Author Archives: The Society Insurance Team

About The Society Insurance Team

Your business is your livelihood, and it’s our job to do all we can to help you protect it. By choosing Society, you’re not only getting one of the most comprehensive plans for your business, but a partner dedicated to your company’s continued success.

5 Small Business Management Tips

As of 2018, there are 30.2 million small businesses in the U.S. accounting for 58.9 million jobs in the country. It’s no secret that small businesses are a crucial part of the U.S. economy and their success should be important to us all.

Managing a small business comes with a unique set of challenges and opportunities. Often times, simply deciding which goals or tasks to prioritize can be a full-time job in itself. As a small business owner, you are probably under a lot of pressure with little room for mistakes. It’s easy to become quickly overwhelmed when managing the million different moving parts of a business but the good news is there are ways to make managing a small business easier. Here are five of our best small business management tips for juggling day-to-day operations.

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4 Money Saving Tips for Restaurant Owners

Get lean, get smart and get motivated! No, we aren’t talking about trimming your waistline—we’re talking about cutting costs associated with running your restaurant. While we don’t suggest implementing anything that could jeopardize food or service quality, there are four things you can do right away to reduce restaurant costs. Implement these 4 money saving tips in your restaurant, and watch the savings accrue!

Interested in learning about how to market your restaurant? Read these blogs:

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Cyber Claims Digest for 2020 Planning

This entry is part 30 of 30 in the series Data Security

Analysis of 2018 Cyber Claims Data by Society Insurance

Ransomware. Business email compromise. Spear phishing. This is the new language of business risk. Whether it’s a massive data breach that exposes customer information, or an automated ransomware attack that extorts bitcoin payments from a small business owner, the cybercrime wave continues to swell as the cybercrime economy becomes more sophisticated.

The threat of cyber attacks continues to top the list of executive concerns around the globe. According to the latest survey by The Conference Board, US-based CEO’s rank cybersecurity as their number one concern.

And here’s why…

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How to Improve Employee Retention in Seasonal Restaurants

Seasonal restaurants may be increasing in popularity, but are nothing new for areas like Door County, Wisconsin and other vacation destinations. These restaurants typically operate through specific dates of the year related to the weather and travel seasons. While the restaurant industry can be challenging, seasonal restaurants face their own set of unique challenges. Since these restaurants must pack all of their sales into just a few months, hiring and keeping the right employees can make or break the season. So, how does a seasonal restaurant owner retain top talent when they only operate a few months out of the year?

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How to React to a Payment Card System Data Breach

This entry is part 28 of 30 in the series Data Security

What are the true costs of a data breach? On the one hand, there are monetary damages: the estimated average cost per breach in the US is $7.9 million. Coupled with potential fines for negligence plus legal fees, and suddenly it’s no surprise that around 60% of small businesses will go out of business within 6 months after a significant breach and around 43% of all cyberattacks target small businesses because of presumed vulnerabilities. On the other hand, there are the less tangible costs of a cyberattack, such as organizational integrity and customer trust. Whether it’s your fault or not, a data breach will compromise the public’s perception of your business, although the extent of it will really depend on the actions you take immediately following the breach.

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8 Tips: How to Advertise Your Restaurant Business

In the super-competitive restaurant industry, time isn’t on your side. You don’t have the luxury of waiting for customers to find your restaurant. You have to find them first and stay in front of them. It may sound like a tall order, but there are a number of things you can do to increase your restaurant’s visibility quickly.

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Proper Use of Tools and Other Common Equipment

Improperly using tools can cause more problems than it solves. How many times have you seen somebody using a screwdriver as a pry bar? Or concrete blocks being used to support scaffolding instead of jacks and pads? Or someone using a five-gallon bucket as a stepladder? These are just a few examples of misused equipment that can result in injury on-the-job or during DIY projects at home. Here we’ll outline some precautions you can take at home and at work.

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Importance of Having a Workplace Violence Prevention Program

The Occupational Safety and Health Administration (OSHA) reports that workplace violence is a growing concern for both employers and employees. According to OSHA, there are about 2 million victims of workplace violence each year and workplace violence is the third-leading cause of fatal occupational injuries behind transportation incidents and slip, trip and falls. These statistics report that there were also 39,750 non-fatal occupational injuries in 2017 due to violence in the workplace which led to a median 4 days away from work. The usual causes of these non-fatal injuries were from assaults, stabbings, shootings, strangulation and rapes.

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How Can Restaurants Manage and Improve Their Reputation?

These days, reviews mean everything. Both new and established restaurants heavily rely on them for new customers. But does your restaurant have the time to respond to each and every review on Google, Yelp, FourSquare, OpenTable, Zomato, Trip Advisor, etc? In a 2018 survey from BrightLocal, “86% of consumers read online reviews for local businesses” and “89% of consumers read the businesses’ response to reviews.” Restaurants can no longer ignore online restaurant reputation management; it can mean the difference between a fully booked dining room or complete dissolution of the business.

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