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restaurant going green

How Your Restaurant Can Go Green

With federal legislators and the executive branch failing to bring about urgently needed environmental reform, the onus to act is falling on corporations, small businesses, and individuals. Everyday consumers expect and demand that the companies with whom they choose to do business launch green initiatives and adopt environmentally friendly practices. This is particularly true in the restaurant industry, which is better positioned to go green than in other sectors. Here are some ways that your restaurant can go green to win over more customers, reduce operational expenses, and contribute to the most important cause in all of history: saving the planet.

  1. Green Food Packaging

Contrary to what most people think, traditional plastic packaging usually doesn’t really get recycled. The United States’ ability to process plastics recycling is very limited. China used to process the majority of the United States’ plastics material but has ceased to accept them. Non-plastic food containers are not expensive, and they’re typically made of better quality materials.

  1. Water Conservation

A restaurant going green has to take measures to prevent water waste. Using low-flow meters and dishwashers is an excellent way to conserve water in your restaurant.

  1. Energy Efficiency

Restaurants can purchase or lease energy-efficient appliances to use less power. LED lighting requires significantly less electricity than traditional lighting. Energy efficiency not only helps the environment, but it also brings down your monthly energy bill and makes your restaurant more profitable.

Commercial laundry industry

Limiting Liability in the Commercial Laundry Industry

Commercial laundry is a growing industry. It encompasses coin laundries, dry cleaners, and in-house operations such as those at hotels, spas, and hospitals. Commercial laundry industry caution that liability issues can grow along with operations.

What Risks Do Commercial Laundry Operators Face?

  • Injuries to customers on your premises
  • Equipment breakdown or failure
  • Loss of income resulting from power failure or a natural disaster
  • Damage to buildings caused by flooding from a burst pipe
  • Damage to personal property of customers caused by a machine malfunction

What Are the Best Ways To Limit Liability?

Much like any business, a commercial laundry will need to protect against general liability and carry necessary coverage for workers. You should also take steps to limit your industry-specific liability.

Develop and implement workplace safety and accident prevention plans. Be sure they include proper signage for customers to highlight equipment operation and how to maintain a safe public area. Employees should always receive proper training in equipment use.

Carrying specialty insurance custom-tailored for the laundry industry is an absolute must. This will allow you to replace or repair equipment that is damaged due to power surges, help replace income when you are forced to cease operations for circumstances beyond your control and help cover expenses related to claims made against your business.

Industry leaders expect coin, dry cleaning and other commercial laundry operations to grow in the near future. Business owners and operators should know and implement best practices that can mitigate risk and liability.

cannabis-dispensary

3 Types of Insurance a Cannabis Dispensary Needs

Although new developments occur in the cannabis industry nearly daily, it is still quite misunderstood in some circles. For this reason, risk management is essential for anybody operating within the industry. Purchasing the correct cannabis insurance coverages is one of the most important methods.

  1. General Liability Insurance

The first policy your cannabis dispensary needs is general liability. You never know what could happen while a customer or employee is on the property. General liability protects you if someone is injured at your dispensary by covering some or all costs related to property damage, personal injury, medical payments, and legal defense.

  1. Product Liability Insurance

Naturally, your cannabis products undergo rigorous testing to ensure safety and quality. However, no system is error-proof, and product liability insurance protects you in case a customer claims one of your products caused him harm or injury. The coverage handles legal fees or settlements outside of court.

  1. Crime Insurance

Like any other business, a cannabis dispensary is at risk of falling victim to a crime. Crime insurance protects you from criminals, whether clients or employees. You can use it to cover inventory replacement or in a number of other situations, depending on the policy’s specifics.

Protect your business to ensure your success. Never open the doors to your cannabis dispensary until you have the proper insurance policies in place. Your agency can help you determine which coverage best meets your needs.

Nonprofit Organization

A Surprising Way to Promote Trust at Your Nonprofit

Though many people go to work for a nonprofit because they value the types of services they provide or causes they support, employee and volunteer trust is not necessarily a given. Creating an environment that establishes transparency in company practices helps to develop trust at all levels of the organization. One surprising way to open the doors to transparency is by encouraging incident reporting in nonprofits.

