What is a Dram Shop?
If you’re a bar or restaurant owner, you’re privy to the term dram shop, but if you’re just thinking about starting up a business that serves libations, you may have never heard this term before.
A dram shop simply refers to an establishment that sells or serves alcohol. As most alcohol-serving companies know, many things can go wrong when selling alcohol to patrons.
A patron may drink too much and start a fight or drive drunk and get into an accident. That is why most states have dram shop laws in place.
Intro to Small Business Loans
Getting your first loan is a milestone in the life of your small business. From making the choice to seek financing to putting together a small business loan application, you’re learning and growing as a small business owner.
Applying for a small business loan can also be stressful. It takes wisdom and foresight. However, If you prepare yourself before beginning the application process, you’ll reduce your stress levels dramatically. In this article, we’ll show you what you need to know so you can get the best small business loan offer.
The Entrepreneur’s Guide to Food Truck Insurance
In recent years the food truck industry has been booming. Food trucks are lining up to serve hungry customers in cities across the U.S. At this point, we might go so far as to say that food trucks are the new restaurants and if you’re a chef or a foodie you might be thinking about getting in on the growing appetite for the deliciousness and convenience that food trucks serve. Starting your own food truck is a rewarding and liberating experience with much less overhead than a traditional restaurant. But, before you start outfitting your new truck (or old mini van) there are a few important things to keep in mind before you start serving.
Restaurant to re-open after a fire thanks to their insurance
A fire that caused significant damage to a Mom and Pop-type business is an unfortunate reminder of the importance of insurance for restaurants. According to Harrisburg-area news site PennLive.com, the Keystone Restaurant on North Third Street went up in smoke at about 5:30 p.m. Luckily, firefighters were able to contain the blaze to the kitchen, but not before the entire place suffered significant smoke damage
What insurance do startups need?
There are many different types of startups, but no matter what you do it is very likely you will be needing some sort of insurance. It is also true, that the insurance you need largely depends on your size. After all, a recently founded startup still working its way out of a garage its not the same as a newly born unicorn looking to make the front page of the Financial Times.
Read on for an overview of what you might need or visit www.coverwallet.com to get personalized advice
Halloween at Work. Make sure you’re covered.
Whether you hate them or love them, you have to agree – Halloween at work can be a scary proposition if you run your own business. While encouraging your employees to dress in costume or hosting a Halloween party can be morale-boosters, don’t forget that all this merriment also has the potential to backfire on the company. In fact, countless businesses over the last 10 years have faced Employment Practices Liability Insurance claims from employees due to Halloween-related events at work.
So what is Employment Practices Liability Insurance or EPLI and what does it have to do with Halloween?
“EPLI” is a type of liability insurance that covers claims made by employees. For example, if any employee harasses or discriminates against another employee (or is even alleged to have done so), EPLI will provide a defense and possibly claim payment on behalf of the business. Any business owner knows that is a critical coverage to protect the business owner from meritless claims brought by disgruntled employees. We know business owners aim to be just and non-discriminatory, but o age and gender gaps can lead to miscommunication, and EPLI coverage can serve as a last line of defense against employment claims.
So as you head into your Halloween at work festivities, keep the following potential risks in mind:
Religion: Some cultures and religions view celebrating Halloween as a form of worship. Some employees might request a day off as “religious accommodation” and, you as a business owner or manager, need to be prepared for that.
Inappropriate Costumes: Costumes. Costumes. Costumes. In any office there is always an employee who will push the boundaries or completely overstep them when it comes to a “workplace appropriate attire.” If you decide to allow or even encourage costumes at work, be sure to forbid costumes that are intended to replication stereotypical images of people who are members of a protected class (e.g., handicap, elderly) Set a Halloween dress code, which goes beyond the company’s normal workplace dress code.
Harassment: Some employees see Halloween as an opportunity to pull practical jokes, or send and receive emails with menacing, threatening or explicit content. It’s not a bad idea to remind everyone about your harassment policy and email policy just prior to Halloween.