Modern Restaurant Management

FEBRUARY 3, 2021

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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Insurance 2021 Restaurant Law Fine Dining 531

Modern Restaurant Management

APRIL 23, 2025

Serving alcohol is a fundamental part of many restaurant operations, but it also presents significant liability risks. At All Solutions Insurance, we saw a recent claim in which a restaurant faced a multi-million-dollar lawsuit after over-serving a guest who later caused a fatal car accident.

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Serving Restaurant Law Employee Relations Insurance 377

Modern Restaurant Management

JANUARY 2, 2025

In California, annual fees for a liquor license can also reach up to $1M, depending on factors like operating hours, customer policies, and whether the establishment offers on-site brewing. Keep your operations flexible and plan for challenges by managing costs wisely. This financial burden is not unique to Florida.

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Modern Restaurant Management

DECEMBER 16, 2024

A new year is creeping up on us again, bringing fresh opportunities—and challenges—for restaurant operators. 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

APRIL 21, 2020

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. Gather Your Complete Insurance Policy. ” That’s just not true.

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Insurance Government Document Restaurant Law 542

ChowNow

APRIL 15, 2025

One of operators most difficult challenges is balancing restaurant operating costs without compromising the food, service, and customer experience that makes your restaurant unique. The Three Types of Restaurant Operating Costs Before you can start paring down expenses, you have to understand what youre actually spending and why.

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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. Independent Contractors Independent contractors operate their own businesses, control how and when they perform their tasks, and handle their own taxes.

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Audits Employee Relations Restaurant Law Document 418

ChowNow

MAY 9, 2025

These include: Food Costs Labor Costs Occupancy Costs Operating Costs Marketing and Promotions Expenses Every successful restaurant owner knows that tracking these isnt just a bookkeeping exercise; its how you spot opportunities to save money, collect data for better decision making, and run more efficiently.

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Modern Restaurant Management

MARCH 31, 2020

Restaurant and business owners should always be prepared in the event of loss or damage to normal business operations. Navigating these policies and their intricacies is a daunting task, even for some experts in the insurance industry.

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Modern Restaurant Management

OCTOBER 22, 2024

This goes to show that restaurant staff pay, which makes up about a third of restaurant operating costs , is one of the most important facets of running a restaurant. The former are entitled to benefits such as minimum wage, overtime pay and workers’ compensation insurance.

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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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Insurance Healthcare Small Business Leadership 412

Modern Restaurant Management

MARCH 31, 2025

As the restaurant industry continues to evolve in 2025, effective legal strategies are more important than ever for operators aiming to grow and scale their businesses properly. A strong structure built on a legal framework will guide your brand to grow thoughtfully, efficiently and without operational setbacks.

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Franchise Franchising Restaurant Law Cash Management 221

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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Modern Restaurant Management

NOVEMBER 18, 2024

Society Insurance outlines five reasons why every business owner should have an effective video surveillance system. Video Surveillance is Powerful Evidence for Injury Claims Slip and fall injuries are the number one source of liability (customer) and employee loss for Society Insurance policyholders.

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Insurance Back of House Restaurant Law Information 389

Modern Restaurant Management

JUNE 26, 2025

With the right combination of technology and training, hospitality operators can protect themselves while also remaining compliant, even on one of the busiest nights of the year. These increasingly sophisticated counterfeits can bypass manual inspection and easily deceive basic scanning devices.

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License Document Training Hospitality 282

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

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. Implement comprehensive standard operating procedures and policies.

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Insurance Restaurant Law Point of Sale Training 531

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. Chang’s won PPP exemptions to bridge their operations until they open their doors open once again. ” Get to Know PPP Loan Insurance.

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Insurance Certification Audits Small Business 404

Modern Restaurant Management

MAY 1, 2023

Cybercriminals are increasingly targeting restaurants, seeking to steal sensitive customer data and disrupt business operations. That's why it's essential for restaurants to consider cyber liability insurance. With cyber liability insurance, the costs of hiring attorneys and other legal expenses can be covered.

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Insurance Employee Relations Email Marketing Customer Experience 508

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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Modern Restaurant Management

OCTOBER 19, 2023

Even experienced operators know that navigating the compliance requirements laid out by each state’s franchise registration rules isn’t easy. What may be overlooked within it are risk and insurance issues. Risk and insurance should be top on the list. Franchisees must specify the franchisor as an additional insured.

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Insurance Franchise Franchising Document 251

Modern Restaurant Management

JULY 16, 2021

The carryout-only brand of It’s Just Wings, operating out of Chili’s kitchens. In this changing environment, the right and adequate amount of insurance protection has never been more important. These virtual brands have allowed restaurants to hone in on hot niche trends (anything chicken related, typically) with consumers.

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Modern Restaurant Management

JUNE 14, 2022

Double digit rate increases for the next few years, coupled with increased labor and materials cost could mean difficult navigation for many operators. Many operators simply accepted these cost increases for 2022 due to the ongoing labor shortage, and the compliance requirements never came up for discussion.

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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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Insurance Food Safety Employee Relations Small Business 221

ChowNow

MAY 23, 2025

In this article, youll learn: Why every operator has to monitor their restaurant profit margins Why it can be so challenging to increase your profit margins How to improve your margin numbers Lets dig into why margins, not just sales, make or break a restaurant business. Your cost of goods sold (ingredients, beverages, packaging, etc.)

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Point of Sale Insurance Fast Casual Customer Service 195

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

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. Security and floor staff see what is happening throughout the operation.

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Bar Insurance Restaurant Law Point of Sale 450

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. Security and floor staff see what is happening throughout the operation. Implement comprehensive standard operating procedures and policies.

Bar 450

Bar Insurance Restaurant Law Point of Sale 450

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

AUGUST 5, 2024

What can restaurant operators learn from this experience? What should restaurant operators take away from this in regard to how they should handle employee and customer data moving forward? Restaurants should consider vetting third-party vendors to performing these functions, and ensure those vendors are properly insured.

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Employee Relations Insurance Healthcare Restaurant Law 493

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

MARCH 20, 2020

With every online order, millions of customers are entrusting restaurant owner/operators with their most essential information. However, thanks to the explosion of online ordering, owner/operators are left managing massive data sets — without any experience in doing so. Without it, just one breach could spell the end.

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Modern Restaurant Management

JANUARY 2, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. The artistry of chefs and the creativity of restaurateurs will continue to be at the forefront, while these tools become operational enhancers.

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Modern Restaurant Management

JUNE 1, 2020

Indeed, many businesses that were caught flat-footed are on the brink of closure due to disruptions in their daily operations. By having a crisis management plan in place, you can detect risks early and mitigate them before they disrupt your core operations. Operating system failure. What Risks Does The Hospitality Sector Face?

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Hospitality Insurance Food Supply Social Media 455

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 Bar 506

Modern Restaurant Management

OCTOBER 13, 2021

How do restaurant operators find efficiencies to minimize costs without degrading quality or service? One desirable option is to leverage low-power IoT solutions to deliver energy and maintenance efficiencies and reduce operational expenses. Each year, insurers pay out $2.5 billion for water damage claims. Staying Competitive.

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Food Safety Equipment Customer Service Point of Sale 614

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. For larger operators, especially those with multi-state operations, the analysis becomes far more complicated. Then look at their costs.

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