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These issues have translated to the industry’s insurers as well – causing even more headaches for restaurant owners. The restaurant insurance market has seen rising costs to insure and as a result, carriers have come and gone from the market. We also recommend post-incident training to ensure incidents do not repeat.
Simplify Health Insurance Open Enrollment Health insurance is one of the most valuable benefits you offer, so make open enrollment a central, streamlined year-end activity. Bonus Tip : Create a simple FAQ document to address common employee questions about coverage options.
At All Solutions Insurance, we saw a recent claim in which a restaurant faced a multi-million-dollar lawsuit after over-serving a guest who later caused a fatal car accident. Prioritize Staff Training : Restaurants should prioritize structured alcohol service training to ensure employees can effectively identify and mitigate risks.
In addition, most restaurants should have business interruption insurance, and that insurance may provide some relief from economic pain. Business interruption insurance covers the loss of income that a business suffers after a disaster. Document Everything. Gather Your Complete Insurance Policy.
A carefully crafted Franchise Disclosure Document (FDD) and clear franchise agreements are key to setting expectations and maintaining transparency with your franchise partners. From managing cash flow to securing insurance coverage and updating contracts, the legal side of your business should never be overlooked or passive.
The pressures extend beyond balancing higher costs in an inflationary environment or the never-ending challenge of finding, training and keeping good staff. Just as challenging is keeping on top of federally mandated franchise disclosures contained in the Franchise Disclosure Documents (FDD). And there’s a lot of value to that.
As members of Sentry Insurance’s safety team, we’ve compiled several tips and resources with those risks in mind to help your restaurant experience a safer return. Before ramping up operations, conduct training meetings with staff to discuss your restaurant’s protocol for reporting injuries and symptoms.
Often the upsell from franchisors and service providers includes seemingly convenient, useful, and “free” extras like employee handbooks, wage and hour policies, and employment forms, but these one-size-fits-all documents are often tailored to federal law and don’t account for changes in California law.
Society Insurance put together seven items restaurants should include in their sexual harassment policy. Every situation is unique so this section shouldn’t be too detailed, but rather cover the steps of addressing, documenting, and completing the procedure. Definition of Sexual Harassment in the Workplace.
Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. It’s a continuing problem into 2024 for establishments that serve, making it critical to have adequate liquor liability insurance. Conflict resolution training is also a must. No surprises.
High turnover not only disrupts business operations but also leads to increased costs and time spent on hiring and training new staff. Train your managers well In the same survey we did for 1,500 active restaurant employees, nearly half of them mentioned leaving their jobs due to poor management. With an average turnover rate of 79.6%
Our research from over 1,900 restaurant professionals shows that the main reasons employees quit are due to poor training, bad relationships with managers, and lack of team-building activities. Doesn’t it make sense to create a restaurant employee handbook that encourages a positive workplace culture through teamwork and training?
Inform them of the training you have provided to your staff on these measures. Lastly, train your management on the foregoing. 3] Under the forgiveness requirements under the PPP, the borrower must have made a good faith, written offer of rehire, and the employee’s rejection of that offer must be documented by the borrower.
Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Minimize breakages.
Has a recent state law change made sexual harassment training mandatory, but you don’t know where to begin? For example, new legislation was passed that required all Illinois businesses to provide annual sexual harassment prevention training to all employees. Look no further.
For restaurants, which often hire freelancers such as chefs, event planners and marketing professionals, this means meticulously documenting freelance agreements to avoid disputes and costly legal repercussions. Ensure all freelance engagements are documented, detailing the scope of work, payment terms and deadlines. R – Review.
This document will outline your bar's concept, menu, marketing strategy, and financial projections. Sorting Out Paperwork and Licensing Below is a breakdown of the licenses and documentation you'll need: Business license : The cost of registering your business will vary by state and includes a registration and filing fee.
But there’s more to the process than just filing employee documents away and forgetting about them. In this article, we discuss the personnel file and necessary employee documents in detail and then give you tips and best practices to help you create the best recordkeeping system for your business. Table of contents. Medical file.
Document specific operational inefficiencies. User-Friendliness and Training Are your employees comfortable using the system, or does it require extensive training? Record any training challenges or ease of use feedback. Don’t forget to ensure they’re trained on how to access old and future pay stubs.
Table of Contents Efficiency Accuracy Security Cost Recordkeeping Training Trust & Transparency 1. Reliable digital payment platforms have built-in security features that protect against fraud and unauthorized access, as well as FDIC-insurance so funds are backed by the full faith and credit of the United States Government.
Employee income is better documented, allowing them to qualify more easily for loans. RASI has documented a 26% increase in employee retention for businesses that run weekly payroll, stemming from increased employee satisfaction. Health insurance plan opt-in forms. Forms for any retirement savings plans, such as a 401(k).
A full-service restaurant with liquor licenses and a well-trained staff may be more valuable than a small café Buyers might also be interested in niche concepts that stand out in the market, while generic concepts may fetch lower prices. These documents provide insight into how well your restaurant has performed financially.
