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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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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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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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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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In Uncertain Times, Food Liability Insurance Helps you Prepare for the Worst

The Food Corridor

The way to mitigate the risk is to take out a robust insurance policy. However, anyone who’s dealt with an insurance broker probably knows how painful this experience can be. An insurance company’s job is to calculate risk and figure out how much to charge you based on the risk level of your business.

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As Restaurants Face Rise in Slip and Fall Suits, Simple Measures Can Mitigate Risk

Modern Restaurant Management

Create an Incident Report When an accident occurs, ask the customer to complete a written incident report and provide it to your insurance company immediately. Require your subcontractors to be proactive in their contractual duties. Any identified hazards should be addressed immediately.

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