Post Topic

Insurance Made Easy

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…

Read More...

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…

Read More...

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…

Read More...

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…

Read More...

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,…

Read More...

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…

Read More...

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…

Read More...

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…

Read More...

How Much Does Restaurant Insurance Cost?

Restaurants require protection against many different types of hazards. To address their various risks, General Liability, Commercial Property, EPLI, Cyber Liability, and Umbrella Liability are just some of the coverages that should make up a restaurant’s insurance program. But how do insurers determine the restaurant insurance cost? The cost of a restaurant insurance program depends…

Read More...

The Importance of Customer Service in the Insurance Industry

Creating a positive customer experience is more than just making sure consumers receive the products and services they requested in a timely manner. It’s about creating meaningful touchpoints throughout a transaction that help champion your organization and brand and grow your business through customer loyalty. It’s also about minimizing friction so that interactions with an…

Read More...