Distinguished Blog - Hospitality & Restaurants
Market insights and industry news.
Hotel Primary Insurance: A Check-In to Success for Insurance Brokers
Ready to boost your expertise in Hotel Primary Insurance? If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. You have the opportunity to learn game-changing sales strategies and insider knowledge that will set you apart from the competition. Hear from industry experts as they discuss…
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Remote Work Cybersecurity Best Practices
Hacking activity is up, with cybercriminals taking advantage of remote work vulnerabilities amid the COVID-19 crisis. There are approximately 85 million Americans working from home. In fact, researchers cite that activity against corporations in the United States more than doubled by some measures in March, with malware infections, phishing tactics ,and ransomware running rampant. That’s…
High Vacancy: Impact of COVID-19 Pandemic on the Hotel Industry
No question, the hotel industry is among the hardest hit by the coronavirus pandemic along with the airline, travel and restaurant sectors. Hotels have been closed for months and millions of employees have been laid off and furloughed. According to the American Hotel & Lodging Association, “leisure and hospitality” hotels in the U.S. are on…
Navigating Today’s Umbrella Insurance Market
In our previous article, we discussed what factors are driving rate increases, capacity restrictions, tighter underwriting, and program structure changes in the Excess Insurance market. It’s important to note that prior to the COVID-19 pandemic, carriers were already tightening underwriting in the Excess/Umbrella market, specifically in the hotel, restaurant, and habitational sectors. In recent months,…
Umbrella Insurance Offers Added Protection for Small Businesses
For small businesses, including those in the hospitality sector such as restaurants and limited-service hotels, liability insurance is critical in protecting their assets against lawsuits that can arise from guests and other third parties. Small business liability insurance (Commercial General Liability/CGL) provides coverage for third-party claims of bodily injury and property damage, and pays for…
How Hotels Are Securing Properties While Closed, Preparing for Re-opening
COVID-19 has hit few industries as hard as the hospitality sector with a large percentage of hotels temporarily closed while others have pivoted to provide services and emergency housing to healthcare workers and first responders. The industry will recover eventually as lockdown restrictions relax slowly across the country and we get back to business. In…
Unlocking the Growing Cyber Risks in the Hospitality Industry
No industry, including the hospitality sector, is untouched by the growing threat of cybercrime. According to a report by Accenture, organizations have seen security breaches and other cyber risks grow by 67% in the past five years alone.
COVID-19 Issues, Impacts, and Solutions: Experts Weigh In
As the world grapples with the impact of the COVID-19 pandemic, virtually no one has been left unaffected. As we all work to adjust to this “new normal,” virtually every profession, trade, and industry is struggling with unprecedented challenges. Our industry is not immune to such challenges, and is constantly working to adapt to the…
Can’t make your rent or mortgage payment due to COVID-19? Here’s what you need to know
Since the beginning of the Coronavirus shutdowns, over 26 million workers have filed unemployment claims in the United States. As cases of COVID-19 spread and people across the country find themselves homebound due to shelter-in-place and stay-at-home orders, the retail and restaurant industries have been hit especially hard.
Industries Work Together Amidst Coronavirus Crisis
As the COVID-19 pandemic continues to spread throughout the United States, it seems that every hour brings more bad news. If there is hope to be found amidst the coronavirus chaos, however, it’s present in the fact that individuals across industries are using their skills and resources to care for one another.
How Hotels are Keeping Guests Safe from COVID-19
As outbreaks of the COVID-19 pandemic continue to spread throughout the United States, hotels are working hard to adapt. While half of U.S. hotels are anticipated to close amidst the crisis, those remaining in operation are working hard to ensure that the risk of infection is minimized for both guests and employees.