Modern Restaurant Management

AUGUST 31, 2021

With the laundry list of everything bar and restaurant owners need to handle on a daily basis, proper insurance coverage should be top priority. With the guidance of a skilled agent that is well educated in the hospitality industry, bar and restaurant owners should be able to let the experts lead the way.

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Modern Restaurant Management

APRIL 21, 2020

The hospitality industry is no exception and it appears as if there are both good times and bad times ahead. In the short run, COVID-19 has taken a significant bite out of the hospitality industry, but there does appear to be some light at the end of the tunnel.

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Modern Restaurant Management

NOVEMBER 11, 2019

It is important for restaurant, tavern and bar owners to have the right insurance, however, there are so many different types of policies, and even when you zero in on what is needed, the options are often complex and difficult to compare. You are in the hospitality business. Non-Admitted Insurance. Non-Admitted Insurance.

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Modern Restaurant Management

DECEMBER 23, 2021

While businesses in the hospitality industry provide a fun and relaxed atmosphere for clientele to briefly escape their everyday routines, it’s also their responsibility to keep their patrons safe. Shockingly, the average cost of a bar fight claim is $109,678.25 (based on Society Insurance information). 31 and beyond.

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Modern Restaurant Management

JULY 28, 2020

Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. Restaurants and other hospitality businesses took in more than $42 billion in U.S. ” Get to Know PPP Loan Insurance. percent of total distributed loans.

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Modern Restaurant Management

DECEMBER 16, 2021

This is why next year, operators will offer more benefits like hiring incentives, higher hourly wages, health insurance, paid time off, earned wage access (EWA) and more to not only hire fresh labor, but retain top talent. It isn’t unemployment benefits giving employees pause: it’s underappreciation.

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Modern Restaurant Management

OCTOBER 19, 2023

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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Modern Restaurant Management

JUNE 14, 2022

Since that publication, there’s even more disturbing news: a recent Wall Street Journal article noted that due to the high cost of labor, hospitals are considering significant cost increases—even considering breaking current PPO contracts.

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Modern Restaurant Management

JULY 16, 2021

In this changing environment, the right and adequate amount of insurance protection has never been more important. There’s a price for the unrelenting barrage of natural disasters, and it’s making excess liability insurance hard to find above standard liability limits.

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Modern Restaurant Management

OCTOBER 3, 2024

Society Insurance has been working alongside business owners for more than a century, seeing first-hand the devastating effects a fire can have on the establishments that make communities great. ” is one word no one wants to hear in a hospitality business, and it is the call in the night that owners and managers never want to receive.

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Modern Restaurant Management

JULY 14, 2023

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy? These are often excluded from standard policies and be potentially costly.

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Modern Restaurant Management

MARCH 9, 2023

Though businesses in the hospitality industry provide a fun and relaxed atmosphere for clientele to briefly escape their everyday routines, it’s also their responsibility to keep their patrons safe. This information does not amend, modify or supplement any insurance policy. Patrick’s Day and year-round.

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Bar Insurance Restaurant Law Point of Sale 450

Modern Restaurant Management

JANUARY 2, 2024

. – Jay Fiske, President, Powerhouse Dynamics The Future is here – Robots will become a larger part of society In 2024, I anticipate an increase in the number of robots deployed in the hospitality industry, especially in terms of cleaning, cooking and security robots. The hospitality industry suffers the most from labor shortages.

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Modern Restaurant Management

SEPTEMBER 6, 2022

While businesses in the hospitality industry provide a fun and relaxed atmosphere for clientele to briefly escape their everyday routines, it’s also their responsibility to keep their patrons safe. Shockingly, the average cost of a bar fight claim is $109,678.25 (based on Society Insurance information).

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Bar Insurance Restaurant Law Point of Sale 450

Modern Restaurant Management

FEBRUARY 24, 2022

The hospitality industry took a massive hit in the height of the pandemic; while certainly not the only segment of our economy that got a smackdown, it seems the punches are never-ending. Companies within the hospitality zone cannot fix the core issue, which is a gross lack of workers wanting jobs in our industry.

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Modern Restaurant Management

MARCH 18, 2020

” The Association proposed three separate categories of protection for industry restaurants and employees: directed/targeted financial relief; loans/insurance options for impacted small businesses; and tax measures. Loans/Insurance Options for Impacted Small Businesses. Federal Loan Program Equal to Lost Revenue.

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Modern Restaurant Management

DECEMBER 21, 2023

In the hospitality industry, the last thing you want is a phone call from the alarm company at an early morning hour about a fire, break-in or other disaster at your business. Society Insurance bears no responsibility for the accuracy or content of linked or cited material. Picture this – it’s 5 a.m.

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Modern Restaurant Management

SEPTEMBER 21, 2021

This is the appropriate strategy for a smaller operator with a single restaurant or with a limited number of restaurants that has to be fully insured. In addition, a hospitality company needs to understand how their carrier partner can assist with growth. The brokerage approach focuses on a simple analysis of per unit cost.

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Modern Restaurant Management

DECEMBER 7, 2021

For leaders in the restaurant and hospitality industry, now is the time to adapt. No longer will it be sufficient to simply offer benefits like paid leave, childcare assistance, and health, dental and vision insurance. For leaders in the restaurant and hospitality industry, now is the time to adapt.

