2025 Trends: What Hospitality Businesses Should be Preparing For
3 Min Read By Society Insurance
For more than 100 years, Society Insurance has been providing coverage to hospitality businesses. We see firsthand what restaurants should be paying attention to as new trends and legislation arise. To commemorate the start of 2025, we compiled four trends that could dominate conversations surrounding hospitality businesses longevity this year.
The Future of Nuclear VerdictsSociety Insurance expects more of a discussion around nuclear verdicts and, ideally, an elimination of nuclear verdicts in favor of fair and just verdicts for restaurants. When juries award disproportionately high amounts in lawsuits, often from cases involving accidents, liquor liability, food safety issues, or employee disputes, these multimillion-dollar awards can be a death sentence for restaurants. Even if a restaurant doesn't face a verdict, the prevalence of such cases can drive up insurance premiums industry-wide, increasing operating costs.
The need for regulation to curb these excessive awards is…
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