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New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Businesses that benefited from PPP loans were required to meet the “necessity certification” requirement and consider alternative sources of liquidity, while also taking into account “affiliated” businesses, prior to submitting a loan application. The PPP’s Necessity Certification and Affiliation Rules.

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Four Things Bar and Restaurant Owners Should Consider in their Coverage 

Modern Restaurant Management

With the laundry list of everything bar and restaurant owners need to handle on a daily basis, proper insurance coverage should be top priority. Proper communication with the insurance agent about all the ins and outs of the restaurant can help set up the policy right from the get-go.

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The Value of Joining Your State Restaurant Association

Goliath Consulting

Cost Savings and Exclusive Benefits Many restaurant associations offer discount programs and group purchasing options, leading to significant savings on essential services such as food supplies, insurance, credit card processing, and energy costs.

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Best Practices for Handling a Data Breach

Modern Restaurant Management

The complaints seek certification of a national class of persons affected by the breach. Restaurants should consider vetting third-party vendors to performing these functions, and ensure those vendors are properly insured. Restaurants should also consider their own insurance coverage for cyber risks. Are there any similar cases?

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Staying on Top of FDD Requirements for Risk and Insurance

Modern Restaurant Management

What may be overlooked within it are risk and insurance issues. Many franchisors have dedicated staff in charge of maintaining the FDD, although tech solutions are increasingly available, offering efficient, integrated and customizable tools for managing insurance and compliance requirements. And there’s a lot of value to that.

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How to Add Products to Your Restaurant’s Sales Mix

Modern Restaurant Management

If there are certain certifications you want your product to have, that can affect your choice of manufacturer as well. And for gluten-free or vegan—make sure your manufacturer is set up to follow all appropriate guidelines necessary to obtain the certification you need. Quality Control, Legal and Insurance.

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As Restaurants Reopen, Focus Sharpens on Risk Mitigation

Modern Restaurant Management

Don’t forget to secure their certificates of insurance, hold-harmless agreements and contracts. Consider contracting with established and qualified cleaning and disinfecting vendors to ensure your COVID-19 exposures are minimized. This might also be done more frequently. Employee Health Becomes a Top Priority.