Distinguished Blog - Hospitality & Restaurants
Market insights and industry news.
Why Cyber Insurance Is Critical for Limited-Service, Franchise Hotels’ Business Continuity
Hotels are favorite targets of cybercriminals, who are upping their game with increasingly sophisticated tactics to breach and shut down networks, demanding a ransom to get a system back online, and duping employees into providing confidential data and wire transfer of money. According to Cornell University and Freedom Pay research, 31% of hospitality providers have…
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Sustainability Spotlight: Marriott
We are always on the lookout for major brands that are setting the standard in green building practices. When it comes to hotels, Marriott is undeniably a leader in the field. In 2005, Marriott became the first major hotel company in the U.S. to design and construct a LEED-certified hotel according to U.S. Green Building…
Liven Up Your Portfolio With Luxury
In our last blog “How to Upscale Your Portfolio With Condos”, we talked about luxury condominiums and how they’re taking over the urban habitational landscape one unit at a time. Next up is one of our new favorites, Boutique Hotels.
The 2015 Marsh Global Real Estate & Hospitality Conference
Distinguished Specialty was a proud sponsor of the 2015 Marsh Global Real Estate & Hospitality Conference in Chicago on October 27-28. CEOs, CFOs, risk managers, and other senior executives were among the 200 industry professionals who gathered to explore the latest risk management trends and learn how to manage uncertainty and risk to create growth. Catch some…
Were you prepared for hurricane season this year?
As we near the end of the 2015 hurricane season, it’s a good time to remind those in the hospitality industry who are located on coastlines or in hurricane-prone areas what can be done to prepare for major weather events. This article from Hotel News Daily shares some great insights into what hoteliers can do to…
A New Product for Cyber Liability Coverage
We recently sat down with Distinguished Specialty’s Chief Operating Officer, James Flynn, to talk about a brand new insurance product on the Distinguished Speciality menu: Cyber Liability. For those keeping up with the news, you’ve read the headlines: data breaches, network hacks, business interruption by criminals seeking proprietary or confidential information. The risk of a…
Maximizing Hotel Business Interruption Insurance
An important part of a robust disaster plan for hotels and resorts is business interruption insurance. This coverage is essential in covering the loss of income suffered by a business after a disaster. Hotel business interruption insurance provides funds to make up the difference between the operation’s normal income and its income during and immediately…
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