Risk management Archives - RSCS

Cyber Liability Insurance for Franchises

Over the last few years, franchises have become a favorite target of cyber criminals. Hackers have stolen password credentials, franchise business records and customer credit card data from some of the biggest names in the industry. The consequences of a hack are serious. Consider these recent statistics: The average cost of a data breach for [...]

By | May 23rd, 2022|Risk management|Comments Off on Cyber Liability Insurance for Franchises

Fire Safety for Franchises

Fire safety for franchises is crucial. According to the National Fire Protection Association (NFPA), more than 8,000 structure fires in eating and drinking establishments are reported to U.S. fire departments each year, causing $246 million in property damage.  While cooking equipment was the leading cause in these fires, electrical distribution and heating equipment were each [...]

By | March 4th, 2022|Risk management|Comments Off on Fire Safety for Franchises

Password Security: The Recipe for Better Cyber Safety

Food and beverage sector businesses are increasingly experiencing disruptions, not only from the pandemic, but from hackers as well. Cybercrime is at an all-time high in many industries, and with fewer security controls, food-based businesses are facing more than their fair share. Password security is your best recipe for cyber safety, protecting all your data, [...]

By | January 20th, 2022|Risk management|Comments Off on Password Security: The Recipe for Better Cyber Safety

Wintertime Risk Management Checklist

The approach of cold temperatures and wintery weather can lead to an increase in certain claims. The reasons for winter claims can vary, but all ultimately relate to the unique challenges posed by wintertime. It's easy to forget about these seasonal risks when the ice thaws and the sun comes out, but a quick refresher [...]

By | December 2nd, 2021|Risk management|Comments Off on Wintertime Risk Management Checklist

3 Tips for Training Employees on Cybersecurity

Over the last few years, franchise businesses have become a favorite target of cyber criminals. Hackers have stolen password credentials, company records and customer credit card data from thousands of well-known establishments. Most franchise businesses do not consider themselves at high risk for hackers, but the consequences of a cyber attack are serious. Data breaches [...]

By | November 3rd, 2021|Risk management|Comments Off on 3 Tips for Training Employees on Cybersecurity

Hurricane Preparedness for Fast-Food Restaurants in an Above-Average Season

Experts recently revised this year's forecast for an above-average hurricane season with up to 20 named storms and nine named hurricanes. There have already been five named storms, with Tropical Storm Elsa causing damage and destruction from Florida to the Northeast, including dramatic flooding in New York City's subway system. In addition to the weather, [...]

By | July 28th, 2021|Risk management|Comments Off on Hurricane Preparedness for Fast-Food Restaurants in an Above-Average Season

BOPs for Fast Food Restaurants

Restaurant customers often order a combo meal, since it has everything most people need—entree, side and drink. Packaging a burger, fries and a soda into a combo meal makes a lot of sense, and it's similar to how a Business Owners Policy (BOP) works in insurance. A BOP makes it easy to get the standard [...]

By | June 29th, 2021|Risk management|Comments Off on BOPs for Fast Food Restaurants

Driver Safety Tips for Fast Food Restaurants

If your fast food restaurant offers food delivery or other mobile services, your business faces certain risks that others don’t. Having employees that drive for work and company vehicles that need to be serviced and maintained increases your exposure to accidents, claims and liability lawsuits. Driver safety is paramount when it comes to minimizing your [...]

By | May 3rd, 2021|Risk management|Comments Off on Driver Safety Tips for Fast Food Restaurants

Types of Employment Practices Claims

Employment practices refers to the part of your business that deals with hiring, firing and everyday workplace interactions. Employment practices liability claims alleging workplace discrimination or sexual harassment are increasingly common. In fact, the restaurant industry experiences more claims of misconduct than any other, according to the Harvard Business Review. With as many as 90% [...]

By | April 23rd, 2021|Insurance tips, Risk management|Comments Off on Types of Employment Practices Claims

Slip Hazards in Restaurants and Injury Prevention

Slips and trips are a leading cause of injury at fast food restaurants across the country, and both restaurant employees and dining guests are at risk. Some slip hazards in restaurants could result in anything from a few bruises to serious injury or death. While such severe outcomes are unusual, the stakes are too high [...]

By | February 24th, 2021|Risk management|Comments Off on Slip Hazards in Restaurants and Injury Prevention