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
340: Being resilient with Tracy Chang [not-audio_url] [/not-audio_url]

Duration: 1:23:41
Tracy Chang is from Cambridge, MA where she first experienced the restaurant industry while observing her Grandmother, a multi-unit restaurant owner. She would go on to study finance at Boston College. After college and…
339: Watching the money with Chef Edward Mendoza [not-audio_url] [/not-audio_url]

Duration: 1:04:17
Chef Edward Mendoza comes from Augusta, GA and has a bachelor's degree in Business Management from Agusta State and a Culinary Degree he earned in Vail, CO. He would go on to cook all around the country and world and has…
338: Planning for disaster with Lisandra Pagan [not-audio_url] [/not-audio_url]

Duration: 54:28
Lisandra Pagan is the founder of Deliberate Plan Consulting LLC. She helps restaurant owners prepare for business interruptions such as natural events, day to day crisis, or anything that can prevent them from doing thei…
337: Guiding yourself and your team to greatness with Debi Saltzberg [not-audio_url] [/not-audio_url]

Duration: 1:15:48
Originating from Boston MA area, Debi Saltzberg holds a degree in hotel and restaurant management from UMass Amherst and has spent the last 15 years working in the San Diego restaurant industry. Today, she is the founder…
336: The importance of time management with Rafe Gabel [not-audio_url] [/not-audio_url]

Duration: 1:21:12
In this episode we discuss: The power of journaling. The power of positivity. Setting the stage at your restaurant. The history of food. The importance of having goals. the importance of mentors. Living intentionally! Th…
335: Making everyone around you happy with Jehangir Mehta [not-audio_url] [/not-audio_url]

Duration: 1:28:38
Hailing from India, Chef Jehangir Mehta is a graduate of the Culinary Institute of America. After graduating in the mid-90's Chef Mehta got busy working in and opening some of the finest restaurants in New York City. Tod…
334: Giving more to this world than you take with Chuck Samuelson [not-audio_url] [/not-audio_url]

Duration: 1:20:38
In this episode, we discuss: Focusing on and enjoying the work you do, living purpose and intention, surrounding yourself with people who are better than you, the evolution of a good manager, treating others the way you…
333: The importance of asking questions with Nick Kokonas [not-audio_url] [/not-audio_url]

Duration: 1:42:26
In this episode we discuss: Food as a central aspect of life. The science of food. The emotional response to food. The importance of choosing the proper location for your dream restaurant. Why do fancy restaurants have w…
332: The process of finding who and what you are with Chef Gaudet [not-audio_url] [/not-audio_url]

Duration: 1:17:30
Restaurant Unstoppable's first every LIVE episode! In this episode, we discuss what to do after you've accomplished what you set out to do, needing a symbiotic relationship with landlords, how to sell the dream to your i…
331: How to create a "Bullseye Purpose" with Adam Fridman [not-audio_url] [/not-audio_url]

Duration: 1:00:24
In this episode, we discuss why we live in a world dominated by a disengaged workforce, how to find your passion, why branding should be a reflection of culture, why there is a shift in people choosing to work for purpos…