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Risk Insight

What are the Risks of a Vacant Property?

As coronavirus wreaks havoc on the economy, many businesses have had to shutter their doors, some temporarily and others permanently. With less contents and risk of damage by occupants, you may think that vacant properties pose less risk than one that is occupied. But this is sadly not the case.

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Addressing, Reporting Misconduct in a Virtual Environment

With a shift to Work From Home (WFH), many companies may think they no longer have to worry as much about workplace misconduct. But that isn’t the case, because even with reduced physical interaction and many colleagues interacting virtually, cyberbullying, harassment, and discriminatory practices are still thriving.

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Business Interruption COVID-19 Litigation Continues

The coronavirus pandemic brought businesses to its knees, shuttering everything from restaurants to hotels, gyms, hair salons, retailers, and other establishments. Many business owners turned to their Business Interruption (BI) insurance policies to cover loss of income and to pay ongoing expenses like payroll, rent, etc. Yet BI policies are designed to respond only if…

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Inside the Liability Risks of Turning Hotels Into Dorms

Over the last several months, hotels have been coming up with innovative ways to generate revenue and stay afloat with tourism virtually nil and business meetings going virtual amid the pandemic. Some hotels are offering on-site offices while others have extended their pool hours to attract more guests. But some hotels have pivoted to provide…

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The Risk of Legionella Lurking in Water Systems after COVID Closures

As schools begin to reopen in certain communities, in addition to concerns over the spread of the coronavirus, officials are also worried about the increased risk of deadly illnesses caused by bacteria after months of closures. In fact, a dozen schools have already reported the detection of Legionella in their water systems, a warning to…

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Mitigating Fitness Center Risks

Industry experts estimate that 59% of U.S. business travelers used hotel gyms prior to the coronavirus pandemic. As gyms across the country, including those in hotels, reopen, hotel owners need to worry about both the coronavirus and traditional fitness center risks. Controlling the spread of coronavirus in gyms is likely at the forefront of everyone’s…

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Business Continuity Planning: Are You Prepared?

When disaster strikes, it can cost money. The lost revenue and extra expenses incurred by business interruption reduces profits — and insurance cannot cover all costs. Through the implementation of continuity plans, the strongest businesses are able to maintain their operations amidst natural disasters, economic crises, or even so-called “black swan” events like the COVID-19…

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LDW Safety Tips for Restaurants and Community Associations

Labor Day is just around the corner, which means it’s the perfect time to kiss summer goodbye and host a socially-distant event at your restaurant or community association. By now, you probably have a strict list of health and safety guidelines set in place to prevent the spread of COVID-19 during these unprecedented times. But…

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COVID-19-Related Litigation Landscape and D&O Insurance

The coronavirus has taken its toll on businesses, workers, and the economy with the insurance industry at the center of quite a number of disputed cases, particularly with regard to business interruption losses. But over the last several months, we’ve also seen litigation impacting corporate directors and officers (D&O) – from securities class-action suits to…

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Cybercrime 101: Types of Cybercrimes Every Business Should Understand

Cybercrime is pervasive, and increasingly so in this covid, work-from-home age.  According to Cybersecurity Ventures, cybercrime damage is expected to cost the world $6 trillion by 2021. In this article, we will explore the different types of cybercrimes to help you better understand the threats facing your business and your customers’.

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