Distinguished Blog
Market insights and industry news.
Hotels and Resorts are Welcoming Guests Back Safely
People are traveling again, taking long-awaited trips after a year of stay-at-home guidelines. The spike in travel was evident over the holidays in December and then again during winter and spring breaks, and the rise in bookings for this summer. Americans are back on the move with hotels and resorts rolling out the welcome mat…
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Preparing for a Hurricane
Hurricane Preparedness Week is May 9-15, providing the perfect opportunity for people across the country to get ready for the upcoming hurricane season. Knowing what to do before, during, and after a hurricane or typhoon can sometimes mean the difference between life and death. Take steps now to protect your home, yourself, and your family,…
An Extra Important Mother’s Day
The past year has been rough for everyone, especially working women. Bureau of Labor statistics show that women have been leaving the workforce in droves, at a rate four times higher than their male peers. Unlike other downturns, the coronavirus-induced recession has led to losses that are not distributed evenly across genders. Women are bearing…
Why Excess Liability Coverage is Essential for Hospitality Businesses
Restaurants and hotels alike are presented with new and difficult risks on a daily basis. Full of flames, food, sharps, and a revolving door of patrons, risk is in the nature of the restaurant businesses. The same is true for hoteliers, hosting large numbers of guests at a time and providing them with top-tier, sometimes…
Why Care About Social Inflation?
In understanding and analyzing the “hard insurance market” – characterized by higher premiums, diminished capacity, new sub-limits, additional policy exclusions, changes to coverage forms, and tighter underwriting guidelines – you have to look at the impact that social inflation has had on our industry. Social inflation refers to recent growth over the last several years…
Sedgwick Helps Mitigate Risks During Remodeling and Repairs
Sedgwick Repair Services provides customized managed repair, restoration, and mitigation through its network of certified local, regional and national contractors. Members of Distinguished Programs – insureds in our New York Brick & Brownstone Program, City Multi-Family Insurance, City Landlord Insurance, and City Condominium Insurance – have access to Sedgwick’s network of trusted contractors whose insurance…
Check-In on Community Association Deck Safety
As the weather heats up, condo owners begin to take advantage of their decks for some outdoor barbecuing with friends and families, extra room, and fresh air. While these decks are real assets when selling a unit, they could become a liability for community associations depending on who is responsible for maintenance and repairs.
Builder’s Risk FAQs
A property in the midst of construction has different risks than an established structure, and builder’s risk insurance helps to manage these unique risks. Unlike homeowners’ insurance, which covers structures that have already been built, builder’s risk is made for new constructions, renovations, or additions. From contractors to investment companies, it is essential for any…
Why You Need Cyber Insurance
In the past year, we’ve seen key emerging cyber trends as bad actors up their game with more sophisticated and targeted attacks against businesses. According to a report by Identity Theft Resource Center (ITRC), 2020 saw a continued trend among cybercriminals in moving away from mass attacks seeking consumer information and toward attacks that target…
What You Need to Know About Vaccine Passports
President Joe Biden recently announced that 90 percent of American adults will be eligible to receive their coronavirus vaccine by Mid-April, with all adults vaccine eligible no later than May 1st. As more and more people get vaccinated against the coronavirus, many are wondering how to prove inoculation and whether or not that is necessary…
A Sea of Litigation: Risk Management for Resort Waterparks, Waterslides
With the warm weather around the corner and after a year of safer-at-home guidelines and resort waterpark closures and/or limited-capacity mandates, operations are now getting ready for returning guests. As fun as waterparks and slides are, they can also be dangerous with people getting hurt, sometimes severely. Slip and fall injuries are common as guests…