Distinguished Blog - Risk Insight

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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Inside the Complex Issue of Security Negligence in Community Associations

Community associations are responsible for the safety and security of its residents. It is important for the board of directors to review the association’s bylaws to understand their responsibilities to provide a safe and secure community. Proper security measures and enforcement of them helps mitigate an unfortunate accident from occurring and the potential of a…

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Looking Ahead: Insurance Market Insights for 2022

The insurance industry has experienced a hard-market cycle over the last several years. Some business lines more so than others are seeing diminished capacity, tighter underwriting scrutiny and changing risk appetites and policy terms and conditions from insurers. Commercial Property, Commercial Auto Liability, Directors & Officers Liability (D&O), Cyber Liability and Excess Liability insurance lines have been in the forefront of hard-market rates.  Looking ahead, here are some insights on…

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6 Simple Ways to Save Money for Winter Energy Efficiency

So, you’re looking cut down costs for winter energy efficiency. While we may not like the idea of wasting energy or cash, many do not know where to start. How can you stay warm this winter season while keeping the bill down? We have compiled a few ways to get started. So, turn down that thermostat,…

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Scary Risks for Community Associations During Halloween

Signs of Halloween, everyone’s favorite spooky holiday, are everywhere during the month of October – from carved-out pumpkins to skeletons hanging in the windows and elaborate decorations. Kids and adults have planned their costumes well in advance, and this year we may very well see a lot more trick-or-treaters and Halloween parties taking place, including…

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September is National Preparedness Month

From a global pandemic to an attempted insurrection, unexpected condos collapses to historic wildfires, the past year and a half have been full of unpredictable disasters, putting in perspective just how unexpected disasters are and how far-reaching their effects can be. This September is National Preparedness month. This time of year we are reminded the…

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How To Prevent Legionnaires Disease In Hotels

Travel is booming after more than a year of pandemic-related mandates and recommendations. Hotels are welcoming guests and looking to offer great (and safe) experiences. Now more than ever, guests are sensitive to measures hotels are taking to ensure a safe and healthy environment. While there is comfort in seeing hotels enforce stricter cleaning standards,…

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Distracted Driving on the Rise During the Pandemic

Despite decreased traffic, the National Safety Council found that 2020 motor vehicle deaths were up 8% from 2019 — the highest percentage increase in 13 years. Cell phones have long been the cause of deadly driving accidents, but new evidence suggests that the distracted driving epidemic has only gotten worse during the pandemic.

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The Importance of Flexible Policy Terms Amid Widespread Construction Delays

Construction projects have historically been prone to delays. Now, after months of labor restrictions, material shortages, and an increase in renovations, delays are more widespread and severe than ever before.

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It’s Hail Time, Make Sure Insureds are Risk Ready

Hail season is upon us and we’ve already seen significant weather events this past March and April. Wicked storms that dropped large hail in Norman, Oklahoma, and San Antonio and Fort Worth, Texas, on April 28, are projected to have caused more than $3.5 billion in damages. Residents were forced to take shelter inside as…

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May is National Wildfire Awareness Month

This May is national wildfire awareness month. Last year we saw record-breaking wildfires engulf Northern California. An estimated 8.9 million acres were burned in the 2020 wildfire season, almost double the acreage burned in the 2019 season. Wildfire season is coming, and now is the perfect time to focus on wildfire preparedness. With a few…

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