Remove Article Remove Insurance Remove Management
article thumbnail

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
article thumbnail

2021 Restaurant Insurance Outlook: Updated

Modern Restaurant Management

For the original article, click here. With restaurants clawing back and facing new challenges like vaccine credentials and new COVID variants, it’s a good time to check on an equally important, if less prioritized corner of the American dining and drinking sector – restaurant insurance. restaurant scene. On the upside, U.S.

Insurance 493
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Modern Restaurant Management

Last month, our article summarized the “state of the market” for employee benefits in the restaurant sector. Then we’ll review the best strategies for plan cost management. In our last article in MRM, we noted that none of our restaurant groups raised employee medical premiums for the 2022 plan year.

Insurance 457
article thumbnail

What Restaurant Groups Need to Know about Managing Prescription Drug Expenditures

Modern Restaurant Management

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings.

article thumbnail

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. Manage Access to Keys : Only distribute exterior-door keys to employees who must have access. This article is not a template.

2024 474
article thumbnail

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. This section should discuss how management and/ or HR will handle the sexual harassment complaint, step-by-step. This article is not a template. Definition of Sexual Harassment in the Workplace. Be as detailed as possible.

Insurance 450
article thumbnail

Emerging Trends in Restaurant Benefits

Modern Restaurant Management

In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent Voluntary supplemental insurance plans, accident, critical illness, and hospital indemnity for example, remain popular in the restaurant sector. With the rise in the general inflation rate, will it be this low? percent rate of increase.

Insurance 531