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Hotels, restaurants, and taverns offer what is referred to as hospitality services. These types of businesses incur additional types of risk over and above what other businesses do. Hospitality insurance policies are written to cover these unique risks and help businesses protect themselves from financial loss if an accident occurs. Hospitality businesses incur a variety of unique issues, including food poisoning, liquor liability, theft, and security.
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5 Important Benefits of Hospitality Insurance. Having a good hospitality insurance policy is the best way to reduce your overall liability.
A franchisee, which is a business that licenses the logo and services of a brand, needs business insurance based on the industry and franchisor. Different coverage arrangements exist for franchise operations, such as a franchise insurance program. Before getting the appropriate business insurance plan for a franchisor or franchisee, here are some essentials.
Many restaurants and bars open up outdoor areas for patrons during the spring and summer. Allowing for outdoor drinking and dining can help attract new visitors, but it also increases risks that should be covered by special insurance for bar and nightclub establishments.
If you are planning a concert, one of your first concerns should be securing the right live concert insurance. It will cover a wide range of potential mishaps. Here are 8 essential steps you must consider while planning a live concert.
Having a workers' comp policy in place will work for your business if you know how to utilize its benefits. Your insurance provider can guide you through the process of maximizing your policy's potential.
Bars, nightclubs, and taverns are often the go-to destinations for those who are looking to socialize, build relationships, or just have a drink. However, ensure you have the required coverages to stay protected against the common risk exposures of your liquor business.
Buying any type of business is a huge investment in your future. A sports bar that is already established can be exciting and rewarding. However, there is more to the proposal than simply buying a business. You need to learn as much as you can before you decide to put in an offer.
You’re prepared to move forward and construct your nightclub once you’ve finished perfecting your bar business plan, registering your enterprise, obtaining permits, figuring out your financing, and choosing a location. So what are your options, and where should you begin?
You’ll need restaurant equipment to serve drinks as part of your nightclub’s business plan and a lighting and sound setup to encourage people to dance all night.
If you already own a restaurant, then you know what it takes to make that type of business work. The primary difference you will need to deal with if you want to put a full bar in your business is dealing with alcohol-related restrictions. Once you know what you can and cannot do, the rest will fall into place easily. Have a plan in place and know what you want to accomplish in the future.
If you are planning to serve alcohol at your next event, you've likely brainstormed potential risks. Perhaps you are unsure whether you need insurance to serve alcohol at your event. Here's a closer look.
Owning and operating a hotel can be lucrative, but you may have to deal with numerous risks related to lodging, dining, and many more. With the right coverages in place, you can shrewdly protect your hospitality business from potential risks while mitigating financial losses.
In order to run a nightclub safely, you need to prioritize safety as an essential component of your operation. Your nightclub insurance will cover certain events, but it may need special extensions to suit your business plan. Here are insightful nightclub safety tips to help you and your customers feel more comfortable about the environment you offer.
Workers’ compensation insurance is required in almost every state, including NY. It is an expense that is part of doing business. However, there are ways to lower the cost of your premiums, so they are much more affordable. While you may be required by NY state laws to carry workers’ comp, you don’t have to go broke paying for it.
Rethinking the patron experience at your bar is one strategy you can use to make your bar stand out from the competition. Customers today increasingly demand that businesses personalize their offerings to their specific preferences while also offering them something more. As a result, numerous bars are searching for novel approaches to tailor the overall customer experience.
To be able to manage risks in the hospitality industry, one must have a basic understanding of those risks. Read on to learn about a few important areas that could seriously threaten your business.
Football season is a great way to capitalize on the sports crowd. Football fans will come in droves if you offer a festive environment and a few food and drink specials that they can really sink their teeth into. If you want to attract a steady crowd, you need to have the best specials in place to beat your competitors. Now is the team to boost your revenue by giving sports fans what they want the most- good food, great prices, and a fun environment!
Restaurant food safety involves maintaining a clean work environment free of germs and other contaminants. When you are dealing with food, poor food safety means that you are putting your customers’ health at risk. Poor food safety can lead to food poisoning, stomach complaints, and other unpleasant symptoms involving the digestive tract. The following five best practices will help protect your customers from experiencing any unpleasant surprises.
Winter weather can be challenging for restaurants, but proper preparation can help ensure that they operate successfully. Learn 5 Tips for Preparing Your Restaurant for the Winter
Businesses should take steps to protect themselves from liability resulting from alcohol-related crimes. Here are 5 reasons why you should consider assault & battery insurance for your business.
Restaurants have had difficult economic times in recent years due to the pandemic, supply chain & other factors. Here you will know more about how restaurant insurance will you.
Adult nightclubs owner should be aware that high traffic increases the likelihood of an incident. Adult nightclub insurance gives you a layer of protection if an accident occurs. Learn more
Learn about the measures required to operate a safe & compliant business that sells alcohol. Understand the regulations & how to protect your business from crime & liability.
Safeguard your nightclub business from risks and financial losses with essential insurance policies. Learn how to protect your nightclub business here.
Protect your restaurant from financial losses due to risks like fires and food poisoning with tailored insurance. Learn the top four reasons why it's a must-have here.
Learn more here about the importance of live music concert venue insurance for commercial property owners offering & ensure a successful event with the right insurance coverage.