Open a Dialogue Around Risk Management

Filing incident reports is often an established procedure and employee responsibility. However, there are several reasons employees and volunteers neglect the process. As reported on https://visvolunteers.com, opening up communication on the shared responsibility for risk management across the organization can reduce barriers to incident reporting, such as:

  • Fear of negative impacts on an individual’s or company’s reputation
  • Concerns that issues will not be addressed
  • Fear of negative repercussions for the reporter
  • Concerns over the strength of the reporting system

Regularly inform organization personnel about the importance of filing incident reports to the improvement of company practices. When incident reports are filed, follow up with the individual who filed it, acknowledging its receipt and, if possible and appropriate, any steps that were taken to address any issues revealed in the report. Encouraging incident reporting in nonprofits helps to increase organizational transparency and employee and volunteer trust.

Marine Insurance

Common Provisions in Marina Contracts Boaters Should Know

When you buy a new boat, one thing you need to consider is storage and use. If you don’t have a dock, you may want to look at leasing space at a marina slip. Here are some things to know about marina slip contracts.

Liability Insurance

The insurance firm Merrimac Marine Insurance states that many marinas require liability insurance as part of their slip contracts. A minimum limit may be required for liability coverage. In addition, most marinas require the boat to be registered.

Use Rules

The contract likely has use rules such as boat operability. Some marinas include provisions for the number of times per year the boat must leave the slip. In fact, inoperable boats may not be allowed in some marinas.

Additional Fees

Not everything is likely to be included in the rental price. You may have to pay additional fees or line items as part of the contract not listed as the rental price. There may be fees for late-payments or early cancellation.

Termination Clauses

Most contracts include termination clauses. A common one is that if you fail to follow the rules, the marina can cancel the contract.

Understanding marina slip contracts can ensure you know exactly what you are paying for. The last thing you want is to face a fee you didn’t realize you would pay. A good contract is for the benefit of the marina and boaters.

Cannabis Industry

Coverage Confusion in the Cannabis Industry

With the cannabis industry being newly legal in most places and still illegal in others, the approach to insurance coverage can be confusing and overwhelming. Since the industry isn’t legal nationwide, each state can set different regulations for those in the business within their state lines. Regardless of what any state requires, any business owner in the cannabis industry should have a broad range of coverage for the risks they face in the business.

Coverage for Every Stage

There is a number of coverage types when it comes to cannabis trade. CannGen insurance professionals assert the importance of understanding individual business needs and finding an insurance provider that will work with a company to customize a policy that will sufficiently cover its risks. Some policy choices include:

  • cultivation insurance
  • cannabis harvesters insurance
  • manufacturer insurance
  • laboratory insurance
  • landlord and property manager insurance
  • dispensary and smoke shop insurance
  • processor insurance

Other coverage areas like building insurance, delivery, and transport, and product liability will all be important in various stages of producing cannabis products and getting them into the hands of customers and clients.

With the help of an experienced and equipped insurance expert’s help, any cannabis business, no matter how big or small, will be able to prepare for any risks it may face and ensure long term and high-quality products and services to their clientele.

investment fund insurance

Making a Start in Investing

Making a Start in Investing

An investment fund is a source of capital that comes from several investors with the intent to purchase individual shares of securities. These funds allow individual investors to choose from a broader selection of options while also enjoying lower fees. There are multiple types of funds, including exchange-traded funds, hedge funds, money market funds, and mutual funds. When purchasing these investment options, it is sometimes possible to choose between lower- and higher-risk investments. This helps the beginning investor protect against serious financial losses while preparing for the future.

