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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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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. Health insurance, retirement plans (401(k)), paid time off (PTO) (vacation, sick leave, holiday pay), workers compensation, and meal discounts Training and onboarding. Occupancy costs.

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Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

In recent months, they have been advising clients on issues ranging from Paycheck Protection Program (PPP) loans to reducing and rehiring employees to recovering losses from insurance companies and renegotiating leases. Selvin (insurance and business interruption) and Elliot N. Other members of the new practice include: Randy S.

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How to Set Up and Run a Ghost Kitchen for Your Restaurant Business

Restaurant365

Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance. You’ll also need to check with your insurance carrier to ensure that you’re covered for off-premise activity. Control Inventory for Your Virtual Kitchen.

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How to Streamline Human Resources and Payroll in the Restaurant Industry

Restaurant365

for employers with 50 or more full-time employees and self-insured employers of any size. ServSafe Certifications. Some municipalities or restaurants require this certification for their management or employee-level positions, because it verifies basic food safety knowledge. Reporting is required. Bartender Licensing.

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How to Open a Bar: Comprehensive Guide on Starting a Bar

7 Shifts

These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance. You should also take consistent liquor inventory to understand how your bar is performing and what brands your customers prefer.

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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.