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Bridging the Gap: Integrating Legal and Insurance Considerations into Restaurant Cybersecurity Response

Modern Restaurant Management

Golden Corral's August 2023 network breach affected 183,000 current and former employees, with hackers accessing everything from Social Security numbers to health insurance details. Yet many restaurant operators remain underprepared when it comes to integrating legal and insurance considerations into their cybersecurity response plans.

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Serve and Sip Responsibly: Tackling Restaurant Liquor Liability Concerns

Modern Restaurant Management

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. In addition to ID scanners, point-of-sale (POS) system alerts can notify staff when a guest has reached a pre-set drink limit, helping to prevent over consumption.

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Leveraging POS Systems to Future-Proof Your Restaurant and Maximize Profits

Modern Restaurant Management

To combat these obstacles among countless others, leaning on point-of-sale (POS) solutions can empower restaurants to quickly leverage new features to maximize profits in a fluctuating service economy. Additionally, many restaurants are expanding to include traditional benefits such as health insurance and retirement savings plans.

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Restaurants Under Attack from Cybercriminals: How to Protect Your Business

Modern Restaurant Management

That's why it's essential for restaurants to consider cyber liability insurance. For example, POS systems have proven to be particularly vulnerable. 75 percent of all data breaches that impacted restaurants originated from a compromised POS system. Why Are Restaurants Vulnerable to Cyber Attacks?

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The Keys to Offering Both In-House and Third-Party Delivery

Modern Restaurant Management

“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. Direct All Orders to Your POS.

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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

It factors in all your operating expenses, like labor, rent, insurance, equipment repairs, marketing, and more. came to $35,000, and your operating expenses (labor, rent, insurance, etc.) Use a restaurant profit margin calculator, POS reports, and your analytics to see exactly where your money is going. added up to $60,000.

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Best Practices for Handling a Data Breach

Modern Restaurant Management

Restaurant chains are also subject to claims associated with customer information being stored in POS systems, which has also been the subject of class action claims (Chili’s restaurants is an example). Restaurants should consider vetting third-party vendors to performing these functions, and ensure those vendors are properly insured.