitality Insurance Group. Keep parking lots cleared of snow and ice, including sidewalks; have a snow & ice removal and salting schedule in place. Clear roofs from heavy snow to prevent ice dams and collapses.

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The Complete Guide to Restaurant Costs

Restaurant365

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month.

Restaurant Marketing on Instagram: Tips and Examples

Social Hospitality

In case anything happens to your 🍕 on the way home, our Carryout Insurance has you covered. Social media strongly influences customer behavior. In fact, brands can be built on social media channels. Similarly, established brands use social media to build recognition and increase sales.

Seasonal Employees And The ACA: Everything You Need To Know

Sling

If so, you may be required by law under the ACA to provide health insurance to some of these workers — or face stiff penalties. Under the ESRP, applicable large employers must provide health insurance to their full-time (30+ hours per week) employees. Do you hire seasonal employees?

Seasonal Employees And The ACA: Everything You Need To Know

Sling

If so, you may be required by law under the ACA to provide health insurance to some of these workers — or face stiff penalties. Under the ESRP, applicable large employers must provide health insurance to their full-time (30+ hours per week) employees. Do you hire seasonal employees?

Three Trends That Will Keep Restaurateurs on Their Toes in 2020

Modern Restaurant Management

Even if restaurateurs can get around local laws, and their landlords are willing to relax probable prohibitions against on-site toking with dinner, most major insurers aren’t going to provide liability coverage at this stage of the game.

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How To Open a Restaurant: 12 Steps to Starting a Restaurant

Restaurant Clicks

Apply for Permits, Licensing, and Insurance. Apply for Permits, Licensing, and Insurance. You’ll also need insurance for your new business. Opening your own restaurant is an exciting business venture.

Restaurant Accounting Concepts Every Manager Should Know About

Lavu

Every foodservice operator has three fixed expenses: Restaurant Labor—The cost of all employees on the payroll in management, FOH, and BOH. Occupancy Expenses—These are the costs of existing in a brick and mortar location ( or food truck ), including rent, property taxes, and insurance.

Restaurant Holiday Catering & Marketing Tips

Next Restaurants

In addition to knowing the ins and outs of serving alcohol, you’ll also want to make sure you have your bases covered with property insurance. The holidays are just around the corner, and for many restaurants, that means gearing up for catering gigs.

PRIME COST FOR RESTAURANT: 4 THINGS YOU NEED TO KNOW

Food Business

Please includes total taxes, benefits and any insurances paid (workers’ compensation and health insurance). Understanding and keeping up with your businesses health is, frankly, necessary to your business success.

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Businesses Could Accidentally Overserve Alcohol in Craft Brew Craze

Hospitality Insurance Group

President & CEO, Hospitality Insurance Group. In this blog, Hospitality Insurance Group addresses the higher alcohol content typically found in craft brews and shares strategies to help prevent overserving alcohol. Welch, President & CEO of Hospitality Insurance Group.

Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

Employee salaries, insurance, retirement accounts, sick leave, vacation pay, and bonuses for your cooks, servers, hosts, bartenders, dishwashers, Employee gifts of up to $25 per person, per year. Property insurance, liability insurance, and other policies designed to protect your physical restaurant location(s), employees, and customers. With Tax Day approaching, many people are getting the final touches done on their submittals.

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xtraCHEF Recipe Card: Chloë Lewis

Xtra Chef

I insure they’re getting the most out of what our software has to offer. Chloë Lewis is a Software Support Analyst and resident competitive rower at xtraCHEF! We spoke with her about her position at the company as well as her interests outside of work. . What is your role at xtraCHEF?