Modern Restaurant Management

JUNE 23, 2021

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. Reviewing current sales can help restaurant owners better reflect numbers to date, which can save them some money on their insurance.

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Modern Restaurant Management

MARCH 31, 2020

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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Modern Restaurant Management

JANUARY 2, 2025

A beer and wine license allows restaurants to craft a unique cocktail menu featuring wine-based liquors without the need for liquor insurance or the extensive paperwork associated with a full liquor license.

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Modern Restaurant Management

MARCH 3, 2025

Variety of Voluntary Benefits : Voluntary benefits can include personal insurance policies like pet, travel, car and homeowners’ insurance, with a discount for enrolling in coverage. In fact, 69 percent of employees rank pet insurance as the most significant voluntary benefit an organization can offer.

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Modern Restaurant Management

DECEMBER 16, 2024

Simplify Health Insurance Open Enrollment Health insurance is one of the most valuable benefits you offer, so make open enrollment a central, streamlined year-end activity.

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2025 Restaurant Law Audits Employee Relations 449

Modern Restaurant Management

JULY 15, 2022

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. Getting insurance coverage is not just a box to check.

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Insurance Restaurant Law Hospitality Education 450

Modern Restaurant Management

OCTOBER 11, 2024

Benefits and Protections Full-time employees are often entitled to benefits such as health insurance, paid leave and retirement plans, whereas part-time and temporary employees may not be. Relationship of the parties − are there written contracts or employee-type benefits, such as a pension plan, insurance or vacation pay?

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Audits Employee Relations Restaurant Law Document 418

Modern Restaurant Management

OCTOBER 22, 2024

The former are entitled to benefits such as minimum wage, overtime pay and workers’ compensation insurance. Independent contractors, meanwhile, may not get these benefits in exchange for having more freedom and control over their work, while holding responsibility for their own taxes and insurance.

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Modern Restaurant Management

NOVEMBER 11, 2019

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. A non-admitted insurance company has not been approved by the state’s insurance department.

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Modern Restaurant Management

JULY 28, 2020

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. To obtain PPP loan insurance, applicants must submit: Analysis of how the affiliation rules apply to the business.

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Modern Restaurant Management

MAY 1, 2023

That's why it's essential for restaurants to consider cyber liability insurance. Protecting your Restaurant with Cyber Liability Insurance Cyber liability insurance is a type of insurance that helps protect businesses from the financial losses associated with cyber attacks.

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Insurance Email Marketing Employee Relations Customer Experience 508

Modern Restaurant Management

OCTOBER 19, 2023

What may be overlooked within it are risk and insurance issues. Many franchisors have dedicated staff in charge of maintaining the FDD, although tech solutions are increasingly available, offering efficient, integrated and customizable tools for managing insurance and compliance requirements. And there’s a lot of value to that.

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Modern Restaurant Management

AUGUST 31, 2021

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.

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Bar Insurance Employee Relations Certification 482

Modern Restaurant Management

JULY 14, 2023

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy? These are often excluded from standard policies and be potentially costly.

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Modern Restaurant Management

MARCH 31, 2025

From managing cash flow to securing insurance coverage and updating contracts, the legal side of your business should never be overlooked or passive. This includes reviewing insurance coverage, ensuring your contracts are solid and training team member with HR (human resource) best practices.

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Modern Restaurant Management

DECEMBER 31, 2020

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. Your agent can review the contract to determine what types of insurance you may need to protect your restaurant.

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Modern Restaurant Management

MAY 29, 2020

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.

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Insurance Ordering Employee Relations Restaurant Law 305

Modern Restaurant Management

DECEMBER 23, 2021

Ahead of New Year’s Eve celebrations, Society Insurance, which provides coverage to the hospitality industry, has put together the top four tips on how a restaurant can protect themselves, their patrons and their employees as well as create a safer environment on Dec. Obtain Liquor Liability Insurance. 31 and beyond.

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Insurance Restaurant Law Point of Sale Training 531

Modern Restaurant Management

JULY 16, 2021

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.

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Modern Restaurant Management

NOVEMBER 16, 2021

On a basic level, stop loss insurance provides protection against catastrophic or unpredictable losses. A basic rule of insurance is that over time, the less insurance purchased will result in a lower cost. Stop Loss Coverage Is Risk Management. a lower deductible).

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Insurance Cash Management Healthcare Innovation 504

Modern Restaurant Management

JUNE 14, 2022

Longer term savings opportunities will take a concerted effort, and these are areas for review: Self-insured versus fully insured : Plans with more than 150 employee participants are likely strong candidates for self-insurance; and those between 100 and150 employees may also find self-insurance attractive.