I started pulling all these different resources to help people in my position, because now I didn’t have a job, I didn’t have any insurance,” he said. And even if they do, taking advantage of insurance-provided mental health care is still an uphill battle. Legal Resources.
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.
From choosing a concept and securing the necessary documentation to hosting your grand opening, we've outlined the complete process of opening a bar. This is because corporations require lots of documentation to be filed and have stakeholders, which isn’t something you want to go through as a first-time bar owner.
Most slip and fall incidents in the hospitality industry don’t result in an injury or a claim, but sometimes they do, so it’s best to train your staff to respond to all incidents the same way every time. Finally, report the incident to your agent and insurance carrier as soon as possible. Get Medical Attention.
Video: Alcohol Awareness Training. Referenced Documents: Incident Report Form. Why Bars Should Keep Surveillance Footage For Insurance Claims. The post Video: Alcohol Awareness Training appeared first on Hospitality Insurance Group. Responsible Service of Alcohol Policy. Alcohol Serving Policy.
Tools to Simplify Staff Training. According to a US Foods survey, over 50 percent of US Foods restaurant operators said their trained servers and staff play a direct role in effectively increasing check averages in their business.* A comprehensive training program. SpotOn Secures $50M Funding. SpotOn Transact, Inc.,
As a new initiative offering valuable education opportunities, business skills and training, and enhanced career prospects, Dunkin’ has launched a new partnership with Southern New Hampshire University (SNHU) to offer low-cost college degrees to its independent franchisees and their employees. First Watch Partners with Wisely.
Cultivating a library of tools for your new hires, such as company handbooks, checklists, and training manuals, can help you start off on the right foot. Teaching your policies, training your managers, and educating your employees about your code of conduct can help you respond quickly and transparently to any complaints that arise.
Thinking ahead, backup, clear policies and documentation are the key to good management and efficient operations. Adequate Insurance coverage – does it cover current risks and equipment? Any time the number ONE is beside a system, you could have a problem. Now is the time for avoidance – before the pressure is on.
In addition to the invitation for employment, this document typically includes a request that the prospective employee sign and return a copy of the letter, a separate employee confidentiality agreement and non-compete clause, and essential information the employee needs to know. Payment is on a [weekly, biweekly, monthly, etc.]
Career development is a foundational element of every good employee value proposition and can include activities such as: Leadership training Technical training Promotions Mentoring programs Tuition reimbursement Paid educational courses Travel opportunities. It’s a living document that will change over time. 3) Fringe benefits.
Check with your insurance broker It’s an excellent time to see what kind of coverage you have, what coverage you might need to extend (think Delivery Drivers), and what you have that will protect you now in the current climate. Take a look at some of the training videos we have put together to guide you through this process.
Do you know the legal procedure Have all the legal documents to start and run a restaurant, etc? Attend seminars, webinars, meet people who are already working in the industry have a healthy conversation with them, follow their strategies, if required join classes with your staff for training purposes. Why you wanna start a restaurant?
One of the biggest employee issues for small businesses is the lack of training for employees. Tight budgets and schedules hinder employee training in small businesses, but there is a solution: a Learning Management System (LMS). It Enables Personalized Training. It’s Easy to Store and Access Data. It Saves on Costs.
Keep all of your finalized documents in a centralized location Some permits and licenses will need to be posted in a place where they are visible to guests and employees, and others will need to be kept on site and presented to inspectors before and after you open. The ones that appear twice are permits, licenses, or proofs of inspection.
Expanding “off-premise” insurance coverage. Completing staff training. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Vehicle insurance. Your state (or multi-state).
Cultivating a library of tools for your new hires, such as company handbooks, checklists, and training manuals, can help you start off on the right foot. Teaching your policies, training your managers, and educating your employees about your code of conduct can help you respond quickly and transparently to any complaints that arise.
But if it’s something big, like a new hire arriving when or where no one was expecting them, not having a workspace ready on their first day, or training scheduled for a time when the trainer is unavailable, the employee is going to notice. Provide them with introductory training material. Lead them on a tour of the office.
The process is sometimes referred to as organizational socialization and includes collecting paperwork, orienting new hires within your company’s culture, and providing restaurant employees with hands-on training. Provide restaurant employee training on how to use these tools, and info on where they can go if they need more help.
You may consider requiring a separate deposit and providing a specific training for this equipment. Demonstrate proper cleaning through hands-on training. If so, you will want to arrange a walk-through and provide a separate terms of agreement document that covers key information from your kitchen policies and procedures document.
Retaining your employees doesn’t just save you time reviewing applications , interviewing, and training but also money. Training your staff is one of the many to-dos before opening a restaurant. It should be a living document that reflects the restaurant's commitment to creating a great workplace.
Gather all the necessary documents . Insurance & working capital. By carefully determining what you’re looking for, sourcing from the right places, and training your staff extensively, you will succeed in hiring first-class employees for your new casual dining restaurant in the UAE. . Choose a location .
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