Should Food and Beverage Vendors Serve Alcohol? Risks and Benefits of Liquor Service

Should Food and Beverage Vendors Serve Alcohol? Risks and Benefits of Liquor Service

Many food and beverage vendors are eager to enhance profits by offering alcohol. With higher profit margins, alcohol sales are lucrative for many food businesses. But what are the risks and benefits of serving alcohol? Should you carry liquor liability insurance? What would that cover? And where can a food and beverage vendor obtain liquor liability insurance and maintain their general liability coverage? Why Food and Beverage Vendors Should Serve Alcohol Profit margins for alcohol sales are higher than for food sales. On average, sales are ⅓ to ½ more than without alcohol. In addition, alcohol sales are increasing nationwide. In a recent example, Texas Longhorn fans bought 70% more alcohol in 2016 from concession stands than they did in 2015. During their double-OT win over Notre... Read more

Need Restaurant Insurance? Get Coverage From FLIP

Need Restaurant Insurance? Get Coverage From FLIP

Did you know eight out of ten restaurant owners† got their start in the food industry in an entry-level position? Being a restaurant owner is a dream for many aspiring chefs and entrepreneurs, and there's plenty of pathways to success. At FLIP, we know that our clients often launch a small food business, such as a food cart or food truck before launching a brick and mortar restaurant. If you’re transitioning from a food truck or other small food business to a restaurant, your insurance needs will change. For this reason, we’ve decided to give our ambitious clients a pathway to buying restaurant insurance. Are you expanding your food business? Is your food truck tied to a restaurant? Regardless of your circumstance, we can develop a plan that fits your needs. We provide restaurant... Read more

Flip Presents: Chris Cage of Greenbelly Meals

Flip Presents: Chris Cage of Greenbelly Meals

Food Business Success Tips In the food business, there's a lot of prep work to be done before your business is ready to serve. For example, you've got equipment, food handlers permits, business licensing and insurance, food costs, as well as designing the perfect menus and product packaging. To help make running your business easier, we asked a few of our seasoned FLIP customers to share some of their challenges and food business success tips. This story is about one man's dream to backpack around the world and his innovative solution to the lack of variety for on-the-go meals. Greenbelly Meals: A Food Business Success Story Chris Cage, owner and founder of Greenbelly Meals, decided he was done with corporate America. He spent years working as an accou... Read more

Foodborne Illnesses: Why Food & Beverage Insurance Is Essential

Foodborne Illnesses: Why Food & Beverage Insurance Is Essential

According to the CDC, approximately 48 million people get sick from a foodborne illness each year. Of those, 128,000 are hospitalized and 3,000 die. If one of your patrons becomes sick from food you serve and is injured, you could be found liable, which is why it is essential to carry food and beverage insurance. Types of Foodborne Illnesses Over 250 types of foodborne diseases exist. Most are infections caused by bacteria, viruses, and parasites that are transmitted through food. Poisonings are another type of foodborne illness, caused by toxins or chemicals that contaminate the food. A full list of the types of foodborne illnesses can be found on the CDC website, here. Six Most Common Foodborne Illnesses As a food or beverage producer, you are at risk for a laws... Read more

FLIP Presents: Larry Osman of Schlumpia

FLIP Presents: Larry Osman of Schlumpia

One Man's dream of Jewish-Filipino Fusion Food Larry Osman of Bridgewater, New Jersey has spent the past 30 years working for Nabisco Kraft Foods in information technology. Since his recent retirement, he has stowed away his distinguished computer science degree from Rutgers and embarked on his newest venture—Schlumpia. Schlumpia "I had a wonderful and fulfilling career in IT. I worked for Nabisco Kraft Foods for 30 years, and I asked for an early retirement package because I wanted to do something different. That was a year and a half ago," said Osman. Osman spent his time in college with a friend, who inspired him to create the Filipino-Jewish blended cuisine. "My product is Filipino spring rolls, lumpia, but instead of traditional fillings, I fill them with Jewish i... Read more

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FLIP (FOOD LIABILITY INSURANCE PROGRAM)
260 South 2500 West Suite 303
Pleasant Grove, UT 84062

P: 844.520.6992
info@fliprogram.com

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