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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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How To Attract Restaurant Employees In 2024: 10 Proven Techniques

7 Shifts

Offer comprehensive benefits to restaurant workers In addition to wages, make sure to outline the benefits you offer, such as health insurance, paid time off, or employee discounts. For instance, a job listing for a line cook might state, “$17 per hour, health insurance, paid sick days, and employee meals included.”

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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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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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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

This means the bank is partially "insured" in case somebody is unable to repay them. You should also have a sample menu itemizing costs and prices of all the dishes you plan to serve as well as copies of any permits, licenses or certificates obtained from municipal authorities.

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Ready for Takeoff: The Promise and Challenges of Restaurant Drone Delivery

Modern Restaurant Management

Federal Aviation Administration (FAA) regulations require that drone obtain a remote pilot certificate. However, restaurants seeking to capitalize on this new technology must navigate the aviation and privacy laws governing commercial drone operations.

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