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Modern Restaurant Management

MAY 18, 2022

In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent Voluntary supplemental insurance plans, accident, critical illness, and hospital indemnity for example, remain popular in the restaurant sector. With the rise in the general inflation rate, will it be this low? This compared to 5.0

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Modern Restaurant Management

MARCH 13, 2020

The hospitality business is particularly hit hard by the war for talent and the turnover is pretty high and difficult to manage. If providing health insurance is not in your budget, what if you were able to give them access to high-quality, truly affordable healthcare? Click here to learn about hospitality-specific programs.

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Modern Restaurant Management

JULY 1, 2020

shows that consumers feel safer when hotels and restaurants raise their cleaning protocols to include hospital-grade disinfectants and third-party audits. Hotel guests said they feel “extremely safe” knowing a hotel room is cleaned with hospital-grade disinfectants compared to leading consumer brands1.

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Modern Restaurant Management

APRIL 7, 2020

Ensuring business interruption insurance covers COVID-19. Right now, restaurants aren’t receiving the benefits they deserve from insurance companies. There are five million hospitality businesses on Tripadvisor that need help. ThePlateFund Provides Relief.

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Modern Restaurant Management

MAY 17, 2024

According to Culinary Hospitality Outreach Wellness, 63 percent of hospitality workers suffer from depression, 84 percent feel stress from their jobs and 65 percent report using substances at work. This means that it: Requires inpatient care or an overnight stay at hospitals or other treatment facilities.

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Modern Restaurant Management

DECEMBER 26, 2024

For more than 100 years, Society Insurance has been providing coverage to hospitality businesses. To commemorate the start of 2025, we compiled four trends that could dominate conversations surrounding hospitality businesses longevity this year. This information does not amend, modify or supplement any insurance policy.

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Modern Restaurant Management

NOVEMBER 16, 2023

Lack of health insurance isn’t considered one of the major reasons the hospitality industry has, according to the U.S. One of the major ways to invest in employees is through health insurance, something only about 30 percent of restaurants provide. Bureau of Labor Statistics, a churn rate north of 70 percent.

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Modern Restaurant Management

DECEMBER 21, 2023

From the seasoned craft beverage consumer to the newest consumers in the hospitality environment, the favorability toward “fresh,” “local,” and “locally sourced ingredients” is still a profit-driver you don’t want to give up. Why such a “hard” insurance market?

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Modern Restaurant Management

DECEMBER 27, 2023

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. Here’s an overview. But it’s hard to get and very costly.

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Culinary Cues

MARCH 19, 2020

Keep in mind that everything will change as we eventually claw our way out of this crisis. Set aside the need to focus on degrees and push for training in fields that will need a better-prepared workforce in the coming few years. [] There are, and there will be even more Americans who are nutritionally disadvantaged.

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Modern Restaurant Management

MARCH 31, 2022

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Recent opinions in favor of insurance companies include a March 16, 2022 unpublished Ninth Circuit pane opinion in Steven Baker v. Litigation.

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Modern Restaurant Management

JUNE 14, 2024

Team members are seeking more of the benefits typically associated with 9-5 jobs, like health insurance, paid sick days, vacation and retirement accounts. Employees in hospitality aren't just stopping by; many are looking for long-term careers with growth opportunities. "Our

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Modern Restaurant Management

SEPTEMBER 3, 2021

Data from the Food and Drug Administration (FDA) estimates that 48 million cases of foodborne illnesses occur annually, resulting in around 128,000 hospitalizations and 3,000 deaths. This month, put food safety first and take steps to help prevent food poisoning from occurring.

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Modern Restaurant Management

SEPTEMBER 22, 2021

Of course, owners and developers often have large amounts of money on the line and are focused on maximizing investment, especially in the hospitality and leisure industry. Which parties involved have their own insurance, and what do the policies cover? Construction projects always begin with success in mind.

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Culinary Cues

SEPTEMBER 30, 2024

During an election year there is always a focus on what both parties call: “kitchen table issues” – the cost of groceries, mortgage, insurance, child-care, energy, and education, and how much is left for disposable income to be spent on the things we would like to do vs. what we have to do. This is not a place where restaurants want to live.

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Modern Restaurant Management

FEBRUARY 25, 2020

A hospitality business can file a worker’s compensation (WC) claim if a worker contracts the coronavirus and unknowingly brings it to work, putting other employees and customers at risk. Additionally, reach out to your insurance broker or workers compensation expert for more informatio. The answer is yes.

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Hospitality Insurance Group

JANUARY 6, 2021

Hospitality Insurance Group is launching a new program that will give bars, restaurants, and any other eligible liquor liability policyholders more flexibility in how they pay their insurance premiums. said Sandra Haley, Senior Vice President of Underwriting and Marketing at Hospitality Insurance Group.

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Modern Restaurant Management

MARCH 10, 2020

Additional research by Perkbox , an organisation that focuses on employee satisfaction, found that 64 percent of hospitality workplaces don’t offer any solutions to alleviate feelings of stress. A lot of young transitional workers are in the catering industry, so there aren’t many benefits such as health insurance.

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