641: Greg Scheinman on Selecting Restaurant Insurance

641: Greg Scheinman on Selecting Restaurant Insurance

Author: Inspiring interviews with todays most successful restaurateurs 2-days a wee August 15, 2019 Duration: 1:07:50

Today we're discussing restaurant insurance. Specifically, the elements that should be in your insurance package, what these different elements cover, and what to consider when selecting an insurance broker. Joining us for this conversation, guest mentor, Geg Scheinman.

Insgroup Partner, Greg Scheinman, is a Property and Casualty Insurance Specialist, focusing on middle-market companies in a variety of industries, with a particular focus on the hospitality, retail and fitness industries.…as a matter of fact…many of our past guests are his clients. On top of this Greg host his own podcast, the Midlife Male.

Show notes…

Favorite success quote or mantra:

  • "The harder I work, the luckier I am."

In this episode with Greg Scheinman, we discuss:

  • The many different elements to consider when selecting your insurance "package":
    1. Commercial and General Liability Insurance
    2. Workers Compensation Insurance
    3. Business Interruption Insurance 
    4. Property and Casualty Insurance
    5. Third-Party Alcohol Liability Insurance
    6. Dram Shop Liability
    7. Employment Practices Liability Insurance ( EPLI)
    8. HNOA
    9. Flood 
    10. Cyber
    11. Active shooter
  • How to pick which insurance is right for you
  • How to select an insurance broker.

Resources Mentioned:

RestaurantOwner.com Article: How to Factor Insurance Into Your Restaurant Business Plan

RestaurantOwner.com Article: How to Select the Right Insurance Coverage for Your Restaurant

RestaurantOwner.com Article: Understanding Your Restaurant's Commercial General Liability Insurance Policy

Today's sponsor:

BentoBox helps restaurants grow their business through a connected suite of tools, offering them an integrated website to connect with their guests and drive revenue online. Restaurant owners and operators are able to easily update menus, promote specials, take catering and event inquiries, sell merchandise, gift cards and more.

CAKE provides an easy-to-use integrated software and hardware solution to build better dining experiences for restaurant operators and their guests. With mobile marketing and waitlist management to point of sale payment processing, the CAKErestaurant management system helps you grow your business.  Learn more at trycake.com/unstoppable

EthicsSuite.com -provide a safe, secure, simple and anonymous communication channel between you and your employees to help you protect your hard-earned reputation and assets. Demonstrate to your team that you are committed to providing a workplace that operates with the highest ethical standards. Staying informed about important issues will help you resolve them internally before they spiral into larger, costly, or public problems.

 

Contact info:

Email: gcheinman@insgroup.net

Website: Insgroup.net

Midlife Male podcast

Thanks for listening!

Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them.

And finally, don't forget to subscribe to the show on iTunes to get automatic updates.

Huge thanks to Greg Scheinman for joining me for another awesome episode. Until next time!

 

Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

Eric Cacciatore sits down with the people who actually run the show in the world of food service. Restaurant Unstoppable with Eric Cacciatore is built on conversations with established restaurateurs and seasoned professionals who have navigated the intense realities of the industry. Twice a week, these interviews dig past the surface, focusing on the tangible details of leadership, team management, and effective marketing that separate a thriving venue from a struggling one. You’ll hear firsthand accounts of what worked, what didn’t, and the often-overlooked decisions that shape a restaurant's path. This podcast serves as a direct line to collective experience, whether you're dreaming of your first opening or steering a multi-location group. The dialogue is practical, centered on the daily grind and long-term strategy needed to build something lasting. For anyone invested in the business of hospitality, these regular episodes compile a vital resource, turning shared insights into actionable knowledge for your own journey.
Author: Language: English Episodes: 1000

Restaurant Unstoppable with Eric Cacciatore
Podcast Episodes
948: Seven Chan Co-Owner of KSP Restaurant Group [not-audio_url] [/not-audio_url]

Duration: 1:17:29
Growing up in New York, Seven Chan is a lifetime entrepreneur with over 17 years of experience building and running successful companies. His specialties include business strategy, development, press, and marketing. In 2…
947: Ford Fry Founder of Ford Fry Restaurants [not-audio_url] [/not-audio_url]

Duration: 2:00:55
Ford Fry is the Founder and Co-Owner of many, many restaurants, including Jct. Kitchen. Ford was raised in Texas and attended the New England Culinary Institute. He worked for several respectable restaurants and people i…
946: Jonathan Fox Co-Owner of Fox Bros. BBQ [not-audio_url] [/not-audio_url]

Duration: 2:10:33
Unstoppables! Please consider taking this survey about our listener demographics so that we can better determine how to best serve our listeners. Less than 10 simple questions. Here is the link: CLICK HERE Growing up in…
945: Damian Otero Owner/Operator of Rreal Tacos and Sabores del Plata [not-audio_url] [/not-audio_url]

Duration: 1:53:11
Unstoppables! Please consider taking this survey about our listener demographics so that we can better determine how to best serve our listeners. Less than 10 simple questions. Here is the link: https://docs.google.com/f…
944: David Bancroft Chef/Owner at Acre and Bow & Arrow [not-audio_url] [/not-audio_url]

Duration: 2:22:54
Unstoppables! Please consider taking this survey about our listener demographics so that we can better determine how to best serve our listeners. Less than 10 simple questions. Here is the link: https://docs.google.com/f…
943: Kathleen Wood Founder of Kathleen Wood Partners [not-audio_url] [/not-audio_url]

Duration: 1:28:58
Kathleen Wood is the Founder of Kathleen Wood Partners. She holds a Bachelor of Science degree in Hotel, Restaurant, and Management from the University of Wisconin and a Masters in Business Administration from Loyola Uni…
942: Andy Husbands Chef/Owner The Smoke Shop BBQ [not-audio_url] [/not-audio_url]

Duration: 1:22:10
Unstoppables! Please consider taking this survey about our listener demographics so that we can better determine how to best serve our listeners. Less than 10 simple questions. Here is the link: https://docs.google.com/f…
941: Barry Sorkin Co-Owner of Smoque BBQ [not-audio_url] [/not-audio_url]

Duration: 1:54:41
Barry Sorkin is the Co-Founder and Co-Owner of Smoque BBQ in Chicago, IL. He got his first taste of the restaurant industry when he worked at Red Lobster as a bar tender and a manager in his 20s. He left the industry to…
940: Andrew Choi & Patrick Bouaphanh Co-Owners of Jinsei Motto [not-audio_url] [/not-audio_url]

Duration: 1:33:51
Andrew Choi and Patrick Bouaphahn are the Co-Owners of Jinei Motto, a restaurant/bar in Chicago. Andrew is FOH while Patrick is BOH. Andrew Choi moved around a lot as a youth because he had parents in the military, but i…
939: Joe Frillman Executive Chef and Owner of Daisies [not-audio_url] [/not-audio_url]

Duration: 1:55:29
Chef Joe Frillman is the Owner and Executive Chef of Daisies in Chicago, IL. Joe's first job in the industry was as a food runner when he was in high school. He fell in love with the industry during that very first job.…