Distinguished Blog - Insurance Made Easy
Market insights and industry news.
How to Sell High-Limit Hotel Umbrella Insurance
This is an excerpt from our free “How to Sell Umbrella Insurance” eBook. Click here to download your copy. For the most part, hotels recognize the importance of purchasing Hotel Umbrella insurance to supplement the liability limits in their underlying policies. In the last several years, however, liability claims have resulted in multi-million-dollar verdicts or…
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Builder’s Risk Insurance Q&A with Brian Rauber of Capitol Agency
Learn how Brian Rauber of Capital Insurance Agency binds Builders’ Risk coverage in minutes with our best-in-class products and enticing pricing. Download the full Case Study here. “It’s the perfect case scenario where I’ve got the price—and I’ve got the product that I can issue quickly. It’s literally a no-lose scenario for me. And in…
Fine Dining Restaurant Insurance: The Details Brokers Need
Fine dining experiences set themselves apart by attending to the details. Every bite, ingredient, and placement on the dish has been carefully considered so that the customer just has to sit back and enjoy. When shopping for insurance, restauranteurs expect the same level of professionalism — every policy, price, and coverage needs to perfectly complement…
Hotel Insurance Costs and Coverages for Brokers in 2022
Coverages and costs. When it comes down to brass tacks, this is what matters to the insured. They want to know that their hotel insurance will cover them when they need it to and won’t cost them a small fortune. You need to put hotel insurance coverages and costs in perspective, so you can answer…
Cyber Liability Insurance: A Quick Rundown from Distinguished
This Article Highlights: What cyber liability insurance is and key coverages Cost of cyber liability coverage How brokers can sell cyber coverage to hospitality clients In 2022, a panel of risk management experts declared cyber incidents the biggest threat to businesses worldwide. It beat out natural disasters (25%), pandemics (22%), and even supply chain disruptions…
How Much Does Builder’s Risk Insurance Cost and Who Pays for It?
The bottom line for most insurance packages is cost: how much will it cost your customer in dollars, and how much will it cost you in patience to explain the size of their premiums? We joke, of course. But seriously, clients don’t want to pay for something they won’t need, and a Builder’s Risk insurance…
3 Reasons Umbrella Insurance for Rental Properties is Essential
If you were to skydive, would you want one chute or two? The obvious answer is two because skydiving is a calculated risk, and if something were to go wrong, you’d want a backup. Landlords often think they’re financially protected from lawsuits because they already have one chute: landlord insurance. However, sometimes, landlord insurance isn’t…
Top 3 Real Estate Risk Exposures for Property Owners
What are the top risk exposures real estate property owners & managers face? The sources of top liability exposures for residential and commercial real estate include: sidewalks, parking lots and parking structures, pools, playgrounds, and elevators. Slips and falls, drownings, and assaults and other security issues often result from negligent property maintenance, unprotected slip hazards,…
What Does Builder’s Risk Insurance Cover?
Builder’s Risk insurance policies are not created equal, with a wide variance in the scope of coverage available in policies on the market today. It’s important to ensure that each of the insureds covered in the policy understands what is and isn’t covered and what supplemental coverages and extensions are available to address certain exposures…
Program Managers vs. Wholesalers – Key Differences
What are the differences between insurance program managers and wholesalers? Every deal to buy or sell insurance needs a whole cast of characters, each with a particular role to play. They may appear to do similar things, but their job functions differ greatly in practice. In this article, we break down two different roles in the world…
When Do I Need Vacant Building Insurance?
Homes become vacant for a number of reasons. A house may be up for sale and the sellers have already moved, or the home is an investment property and it’s taking longer to find tenants. Standard homeowners insurance policies include a vacancy clause which eliminates and/or restricts coverage for losses on property that is vacant…