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Risk Insight
Mitigating COVID-19 Outbreaks at Multifamily Buildings
The COVID-19 death toll now tops 14,000 nationwide with officials warning that within the next weeks we could experience an even more alarming rate of infections and deaths. As more cases arise across the country, it’s critical that apartment owners, condominium associations, and HOAs continue to take precautionary measures to help stop the spread of…
Impact of Coronavirus on Business: Cancelled Events, Online Meetings, Remote Work
The state of the coronavirus (COVID-19) epidemic is fluid as the number of infected individual cases worldwide reaches more than 118,000 and the death toll surpasses 4,000, according to the most recent information from the World Health Organization (WHO)*. As the contagion continues its rapid spread around the world, the impact is being felt on…
Hotel Data Breaches, Other Attacks Underscore the Need for Cyber Insurance
In mid-February, MGM Resorts confirmed that, in the summer of 2019, the personal data of some 10.6 million guests was exposed on the dark web, potentially for hackers to abuse. The leaked data, according to ZDNet, included guests’ names, addresses, phone numbers, emails, and birthdates. MGM in its statement said, “It was confident that no…
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…
Winter Is Coming: Slip and Fall Prevention Tips for Property Owners
Weather-related conditions create additional hazards for commercial and habitational property owners who are responsible for ensuring that all walkways and driveways in front of the building and parking lots are safe. For example, in apartment complexes, residents are not responsible for snow and ice removal. The property owner or holding company is responsible for this,…
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…
Help Customers Understand the Importance of Umbrella Coverage
Here at Distinguished a lot of our customers question why umbrella coverage is necessary, especially for entities like condominium associations that aren’t perceived to be high risk. Most feel confident that they won’t experience severe losses, and consequently that they don’t need to spend money they may not have in order to purchase an umbrella…
Top uncovered exposure for a hotel may surprise you
Slip-and-fall injuries are undoubtedly the most common claims in the hospitality sector. But there is another hazard that is making a serious comeback—and is often an uncovered exposure in policies, resulting in costly losses. That risk is legionella, which can be found in water systems, like showers, pools, and fountains, and new bacterial outbreaks have…
Hard Market Trends for Directors and Officers Coverage
When major conglomerate Pacific Gas and Electric filed bankruptcy (after fielding claims of negligence after the California wildfires this past fall), D&O coverage was caught in the spotlight. Claims against directors and officers are on the rise nationwide, and analysts are questioning how far the market for D&O coverage will harden.
Construction Insurance in Today’s Growing Market
If you build it, they will come—but don’t forget about adequate liability coverage for new construction! As the construction sector keeps pace with the general real estate market, Distinguished’s senior vice president and program executive, Michael Thabet, weighs in on currents facets of the construction industry and what that means for today’s carriers and insureds….