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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.

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What Your Restaurant Needs in its Sexual Harassment Policy

Modern Restaurant Management

Employee rights Refer to your state’s employee rights and make sure to go over them in this section. The links provided are a convenience and for informational purposes only; they do not constitute legal advice or an endorsement or approval by Society Insurance of any of the statements, or opinions, or content of the organization.

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Restaurants Aren’t Raising Employee Medical Premiums, But Costs Are Going Up

Modern Restaurant Management

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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Just Launched: 7shifts Tip Payouts!

7 Shifts

Plus, organized record keeping makes compliance easier, ensuring you can quickly reference documents for law and tax purposes. 7shifts is also FDIC-insured , so you can feel confident knowing your deposits are backed by the full faith and credit of the United States Government. What are the requirements to use Tip Payouts?

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[Updated 2022] What Is Inflation Guard & Have There Been Recent Developments?

Society Insurance

One of the ways the insurance industry mitigates the negative effects of inflation is through what’s commonly referred to as inflation guard. Inflation Guard is the automatic annual increase in property values on an insurance policy to help keep up with rising costs of construction. What Is Inflation Guard?

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

On the other hand, non-current assets (also referred to as long-term assets) are those that cannot be readily converted to cash. Here’s how you can do it: Cost of goods sold (COGS) The Cost of Goods Sold refers to the costs directly associated with preparing and serving the items on your restaurant menu.

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April Is Sexual Assault Awareness Month: Here are Seven Items Your Restaurant Needs in its Sexual Harassment Policy

Modern Restaurant Management

Society Insurance put together seven items restaurants should include in their sexual harassment policy. Refer to your state’s employee rights and make sure to highlight them in this section. Society Insurance bears no responsibility for the accuracy or content of linked or cited material. Employee Rights.

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