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.

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.


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Hard Insurance Market Presents New Challenge to Restaurants

Modern Restaurant Management

Restaurants are coming back saddled with a lot of risks in an insurance market that’s the hardest it’s been in over 20 years. It’s created an environment where insurance premiums on some lines are doubling (or more) if coverage is available at all.

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

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.

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.

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.

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.

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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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.

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.

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. What Is Business Interruption Insurance?

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.

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.

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

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.

Common Hazards Associated with Meat Smoking

Modern Restaurant Management

Society Insurance has established a list of meat smoking hazards and how to prevent these hazards from causing significant damage to one’s business. Society Insurance suggests taking all preventive measures to protect your employees and mitigate the risk of fire damage to your business.

National Food Safety Education Month: How to Mitigate Foodborne Illnesses

Modern Restaurant Management

In honor of National Food Safety Education Month, Society Insurance is offering preventive tips to help eliminate food-related illnesses from occurring in the food service industry. September is National Food Safety Education Month.

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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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 insurance

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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Summer Update

Hospitality Insurance Group

The post Summer Update appeared first on Hospitality Insurance Group

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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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”.

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.

How Restaurant Owners and Managers Can Reduce Workers’ Comp Liability Around the COVID-19 Vaccine

Modern Restaurant Management

Based on the above, owners and employers that choose to require a vaccine should understand how their approach could impact their workers’ comp insurance liability. As the owner of my own company, a lot of work, research, and tension has accompanied our reopening plans.

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.

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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.

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.

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.

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Defects in Buildings: What Restaurant Owners Need to Know

Modern Restaurant Management

If you end up hiring someone to perform repairs, make sure they are licensed in your state and have adequate insurance to cover your project. Review your commercial property insurance policy.


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.

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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.