A growing trend among patrons these days is having restaurants come to them as opposed to the other way around. Whether you’re primarily an off-premise restaurant or are looking to expand your services to be more competitive in the market, having insurance to protect yourself against possible liabilities is a must regardless of the situation.
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When you’re interviewing a candidate for a position, you might have an inclination to ask questions that violate federal and state equal opportunity laws because you’re trying to gauge the overall fit for the company.
Consider one of these scenarios. Your bartender is serving a patron on a busy Saturday night. She gets slammed with patrons left and right, so she doesn’t take the time to heed signs of intoxication. Slurred speech, droopy eyelids, and the holding of the head do not signal your bartender to stop and access the toxicity of the man at the bar. Eventually, he gets up, walks out, gets behind the wheel, and loses control of his vehicle, slamming into a young woman and daughter.
One thing we hear a lot when asking about life insurance is “I don’t need life insurance. I have coverage through work.” While it may be convenient to sign up for something that has no out-of-pocket cost or very little coming out of your bi-weekly paycheck, employer-provided life insurance coverage may not be enough to protect you and your family.
A recent research study by IBM Security estimates that the average cost of a data breach is $4.7 million. Each stolen record will cost a company $141, and the average size of data breaches according to a 2017 study, is 24,000 records. If you multiply $141 x 24,000 records you have incurred $33,840 worth of notification and recouping costs for your restaurant.
As an owner, you work long hours at your restaurant. A jack of all trades, you are cooking meals, calculating payroll, and taking payments on any given day. You’ve done these jobs so much that you can practically do them in your sleep. But did you know that the simple things can leave you liable for putting your patron’s data at risk?
Life is constantly changing. From marriage to becoming first-time parents, the many seasons of your life deserve a robust insurance plan to safeguard your financial assets. Life insurance works to protect you and your loved ones during times of change. Have you thought about your financial plan?
Health inspectors are a necessary evil in any restaurant business. No owner enjoys the scrutiny or power of a third party deciding whether you are ‘up to snuff.’ Many restaurant owners spend months preparing for the moment. They are said to come like thieves in the night for they give no warning of their arrival.
As start-ups can be akin to new, innovative business ideas, pop-ups can be attributed to creative chefs eager to make their dreams become reality. What is the link between start-ups and pop-ups? They’re test environments.
You and your family patronize a neighboring restaurant. The evening starts out nice and quiet but then grows increasingly noisy as more come and go. Between the cooks, wait staff thronging from table to table, and the competing conversations, you realize that the nice night out with your family has been hijacked by excessive noise. You grow disgruntled and swear to yourself that nothing like that ever happens inside your own restaurant. But does your assertion ring true?