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.

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. Business interruption starts where property insurance leaves off. General Liability +Business Interruption Insurance. Finance Operations Business Interruption Insurance


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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.

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.

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. However, there’s a lot of misinformation swirling out there—some of it propagated by the insurance industry—about whether these policies will or should respond to this crisis. Gather Your Complete Insurance Policy.

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.

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. Navigating these policies and their intricacies is a daunting task, even for some experts in the insurance industry.

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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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.

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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.

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

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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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. Many insurance companies, however, have already begun to signal their intent to deny pandemic-related claims. What Is Business Interruption Insurance? COVID-19 and Business Interruption Insurance. Insurance Industry Statement on Business Interruption Coverage.

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.

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.

In it Together: taking on the insurance industry with Naomi Pomeroy & Robert J. Nelson


After months of shutdowns due to the coronavirus pandemic, restaurants have looked to their insurance policies for financial help – only to be denied coverage for claims. The only way to do that is if we have an industry to make better, and that means holding insurance companies accountable.

For Restaurant Owners, Cybersecurity is a People Problem 

Modern Restaurant Management

That’s why it is so important for them to seek out comprehensive cybersecurity insurance solutions — created specifically to protect their business. Equipment Law Operations cybersecurity breaches cybersecurity insuranceIf you’re like me, chances are you’ve probably ordered food online or through an app at least once in the last couple of weeks. Curbside pickup, takeout and delivery have become buzzwords in the past week.

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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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. Welch suggests working with an insurer that understands the risks a restaurant or bar might encounter to receive the proper general liability coverage needed.

José Andrés Among the Latest Chefs to Sue For Insurance Coverage


Four D.C. restaurant groups took legal action against Travelers for denying claims during the pandemic [link

The Importance of LMS Software for Small Businesses


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. A small business owner has many hats to wear, and they can be overwhelming. According the Bureau of Labor Statistics, 50% of small businesses don’t make it past the fifth year.

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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. Best Practices for Responsible Serving of Alcohol. Alcohol Serving Policy. How To Winterproof Your Workplace. Bars & Restaurants Risk Management

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Four Questions to Ask When Evaluating Third-Party Delivery Services

Modern Restaurant Management

In that case, there may not be any insurance outside the driver’s personal auto insurance. If you’re contracting with a third-party delivery service, let your insurance agent know.

Tribulations Restaurants Face as Business Interruption Claims are Denied

Modern Restaurant Management

For many, the next logical step in this situation has been to file a claim with their insurance company. During an occurrence as rare as a pandemic, it is encouraged to file a claim with your insurance company, no matter the exclusions that may be outlined in your business’ policy. Unfortunately, it is likely that all business interruption claims filed against insurance companies will be denied.

Protecting Your Business Against Copyright Laws

Hospitality Insurance Group

As President and CEO of Hospitality Insurance, Dick Welch, says, “as the owner of a bar or a restaurant, anything you put on your website, social media, or any of your promotional materials should be legally owned”. If you are worried that your business could be using copyrighted material, the easiest way to deal with it is to contact an independent insurance agent from the Hospitality Insurance Group.

Flexible Covered Period and Expanded Allowable Expenses Makes Newest Round of PPP Funds More Advantageous for Restaurant Businesses


The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. Enables PPP borrowers to include additional group insurance payments when calculating PPP payroll costs.

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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 Running a successful restaurant or bar is challenging when you consider all of the legal, insurance, and logistical aspects that keep a business operational.


Culinary Cues

Rent control for these initial business risk takers gives them a fair shot. [] A $15/hour minimum wage gives employees a fair shot and as long as restaurateurs are given guidance on how to adapt to increased wages then the operation also has a fair shot. [] Extended and expanded unemployment insurance will give employees a chance – they do pay into this. [] Why not energize a partnership between the SBA and Culinary, Hospitality and Business Colleges?


Culinary Cues

If you view your staff members as interchangeable parts then they will always look for a better opportunity somewhere else, or feel that unemployment insurance is a better option. Difficult times in business can never be addressed with complacency.

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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. If you suspect you may have experienced an outbreak of foodborne illness, it is important to do everything possible to mitigate the damage by reporting the incident to the appropriate authorities and notifying your general liability insurance carrier. ###. By: Richard E. Welch, Jr.

How to Turn Your FOH Staff into Delivery Drivers

7 Shifts

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. Third-party apps such as Uber cover their drivers insurance while making deliveries. The best option is to let your auto insurance company know that you are transitioning to a delivery driver.

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End of Year To-Do List for HR and Payroll Teams

Hot Schedules

Less than 50 and self-insured – forms 1095-B, 1094-B. Fewer than 50 employees and fully-insured – your insurer should file on your behalf. Fewer than 50 employees and no insurance – no reporting needed. End of Year To-Do List for HR and Payroll Teams.

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. Insurance is one of the ‘resented costs’ that operators pay year after year and never make a claim. The ‘1 in 100 year flood risk’ that’s excluded in insurance policies is now more like 1 year in 10.

What Is the SUTA Tax and Why Is It Going Up in 2021?

Hot Schedules

FUTA (Federal Unemployment Tax Act) is also a payroll tax that employers are responsible for paying, however, this tax is to help fund the federal government’s oversight of the unemployment insurance programs for each of the individual states.

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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. The post Tailored Policies for Business Owners like you appeared first on Hospitality Insurance Group

Four Ways QSRs Can Avoid the Risk of ‘Serious & Willful Neglect’ Workers’ Comp Claims

Modern Restaurant Management

It’s a lawsuit under Part B of workers’ compensation insurance – a claim of “willful neglect” that has been rare until this year.

Statutory Employee: Definition, Examples, And Management Tips


Insurance Salesperson. A full-time life insurance sales agent is often classified as a statutory employee because their main business activity is selling annuity contracts, life insurance (or both), for one insurance company.

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!) My insurance career began in the mailroom at Liberty Mutual in NJ during college and progressed into various claims and underwriting roles over the years. What brought you to Hospitality Insurance Group?

The Second Draw PPP Loan: The Latest News and Next Steps for Restaurants and Small Businesses

Goliath Consulting

Restaurants and Small Businesses may now apply for a second PPP Loan beginning January 13, 2021, thanks to the latest COVID-19 pandemic relief bill approved in late December which authorizes up to $284.5 billion for eligible businesses.

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Ultimate Restaurant Payroll Guide 2021

7 Shifts

Health insurance plan opt-in forms. Federal Insurance Contributions Act (FICA) taxes : Employees and employers split paying into Social Security and Medicare. Deductions for benefits like health insurance, 401(k), dental, vision, etc.

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How to Write a Tenant Welcome Letter (+Free Template)


How to Get Renters Insurance. Note whether your community or even your state requires renters to purchase renters insurance prior to signing a lease. You can provide renters with contact information for preferred insurance providers if you have any.

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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.”. In those states, insurance experts recommend that restaurant owners hold on to evidence for longer. Hospitality Insurance Group specializes in liquor liability coverage.