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Insurance 2022 2023 Article 457

Restaurant Business

JANUARY 13, 2025

California was already a challenging insurance market because of fire risk. The ongoing crisis is only expected to make it worse.

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Insurance Marketing Operations 288

Modern Restaurant Management

NOVEMBER 14, 2022

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. Reinsurance, to put it simply, is insurance for insurers.

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Insurance Supplies 2020 Events 506

Modern Restaurant Management

JUNE 9, 2021

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. Many states also have individual guidelines as to what is covered under workers’ comp insurance for adverse reactions to voluntary vaccinations.

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Employee Relations Management Management Insurance 531

Modern Restaurant Management

SEPTEMBER 6, 2022

Ahead of this year’s football season, the team at Society Insurance has put together the top four tips on how a restaurant and/or bar can protect themselves, their patrons and their employees as well as create a safer environment for football season and beyond. Obtain Liquor Liability Insurance. Eventually conflict can happen.

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Bar Insurance Restaurant Law Point of Sale 450

Modern Restaurant Management

JULY 11, 2023

Restaurant ownersmust understand their insurance needs to protect their investment. The impact of the pandemic on restaurant insurance and how restaurants have had to adapt their coverage to changing operations.

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Insurance Operations Management Management 170

Modern Restaurant Management

MARCH 9, 2023

Society Insurance, which provides coverage to the hospitality industry, has put together four tips on how restaurants and bars can help create a safer environment on St. Obtain Liquor Liability Insurance It is highly advisable to purchase liquor liability insurance if you operate a business that sells alcohol.

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Bar Insurance Restaurant Law Point of Sale 450

Modern Restaurant Management

AUGUST 5, 2024

Restaurants should consider vetting third-party vendors to performing these functions, and ensure those vendors are properly insured. Restaurants should also consider their own insurance coverage for cyber risks. What are the best practices for brands to handle a breach?

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Employee Relations Insurance Healthcare Restaurant Law 493

Modern Restaurant Management

SEPTEMBER 24, 2021

“There are certainly lower fees the marketplace will charge if you handle the delivery in-house, but the insurance, staffing, and additional costs that come with in-house delivery may get pretty close to comparable, if not more,” he said. ” Costs aren’t the only thing that should be top of mind when making this choice.

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Delivery Insurance Online Ordering Customer Service 537

Modern Restaurant Management

JUNE 1, 2020

Insurance coverage is an excellent resource to have as part of your risk response strategy. Insurance policies cover injury to employees or customers on your premises, damage from inclement weather, and much more. When deciding which policy is best, consider all types of risks that you might face.

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Hospitality Insurance Food Supply Social Media 455

Modern Restaurant Management

JANUARY 2, 2024

– Justin Price, Vice President, Business Development, ScanSource POS & Payments Only when weather events subside will finding insurance carriers to write property insurance be easy. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.

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2024 Fast Casual Food Safety Insurance 493

Modern Restaurant Management

MARCH 18, 2020

” 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. Federal Loan Program Equal to Lost Revenue.

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Insurance Employee Relations 2002 2001 432

Modern Restaurant Management

DECEMBER 21, 2023

Let us pass on the knowledge and expertise that we have gained in our 100+ years in the insurance business, so you can take a few things off your plate – and gain peace of mind. Society Insurance bears no responsibility for the accuracy or content of linked or cited material.

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Modern Restaurant Management

SEPTEMBER 21, 2021

This is the appropriate strategy for a smaller operator with a single restaurant or with a limited number of restaurants that has to be fully insured. The brokerage approach focuses on a simple analysis of per unit cost. For larger operators, especially those with multi-state operations, the analysis becomes far more complicated.

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Insurance Design Pricing Magazine 447

Modern Restaurant Management

AUGUST 30, 2021

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. Your insurance policy may cover the issues you have identified, for example, if your restaurant recently experienced a casualty.

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Insurance License Restaurant Law Employee Relations 536

Modern Restaurant Management

MARCH 20, 2020

That’s why it is so important for them to seek out comprehensive cybersecurity insurance solutions — created specifically to protect their business. When these costs begin to pile up, it can be devastating for owner/operators. Without it, just one breach could spell the end.

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Online Ordering Email Marketing Website Management Franchising 540

Modern Restaurant Management

APRIL 3, 2020

Business interruption insurance is an extremely important type of coverage in an insurance policy which is intended to cover for lost income sustained as a result of a covered peril in order to allow for the continuity of your business into the future. COVID-19 has thrown our way of living into treacherous and unchartered waters.

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