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Hospitality & Restaurants

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,…

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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…

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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…

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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.

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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…

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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. 

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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.

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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.

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Business Interruption Insurance: At Issue Amid COVID-19 Shutdowns

Whether or not Business Interruption insurance should step in and pay for loss of income as a result of temporary business closures due to the COVID-19 pandemic is a topic of heated debate among different stakeholders. Let’s take a close look at what’s taking place.

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Covid-19 Crime Prevention: The Need to Step Up Security of Unoccupied Establishments, Limited Operations

In response to the COVID-19 pandemic, across the country local and state decrees have mandated non-essential businesses to close or limit operations, including restaurants and bars, in order to help prevent the spread of the virus. In addition to having been hard hit by the loss of income and employee layoffs, a spike in burglaries…

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