Modern Restaurant Management

MARCH 20, 2020

Property Insurance + Business Interruption Insurance. Property insurance covers the replacement or repair of your business’s damaged physical property. Policies vary depending on the type of event leading to a loss and what, specifically, is insured. Business interruption starts where property insurance leaves off.

Insurance 184

Insurance Download Small Business Advertising 184

Modern Restaurant Management

JULY 11, 2023

Restaurant ownersmust understand their insurance needs to protect their investment. The impact of the pandemic on restaurant insurance and how restaurants have had to adapt their coverage to changing operations.

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Insurance Operations Management Management 68

Modern Restaurant Management

JUNE 23, 2021

But now as the cloud of COVID is starting to lift and things are going back to normal, it’s important to assess whether those things are actually covered on a restaurateur’s insurance plan. Reviewing current sales can help restaurant owners better reflect numbers to date, which can save them some money on their insurance.

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Insurance Bar Hiring Customer Service 165

Modern Restaurant Management

JULY 16, 2021

In this environment, smart and strategic risk management has never been more important. Various risks may complicate the restaurant industry’s continuing recovery – how well they are anticipated and managed will make a difference. Pandemic Pivots Still in Play. Risks to Look Out For. As the co-owner of two Asheville, N.C.

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Management Management Insurance Kitchen Safety 189

The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. One example is our restaurant remote management service.

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Modern Restaurant Management

JULY 15, 2022

The most important thing new owners should know about insurance coverage is that it’s a vital part of running their business. However, having proper insurance coverage is a huge part of protecting the business, and the ownership, in the case of an accident or incident. Getting insurance coverage is not just a box to check.

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Insurance Restaurant Law Hospitality Education 180

Modern Restaurant Management

APRIL 21, 2020

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. Gather Your Complete Insurance Policy. ” That’s just not true.

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Insurance Government Document Restaurant Law 217

Modern Restaurant Management

MARCH 31, 2020

For that reason, restaurant and business owners typically carry business income coverage, also referred to as business interruption coverage, which is insurance coverage intended to replace lost income in the event business is halted or interrupted for some reason, such as a natural disaster.

Insurance 122

Insurance Government Employee Relations Small Business 122

Hot Schedules

MARCH 15, 2021

Health Insurance Requirements for Small & Medium Businesses. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. According to the Kaiser Family Foundation , only 30 percent of US businesses with fewer than 50 employees provide health insurance to their workers. In short, no.

Small Business 109

Small Business Insurance Employee Relations Recruiting 109

Modern Restaurant Management

NOVEMBER 4, 2019

Between obsessing over food and finances, one key consideration shouldn’t fall through the cracks—restaurant insurance. Having trouble deciding what kind of insurance your restaurant needs? What is Restaurant Insurance? Why Do You Need Restaurant Insurance? What Does Restaurant Insurance cover?

Insurance 144

Insurance Food Truck Fine Dining Small Business 144

Modern Restaurant Management

JUNE 6, 2023

Be sure all your employees, from wait staff to managers to chefs, have been certified in food safety. Gain buy-in for the plan from the management team. This means including the CEO and the managers in safety training and ensuring they understand what’s at stake. Train your staff.

Food Safety 177

Food Safety Management Management Kitchen Safety 177

Modern Restaurant Management

JUNE 9, 2021

So as a restaurant owner or food service manager, how can you best minimize workers comp liability to allow summer 2021 to be the successful reopening of the economy that we are all ready for? First, we advise restaurant owners and managers to conduct research at the state and federal level to understand the rules that apply in their state.

Employee Relations 212

Employee Relations Management Management Insurance 212

Restaurant Engine

JULY 5, 2020

Most insurance companies have denied claims from restaurant owners resulting from the COVID-19 pandemic. Business owners counterclaim they are entitled to benefits in Business Interruption Insurance policies that protect against lost income after a covered peril affects a policyowner. A third victory arrived when the U.S. ” .

Insurance 121

Insurance Events Small Business Government 121

Modern Restaurant Management

MAY 1, 2023

That's why it's essential for restaurants to consider cyber liability insurance. Protecting your Restaurant with Cyber Liability Insurance Cyber liability insurance is a type of insurance that helps protect businesses from the financial losses associated with cyber attacks.

Insurance 203

Insurance Email Marketing Employee Relations Customer Experience 203

Society Insurance

OCTOBER 26, 2022

Odds are you understand why your auto insurance premium changes: as you age and become a less risky driver, your insurer is exposed to less risk, and your rates drop as a result. Below, we’ll explore some common drivers of restaurant insurance costs. Reinsurance, to put it simply, is insurance for insurers.

Insurance 52

Insurance Supplies 2021 Pricing 52

Modern Restaurant Management

NOVEMBER 8, 2022

An increase in these injuries could result in higher insurance rates in the long term; in the short term, they disrupt your ability to operate at peak capacity and could negatively impact the morale of all employees. There are several reasons why new employees may be incurring more injuries: Poor hiring choices.

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Management Management Food Safety Hiring 201

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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Insurance Hospitality Cash Management Bar 114

Modern Restaurant Management

OCTOBER 16, 2020

As the surviving restaurants reopen and attempt to regain solid financial footing, many will look to their business insurance policies to try to recoup the income they lost. The virus or bacteria exclusion is a common exclusion added by many insurers after the global SARS outbreak in 2006. In Henry’s Louisiana Grill, Inc.

