Posts Tagged ‘risk management’
Protect Your Client’s Real Estate Assets & Prosper with Umbrella Insurance
Brokers, what’s the secret to our success as one of the country’s longest-running Real Estate Umbrella Insurance programs? In our latest webinar recording, our experts answer your questions on Real Estate Umbrella insurance to help you build your business. Are you ready to level up? Watch the recording below and learn how Distinguished Programs can…
Read MoreCoronavirus Prompts Hotel Industry to Review Risk Management of Infectious Diseases
The Wuhan coronavirus has caused 170 deaths in China with the number of confirmed cases there at nearly 8,000, according to the World Health Organization (WHO). This number now exceeds the tally of 5,327 infected with Severe Acute Respiratory Syndrome (SARS), which killed about 800 people globally in 2002 and 2003.
Read MoreRisk 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…
Read MorePreventing Legionella Before It Infects the Masses
Legionnaires’ disease may not make front-page news every week, but when it hits a community, it can be devastating. Hotels with pools and hot tubs, property owners with buildings that have cooling towers or fountains—and anyone nearby can be affected. If the naturally occurring bacterium Legionella gets out of balance, it can make people very…
Read MoreHigh Cost of a Pool Claim
For many, a community swimming pool is a small luxury that can bring family and friends together. But just like any other recreational area, there is always the risk of personal injury for those using the facilities. A pool claim can be costly to a community association. Emergency room visits for a near drowning victim can range…
Read MoreLiquor Liability Risk Management Tips
Restaurant owners and managers should be implementing best business practices to help mitigate their operation’s alcohol-related risks. According to a report from the Center on Alcohol Marketing and Youth (CAMY) 54.3% of binge drinkers who reported driving after their most recent binge-drinking episode drank in an on-premises, retail, alcohol-serving establishment such as a bar, club, or restaurant. Please…
Read MoreA Strong Wind Is on the Way
As Bob Dylan says, “A hard rain is gonna fall…” and with it this weekend, a strong wind is gonna blow! The greater New York area is bracing for wind gusts up to 70 mph Friday, according to the National Weather Service, not to mention a coastal flood advisory through Saturday. Are you ready? Doing…
Read MoreManaging Risk: Preventing Legionella
Updated July 6, 2017: Recent Cases Underscore Legionella Exposure Since we originally wrote this article there have been several new cases of Legionella reported where people have died and fell ill. In June, one person died and six became ill in the Lenox Hill neighborhood in New York where investigators are looking into the air-conditioning…
Read MorePlayground Safety Checklist
It’s that time of year again when the sound of children running around in playgrounds across our neighborhoods fills the air. It’s also a time for heighted precautions because as fun as a playground can be, it’s also a place where kids can get seriously injured. More than 200,000 children ages 14 and younger are…
Read MoreA Look Inside: Risk Retention vs. Risk Purchasing
Alternative risk mechanisms are available to help businesses address and manage their risks. This includes setting up risk retention groups (RRGs) and risk purchasing groups (RPGs), which are often mistaken for being the same thing. While there are similarities between the two – both require members to be homogeneous and both provide liability insurance under…
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