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Post-Pandemic Insurance Liability Considerations All Restaurant Owners Should Be Aware Of

Modern Restaurant Management

Many restaurants turned to their insurance policies to provide protection for revenue reimbursement, (i.e., insurance proceeds for loss of revenue), but found the majority of insurance policies, unfortunately, did not / do not provide the coverage they anticipated. How Insurance Policies React.

Insurance 437
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2024 Emergency Planning for Restaurants

Modern Restaurant Management

Let us pass on the knowledge and expertise that we have gained in our 100+ years in the insurance business, so you can take a few things off your plate – and gain peace of mind. Restaurant and bar owners can mitigate these risks by hiring qualified professionals for installation, maintenance and cleaning service.

2024 474
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The Not So Great Resignation: Unseen Risks and Mitigation of Costs

Modern Restaurant Management

The problem this article addresses is the trickle-down of the “great resignation.” New employees who get hurt have no incentive to not pursue litigation as they do not care about staying in the job when every other restaurant in the county is hiring. Money is short and claims are perceived as payoffs.

Hiring 493
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Defects in Buildings: What Restaurant Owners Need to Know

Modern Restaurant Management

This article discusses some of the warning signs to look for, and what to do if you discover a potential issue. If you end up hiring someone to perform repairs, make sure they are licensed in your state and have adequate insurance to cover your project. Review your commercial property insurance policy.

Insurance 536
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Save Big: Top Restaurant Tax Deductions & Credits

Harbor Touch

Work Opportunity Tax Credit: Hire Smart Hiring veterans, ex-felons, or folks from empowerment zones? The Work Opportunity Tax Credit (WOTC) gives you up to 40% of their first-year wages, max $2,400 per hire. Example: A diner I know hired two vets, claimed $4,800. Staff pay: salaries, insurance, bonuses.

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Emerging Trends in Restaurant Benefits

Modern Restaurant Management

Likewise, forecasting costs and building budgets will mean understanding medical costs as well as the hiring market. In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent Our most recent article in MRM provides more detail on PTO strategies for the restaurant sector. More Technology.

Insurance 531
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The Employment Landscape is Messy: How Restaurants Can Ensure Compliance with Limited Resources

Modern Restaurant Management

The article you read from last year may be outdated. Employers often are surprised to learn their hiring and onboarding practices can result in lawsuits by applicants and unfavorable audits by government agencies. California employment law changes at warp speed. What was lawful on December 31 may not be on January 1.