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2022 Restaurant Insurance Update

Modern Restaurant Management

restaurant sector is gaining steam after coming out of a two-year pandemic that shuttered doors and curbed eatery revenues dramatically. With change in restaurant management so dynamic, industry experts say that now is a good time to review and even revamp restaurant insurance policies. That’s up from $640 billion in 2020.

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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. Traditional Sit-Down Restaurant Insurance Needs. Property Insurance.

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Hard Insurance Market Presents New Challenge to Restaurants

Modern Restaurant Management

The economy is recovering and the doors are opening for more than just fast food and take-out and delivery. 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. Insurance Pressures Facing Restaurateurs.

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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. ” Key Insurance Issues for Restaurant Owners. Vaccine mandates.

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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. “The prospects for fine dining and sit-down restaurants are going to remain strained for all of 2021,” said Doug Groves, founder at Program Insurance Group, in College Station, Tex.

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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. You may think a driver’s personal auto insurance would cover them, but most personal auto policies exclude accidents during food delivery.

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An Insider’s Advice About Restaurant Insurance: Six Ways to Reduce Your Costs

Modern Restaurant Management

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.