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Hospitality & Restaurant Insurance
Why Food Spoilage Insurance Coverage Is Critical for Restaurants
Securing insurance for property damage and business interruption for a restaurant is on the menu of coverage items to protect an establishment should it suffer a loss such as fire that forces it to shut down temporarily. There are other critical coverages that should be a part of the property package as well, including Food…
Coronavirus Prompts Hotel Industry to Review Risk Management of Infectious Diseases
The Wuhan coronavirus has caused 170 deaths in China with the number of confirmed cases there at nearly 8,000, according to the World Health Organization (WHO). This number now exceeds the tally of 5,327 infected with Severe Acute Respiratory Syndrome (SARS), which killed about 800 people globally in 2002 and 2003.
Risk Management: The Key to Mitigating Sex Trafficking at Hotels
A lawsuit filed in U.S. federal court in Ohio in December against a number of high-profile hotel groups alleging they profited from sex trafficking on their properties puts the focus on this hidden crime. The hotel chains, according to Reuters, are accused of “knowing and ignoring warning signs that women and children were sold as…
Inside the High Stakes of Liability Risks for Hotel Casinos
Liability risks for hotel casinos run the gamut – from a third-party vendor’s wrongful actions to public security and safety during an event, cyber crime, and premises slips and falls – that can end up costing the house a fortune. Sean Young, Associate Vice President, Distinguished Programs, in his recent article, “Four Risks on Which…
5 Top High-Limit Hotel Claims
There are countless exposures inherent in running a hotel or resort that can result in hotel claims with major settlements and judgments rendered should catastrophic incidents or events occur. A hotel operation is obligated to exercise reasonable care in operating its business and protecting guests.
Importance of Risk Management for Small Business Insurance
How much risk management for small business insurance costs depends on many different factors, including the type of operation and its location, its exposures, the industry served, claims history, etc. The coverage features and policy terms in an insurance program, along with its policy limits, of course, also affect the cost of coverage. Additionally, today’s…
Child-Proofing Hotel Guest Rooms: Ensure Your Clients are NEC-Compliant
The National Electrical Code (NEC) issued an update in 2017 requiring all new and renovated hotel guest rooms and suites to have tamper-resistant receptacles (TRRs) placed on all outlets. TRRs are designed to prevent electrical hazards, particularly for young children who tend to stick things into outlets. This most recent update by the NEC expands…
Business Interruption for Restaurants: Opening the Doors After a Loss
After Super Storm Sandy hit the East Coast five years ago, many restaurants suffered devastating property damage. But even more restaurants experienced significant business interruption losses including those resulting from downed power lines and outages. In addition to securing responsive Commercial Property insurance to step in to help a restaurant rebuild after a property damage…
Water Management: Keeping Hotel Guests & Employees Healthy and Safe from Legionella
The Legionella outbreak this past summer that killed one person and resulted in 12 lab-confirmed cases of Legionnaires’ disease and 63 reported probable cases from people who either stayed or visited an Atlanta, Georgia hotel is a reminder of how deadly and costly an outbreak can be for hotels and resorts. The Atlanta hotel is…
The Restaurant Insurance Package that Keeps on Giving
Restaurant owners face a number of risks in their daily operations that include exposures such as premises liability and property damage covered by a standard insurance program. But there are many other risks that require the responsiveness of a special Restaurant Package.