Top Five Vacant Building Losses

The National Fire Protection Association (NFPA) estimates that U.S. fire departments respond to an average of 30,200 structure fires...

Inside the High Stakes of Liability Risks for Hotel Casinos

Liability risks for hotel casinos run the gamut – from a third-party vendor’s wrongful actions to public security and...

5 Top High-Limit Hotel Claims

There are countless exposures inherent in running a hotel or resort that can result in hotel claims with major...

‘Tis the Season to Celebrate: Happy Holidays

To all of our clients and vendors, from all of us at Distinguished Programs, we wish you a joyous...

Risk Management Programs Critical to Help Keep Small Business Insurance Costs in Line

How much small business insurance costs depends on many different factors, including the type of operation and its location,...
Real Estate, Risk Insight
Top Five Vacant Building Losses
Hospitality & Restaurants
Inside the High Stakes of Liability Risks for Hotel Casinos
Hospitality & Restaurants
5 Top High-Limit Hotel Claims
Distinguished Life
‘Tis the Season to Celebrate: Happy Holidays
Real Estate, Hospitality & Restaurants, Community Associations
Risk Management Programs Critical to Help Keep Small Business Insurance Costs in Line
Hotel Casino Risk
Hospitality & Restaurants

Inside the High Stakes of Liability Risks for Hotel Casinos

Liability risks for hotel casinos run the gamut – from a third-party vendor’s wrongful actions to public security and safety during an event, cyber crime, and premises slips and falls – that can end up costing the house a fortune. Sean Young, Associate Vice President, Distinguished Programs, in his recent article, “Four Risks on Which Hotel Casinos Can’t Gamble,” in Hotel Business Review, explores these risks and the steps that operations should take to reduce their exposures.

In the article, Sean provides examples for each risk that could potentially financially upend a hotel casino. For example, a casino may be named in a lawsuit against a third-party transportation vendor involved in a vehicular accident in which several hotel passengers were injured. Making sure the hotel casino is named as an additional insured in each of its third-party vendor’s Liability insurance policies as well as requiring each vendor to carry high limits of liability coverage are key in mitigating a hotel’s exposure.

Sean also highlights the importance for hotel casinos to minimize the public security and safety risks that arise from their entertainment venues and event centers. The 2017 Las Vegas shooting at MGM Resorts International’s Mandalay Bay resort resulted in thousands of liability claims with a price tag of up to $800 million. Sean provides several steps to take to lower the risk profile of an entertainment venue and the types of issues insurance underwriters review. 

Cyber crime, which has hit every industry, is no stranger to the hospitality sector, including hotel casinos that possess critical personal identifiable information (PII). This data collected through customer credit card transactions, reward programs, and online casinos is what criminals are looking to get their hands on and exploit. Exposure to ransomware and cyber extortion is also on the rise. There are several security measures hotel casinos should be taking to prevent losses, along with purchasing Cyber Liability insurance to respond in the event of a data breach or other cyber-related attack.

As slips and falls top the list of claims made in the hospitality industry, Sean stresses the need for hotel casinos to implement and manage robust loss prevention measures throughout the facility including providing ongoing employee education and training and ensuring ADA compliance.

Distinguished Programs specializes in providing hotel casinos with high-limit Umbrella insurance, designed to address catastrophic liability losses. Limits are available up to $250 million. Additionally, we offer risk mitigation and management services to help insureds prevent and minimize potential losses.

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Distinguished Life

Distinguished Programs Hires Experienced Insurance Pro, Paul Zeni, as New Sales Executive

Sales force expansion continues with Paul Zeni assuming role as company’s new Northern California Regional Sales Executive

NEW YORK, Jan. 8, 2020 – Distinguished Programs, a national insurance program manager, today officially announces it has hired commercial insurance sales executive Paul R. Zeni as its new Northern California Regional Sales Executive. Zeni brings approximately 35 years of diverse insurance industry experience to this new role.

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small business insurance
Real Estate, Hospitality & Restaurants, Community Associations

Risk Management Programs Critical to Help Keep Small Business Insurance Costs in Line

How much small business insurance costs depends on many different factors, including the type of operation and its location, its exposures, the industry served, claims history, etc. The coverage features and policy terms in an insurance program, along with its policy limits, of course, also affect the cost of coverage.  Additionally, today’s firming insurance market is impacting the cost of insurance across the board, including in all industry sectors.

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tamper-resistant receptacles
Hospitality & Restaurants

Child-Proofing Hotel Guest Rooms: Ensure Your Clients are NEC-Compliant

The National Electrical Code (NEC) issued an update in 2017 requiring all new and renovated hotel guest rooms and suites to have tamper-resistant receptacles (TRRs) placed on all outlets. TRRs are designed to prevent electrical hazards, particularly for young children who tend to stick things into outlets. This most recent update by the NEC expands its requirement of TRRs from homes to other types of new and renovated properties, among them hotels and motels.

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Impact of Losses to Historic Properties
Historic Properties

Impact of Losses to Historic Properties that Goes Beyond Physical Damage

When historic properties, such as hotels, country clubs, theatres, museums, commercial buildings and commercially operated historic homes, experience property damage due to a fire or other covered property loss, the potential fallout from such a loss goes way beyond having to repair or rebuild the structure. There are many insurance considerations to take into account when covering these properties to ensure they are adequately protected. In addition, it’s important that the property’s historical significance is maintained after a loss.

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Slip and Fall Prevention
Risk Insight

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, and tenants are within their rights to notify law enforcement if the removal is not done. 

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Distinguished Life

From Our Family to Yours, Happy Thanksgiving

Happy Thanksgiving from all of us at Distinguished Programs. On this day of thanks, we want to share our genuine appreciation for you. We wouldn’t be where we are today without our broker partners. We value our relationship and look forward to the opportunity to continuing to work with you.

Have a wonderful holiday celebration with family and friends, and safe travels!

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Business Interruption for Restaurants
Hospitality & Restaurants

Business Interruption for Restaurants: Opening the Doors After a Loss

After Super Storm Sandy hit the East Coast five years ago, many restaurants suffered devastating property damage. But even more restaurants experienced significant business interruption losses including those resulting from downed power lines and outages. In addition to securing responsive Commercial Property insurance to step in to help a restaurant rebuild after a property damage loss, ensuring that Business Interruption coverage is included as part of a comprehensive program can be the difference between closing down for good or hanging up the welcome sign again.

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Ordinance or Law
Real Estate

Ordinance or Law: Digging Deeper into Property Insurance for City Homes

In reviewing a multi-unit property owner’s insurance needs for a condo, apartment building, co-op, brownstone, or mixed-used structure, there are many exposures to address and ensure that coverage will respond. Having replacement cost coverage with Commercial Property insurance is one important feature of a sound program but making sure that the policy will also address many of the costs involved in rebuilding after a loss is equally important.

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Risk of Legionella at Hotels & Resorts
Hospitality & Restaurants, Risk Insight

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 in litigation with people affected by the outbreak. The lawsuit accuses the hotel of failing to either adopt or follow a water management plan to prevent the spread of the Legionella bacteria.

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comprehensive risk management
Cultural Institutions

Comprehensive Youth-Protection Risk Management Required at Museums & Cultural Institutions

Most museums and cultural institutions host programs and events for children – from art classes and workshops to activities like scavenger hunts throughout the galleries, movie nights and flashlight exhibitions that involve sleepovers at the museum. Performing art centers also sponsor children’s programs including symphonies, musicals, theater workshops, dance classes and summer camps.

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