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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. According to the National Restaurant Association , the dining industry should generate $899 billion in revenues in 2022. That’s up from $640 billion in 2020. Food Delivery Issues.

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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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2021 Restaurant Insurance Outlook: Updated

Modern Restaurant Management

restaurant scene. restaurant sales experienced a “healthy” increase in total sales in July, 2021, according to Restaurant.org. ahead of the February, 2020 pre-pandemic timeframe ($70.6 ahead of the February, 2020 pre-pandemic timeframe ($70.6 “The pandemic hit restaurants across the U.S.

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July/August 2020 Legal Update

Modern Restaurant Management

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Under the ruling, California restaurants may still not serve foie gras to California consumers. Litigation.

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How Business Insurance Could Save Your Restaurant from COVID-19

Modern Restaurant Management

This world-altering development—part of a rational and effective public health strategy to slow the spread of disease and help our health care system cope with the devastating illness—has also been a widespread and immediate economic disaster for the nation’s restaurant and food service sector. Document Everything.

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Avoiding the Four Biggest Traps of Restaurant Payroll

Modern Restaurant Management

While these cases may be on the more extreme side, restaurant owners have to be careful not to fall into any traps when it comes to payroll, as even accidental violations could still yield big penalties. Staffing levels have been on the upswing since the dark days of the pandemic, with the number of jobs at bars and restaurants up nearly 0.7

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Things That Go Bump in the Night for Restaurant Owners

Modern Restaurant Management

Things that go bump in the night for restaurant owners look a lot different than for the average Joe and Jane. Ahead of Halloween and spooky season, Society Insurance explores some of the scary factors, some more rare and some more common, that can affect premium rates. Insurers spread the risk through reinsurance.