Insurance 145

Insurance Serving 2006 Sustainability 145

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. A non-admitted insurance company has not been approved by the state’s insurance department.

Insurance 132

Insurance Bar License Entertainment 132

Sling

JANUARY 25, 2023

Regardless of the type of business you run or the size of the team you supervise, a human resource management system can help you keep everything running smoothly and your organization on the road to success. Table of contents What is a human resource management system? There is not. That hybrid was HRIS.

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Management Management Insurance Tip Distribution 78

Hospitality Insurance Group

OCTOBER 27, 2018

Insuring The Liquor Business. Title: President and CEO, Hospitality Insurance Group. For the last three decades, Richard Welch has held a variety of roles in the insurance industry in Massachusetts and Connecticut. After Travelers, Welch spent a few years as an independent consultant before joining Concord Mutual Insurance Co.,

Insurance 60

Insurance License Restaurant Law Travel 60

Modern Restaurant Management

MARCH 5, 2024

Safety training and creating a culture of safety are both critical for mitigating these risks, helping restaurants establish environments that protect staff and customers, which also goes a long way toward keeping insurance premiums low and protecting the bottom line. Encourage Managers to Lead by Example Safety starts at the top.

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Training Food Safety Employee Relations Insurance 167

Modern Restaurant Management

DECEMBER 27, 2023

Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. Those restaurant organizations that closely monitor and manage such existing and emerging risks will be best positioned to ride out the turbulence. Here’s an overview. No surprises.

2024 117

2024 Insurance Recruiting Restaurant Law 117

Modern Restaurant Management

MAY 29, 2020

In what has been a closely watched case, a court in France recently ruled that France’s largest insurer must pay on a claim brought by a restaurant forced to shut down due to the COVID-19 outbreak. Many insurance companies, however, have already begun to signal their intent to deny pandemic-related claims.

Insurance 122

Insurance Ordering Employee Relations Restaurant Law 122

Modern Restaurant Management

AUGUST 10, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings.

Management 180

Management Management Cash Management Healthcare 180

Restaurant365

OCTOBER 15, 2021

However, store managers can optimize labor costs if they have access to the right data. With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Total labor cost. Salaried Employees.

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Management Management Point of Sale Employee Relations 148

Modern Restaurant Management

MARCH 9, 2023

Society Insurance, which provides coverage to the hospitality industry, has put together four tips on how restaurants and bars can help create a safer environment on St. Failure to manage the commercial sale of alcohol could threaten the success of a business due to increased liability exposure, both criminal and civil. Take a buddy).

Bar 180

Bar Insurance Restaurant Law Point of Sale 180

Modern Restaurant Management

JUNE 14, 2022

Then we’ll review the best strategies for plan cost management. Self-insurance is not for every employer, and the components must be properly constructed to generate savings and simultaneously, manage risks. Stop loss coverage : A self-insured plan will need protection from high-cost claims, i.e., stop loss insurance.

Insurance 183

Insurance 2022 2023 Article 183

Sling

MAY 14, 2022

Employee value proposition defined Elements of an effective employee value proposition Tips for creating a compelling employee value proposition Build value with strong team management. Employee benefits include extras such as: Paid time off Health insurance Retirement funds Parental leave. Build value with strong team management.

Management 78

Management Management Employee Relations Insurance 78

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. ” Get to Know PPP Loan Insurance. To obtain PPP loan insurance, applicants must submit: Analysis of how the affiliation rules apply to the business.

Insurance 161

Insurance Certification Audits Small Business 161

Restaurant365

AUGUST 19, 2021

While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. When you can integrate your restaurant inventory management with your accounting, you can develop better inventory control while also achieving a more detailed picture of your finances.

Inventory 147

Inventory Management Management Employee Relations 147

Sling

DECEMBER 3, 2021

You can’t manage what you don’t measure. In this article, the management experts at Sling answer your questions and tell you everything you need to know to optimize labor costs, stay on budget, and manage your business better. In some states, the employees themselves purchase this type of insurance through a private carrier.

Management 146

Management Management Tip Distribution Employee Relations 146

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. Promotes proactive decision-making Restaurant owners and managers must adapt quickly to be successful and retain their competitive advantage.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Modern Restaurant Management

NOVEMBER 16, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Stop Loss Coverage Is Risk Management. On a basic level, stop loss insurance provides protection against catastrophic or unpredictable losses. a lower deductible).

Insurance 201

Insurance Cash Management Healthcare Innovation 201

Sling

MAY 22, 2020

Employee turnover is an invisible issue that most managers tend to neglect. But if you want your business to succeed, you need to understand employee turnover and be able to manage it for the better. How To Manage Employee Turnover. The post Employee Turnover Explained: What It Is And How To Manage It appeared first on Sling.

Management 144

Management Management Employee Relations Insurance 144

Sling

AUGUST 17, 2020

In this article, the workforce management experts at Sling introduce you to this unique employee classification and give you tips for managing them in your business. Insurance Salesperson. Statutory Employee Management Tips. Statutory Employee Definition. Home Worker. A home worker (a.k.a. 1) Talk To A Tax Professional.

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Definition Management Management Tip Distribution 78

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. Costantino, Senior Content Marketing Manager and Host of The Pre-Shift Podcast at 7shifts, told Modern Restaurant Management magazine.

Insurance 112

Insurance Magazine Training Operations 112