One thing that bonds people on the weekends is a nightclub. The lights, music, and meeting up with friends is the perfect way to unwind after a long week. Those who own nightclubs are thrilled by this activity because it means they will be able to pay the bills. From cover costs to drink sales, having people in your nightclub is great news. However, it can go too far. An overcrowded nightclub can lead to a moving liability. Some of the basic risks that become more of a threat as the attend increases are: Injury risks from not enough space Inability to control a crowd Fire hazards Property dam ..read more

Running a restaurant is hard work. There are menus to write and adjust, inventory to manage, and the business side of operations is a lot of paperwork and money management. A restaurant owner is always trying to balance costs with profits to make everything else work. One tip for restaurant owners to know is that lowering the insurance premiums for a business is not as hard as it seems. All it takes is a few updates. Why Do an Update? For companies who sell insurance for bars and nightclubs, the cost of doing business all comes down to weighing potential risks. There are small risks involved w ..read more

Restaurant, bar, and nightclub owners are responsible for keeping their properties safe for their patrons who are eating, drinking, or having fun there. This means it’s possible for them to be held responsible for certain occurrences on the premises. Most of these occurrences, though, are things that the owner should be able to control. I.e., spills that lead to slips and falls, poorly lit parking areas that cause problems, improperly prepared food, neglected upkeep, etc. In all these cases, an injured patron will need to show that your establishment essentially created the hazard, had knowled ..read more

Opening Your Food Truck Business A very popular trend in the food industry is owning a food truck. The food truck scene has been an ongoing trend in big cities for decades, but it has grown to become a worldwide foodie trend. If you are looking into starting your own food truck business, here are three great tips to consider so your business can be successful. Do Your Research It is important to research the area you plan to serve food. What food options are already around? What has or has not been successful already? How much competition is in the area? These questions are important to crafti ..read more

Have Past Restaurant Insurance Claims? Here’s How You Can Still Get a Decent Rate Restaurant insurance is an important business cost for restaurants and bars. The insurance available to purchase helps cover a lot of different accidents and scenarios. Restaurant owners are wise to seek insurance that helps to cover many common problems in the industry, which can add up to create big financial problems. When it comes to insurance, the price of a policy is important. It is factored into business costs and has a direct effect on the bottom line. Many owners try to never make a claim because they a ..read more

We all hoped that the economic challenges that hit everyone in 2020 would somehow return to normal in 2021, but, unfortunately, that doesn’t seem to be the case. Anyone who is preparing to renew their insurance policies or get new coverage needs to understand how the current market and economic landscape is going to impact their future premiums. According to some, the current economic situation isn’t something the market can just bounce back from and act like nothing happened. This, unfortunately, means that the hard market is going to continue and we’re all going to have to face some definite ..read more

How Other World Events Affect Insurance Rates Many business owners find it challenging enough to get the right restaurant and bar insurance just based on the risk factors that are directly related to their location and activities. Most of us never think that we have to consider how other world events taking place somewhere out there might affect our insurance rates. However, there are some instances in which these events could have a direct impact on your premiums. It may be hard to imagine, but is it possible that the wildfires in California are going to increase your rates? Could the hurrica ..read more

What Is the Right Insurance Type for Your Needs? Restaurant, bar, and nightclub owners have to budget very carefully to ensure that their needs are met while they remain profitable. This is particularly true when we’re talking about the type and amount of insurance coverage these owners need to protect their establishments. Too often, businesses end up with insurance they don’t actually need, or they find out too late that they never had the right type to begin with. So, to get started, let’s take a look at some of the most common needs that owners face and then get into the types of insurance ..read more

The entire country saw restaurants take a giant hit during 2020 because of the pandemic. Workers had to be laid off or furloughed while restaurants and bars were shut down. Even businesses who found creative ways to keep their food cooking had to downsize in some way to accommodate the changes. According to Restaurant.org, the entire industry lost approximately $280 billion during the first 13 months of the pandemic. While 2020 was hard for restaurants, 2021 has been a different story. Many businesses are seeing higher sales than their pre-COVID numbers in February 2020. This is despite the c ..read more

While your state and local governments may or may not require your establishment to have certain security systems, it’s almost a given that you can’t get good bar insurance without them. Does your bar have a reliable system? Do you have camera coverage over the important areas of the building? Are you minimizing the risks of fires, burglaries, and liquor liability claims? Whether the local ordinances require you to have a security system or not, you need to be aware of what your insurance policy requires. These cameras and alarms can protect you in certain situations, and they can help your in ..read more