Tips for Beginning Investors

Are there other ways to take advantage of investment funds safely? One thing to watch out for is “safe” investments that don’t keep up with inflation or your purchasing power. Instead, look for short-term US Treasury bonds, bond funds, and target-date retirement funds. According to experts at https://www.owensgroup.com, you can also look into investment fund insurance. Here are more tips for beginning investors:

  • One of the basic rules for beginning investors is to keep an eye on any type of savings investment. If you’re playing it too safe, your investment may not provide any type of return. Even a small but consistent return is better than nothing.
  • Too often, beginning investors want to pull out their money for emergencies. If your investments are too accessible, you won’t end up making money and your retirement options will suffer. Instead, separate your savings investments from your checking account and keep them divided.

Are you confident in your ability to manage your own hedge fund? Sometimes working with a group of more experienced investors is a great way to get started.

Fiduciary Liability Insurance

Understanding Liability Claims With Employee Benefits

In the current day and age, almost all companies provide benefits to their employees. While all staffing companies don’t offer comprehensive benefits like healthcare, perks like vacation days, sick days, and workers’ compensation all fall under the umbrella of employee benefits. While it might not seem like a high-risk aspect of operating a business, staffing fiduciary liability is a real concern of which to stay mindful.

Types of Claims

As mentioned by World Wide Specialty Programs, there are a number of claims that can be expected in the staffing field. If you provide healthcare to workers, then you might experience a claim for failing to properly maintain the plan dictated in employee literature. Similarly, any problems with payroll and the allocation of employee wages can open you up to a number of claims. Additional claims include:

  • Benefits being denied to eligible workers
  • Errors and omissions related to benefit plans
  • Unannounced changes to benefits that conflict with agreements

Financial Setback

When your business experiences this type of claim, it can be a huge financial setback. To avoid this scenario, it is best to take time to find coverage that keeps you protected from benefit-related issues.

Operating a company in the staffing industry comes with unique requirements. Understand your risks and make the right insurance decisions for the future of your business.

Mariners Insurance

Protecting Your Boat Club

The New York Yacht Club, the Palm Beach Yacht Club and the San Francisco Yacht Club all have something in common with every boat and yacht club in the United States: the need for insurance. Boat club insurance programs, as explained by Mariners Insurance, need to offer a wide range of coverage for activities and potential liabilities that occur both at sea and on land.

At Sea

Insuring boats owned and rented by the club as part of day-to-day operations is a given, but coverage is also needed for activities such as regattas or special event charters.  If your club puts on a regatta with a substantial cash prize, race management errors and omissions insurance can be added as additional protection to your policy. If your club offers a sailing school, there are extra insurance considerations that need to be made including third-party claims for property damage.

On Land

Because boat clubs do not exist solely on the water, there are land-based concerns to take into account when purchasing insurance. Covering grounds maintenance is a priority as is insuring any facilities such as restaurants, offices or storage. Member property in the parking lot and on club grounds needs to be covered as well.

In a perfect world, boat clubs would just be about boating and sailing, but in the real world, boat clubs have an obligation to safeguard lives and assets on their property and in the water.

Nightclub Program Insurance

Protect Your Nightclub With These Essential Programs

Nightclubs provide a unique experience that combines drinks, music, and socialization, draws people and is difficult to reproduce elsewhere. However, these elements also create unique risks that can place your patrons, employees, and establishment in danger. An insurance policy with the right nightclub programs can protect you from these potential problems.

Assault and Battery

The atmosphere created by nightclubs can lead to physical confrontations between your employees against patrons or between patrons themselves. Insurance authorities like http://www.rmshg.com/ point out that nightclub owners can be found liable for these incidents. Specialized assault and battery programs cover injury and property damage to both situations.

Alcohol

Since your establishment serves alcohol, it can lower the clients’ inhibitions, leading to potentially reckless behavior that can harm others, such as fights and drunk driving. The club is liable for any incident involving liquor. An insurance broker can help clear up incidents and resolve settlements appropriately.

Food and Products

Bars and nightclubs usually offer foods and snacks to satisfy hungry clients or accompany their drinks. If these products end up being contaminated and make the consumers sick, your business can be held responsible. Obtaining specific coverage can help you with legal fees and damage mitigation.

Owning and operating a nightclub can be exciting, but also risky. With the addition of dedicated nightclub programs, your hospitality insurance plan can help keep your establishment alive through disruptive incidents.