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Hospitality & Restaurant Insurance
Staying Afloat in the Umbrella Insurance Market: Why Program Stability Matters for Hotels and Resorts
The ever-shifting landscape of the Umbrella market presents a formidable challenge, with rate adequacy taking center stage. Larger carriers, seeking higher returns, have been consolidating and scaling back on the capacity they offer. What was once commonplace as $25 million limits in a tower has dwindled to a mere $15 million or even less. Furthermore,…
How Much Does Restaurant Insurance Cost?
Restaurants face a range of hazards that necessitate comprehensive insurance coverage. From General Liability to Cyber Liability and more, a restaurant’s insurance program should be tailored to its unique risks. However, determining the cost of restaurant insurance can be a complex process influenced by numerous factors. In this article, we will explore how insurers calculate…
Online and Convenient: Distinguished’s Express Hotel Umbrella Insurance
Most hotels are not the Ritz Carlton or the Four Seasons. They do not have golf resorts, spas, or flashy amenities you see on social media. In fact, around 70% of hotels in America fall outside the luxury or high-end scales altogether, offering more basic amenities and comforts to their guests. These kinds of hotels…
Behind the Counter: What Every Insurance Broker Should Know About Fast-Casual Restaurant Insurance
Running a fast-casual restaurant can be a high-risk business. From kitchen fires to customer accidents, there’s always a potential for something to go wrong. That’s where insurance comes in. But as an insurance broker, do you know everything you need to about fast-casual restaurant insurance? The fast-casual restaurant industry has experienced significant growth in recent…
Cyber Liability Insurance for At-Risk Industries
Seeking protection against cyber risks? Watch our specialists in this informative panel discussion to discover more about Cyber Liability insurance. Discover the importance of having comprehensive coverage, understand the different types of cyberattacks, and learn best practices for preventing them. Learn how to sell Cyber Liability insurance for community associations, hotels, and restaurants. Don’t miss…
How To Prevent Legionnaires’ Disease In Hotels and Resorts
As the world opens up again, the travel industry is booming, and hotels and resorts are gearing up to welcome guests again. While hotels have implemented stricter cleaning measures to provide a safe and healthy environment for guests, an unseen risk can put guests and employees at risk: Legionnaires’ disease.
Insuring New Restaurant Ventures: Challenges and Solutions for Insurance Brokers
Are you an insurance broker struggling to insure a new restaurant venture? As a broker, insuring new restaurant ventures can be challenging due to the increased risk of claims, liability concerns, and lack of experience. However, there are solutions to these challenges that can help you provide valuable coverage to these businesses. This article will…
The Case for Higher-Limit Hotel Umbrella Insurance
As an insurance broker, it’s important to understand the current litigious environment and the importance of offering high-limit Hotel Umbrella insurance to your clients. Hotels, in general, recognize the necessity of purchasing Commercial Umbrella insurance to extend their liability coverage in underlying policies such as General Liability. But what is key to driving home is…
Distinguished Programs Announces New Program with Core Specialty for Hotel General Liability Coverage
Distinguished Programs (“Distinguished”), a national insurance program manager, today announces a new underwriting program with Core Specialty, an insurance holding company operating through StarStone Specialty Insurance Company (“StarStone”), offering a diversified range of property and casualty insurance products. Distinguished will work with Core Specialty to provide General Liability & Auto Liability coverage for hotels. “We…
Restaurant Insurance Trends & Impact on Exposures
This is an excerpt from our free “Broker’s Guide to Restaurant Insurance” eBook. Click here to download your copy. Over the last couple of years, restaurants have implemented many changes to be able to run their operations during the pandemic, some of which were highly successful and continue today. Outdoor Dining Across the country, we saw…