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...

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...

Best Practices to Help Insureds Prevent Construction Site Theft

During a construction project, protecting the site along with the materials and equipment can become quite a challenge. Following...

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...

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...
Historic Properties
Impact of Losses to Historic Properties that Goes Beyond Physical Damage
Risk Insight
Winter Is Coming: Slip and Fall Prevention Tips for Property Owners
Real Estate
Best Practices to Help Insureds Prevent Construction Site Theft
Distinguished Life
From Our Family to Yours, Happy Thanksgiving
Hospitality & Restaurants
Business Interruption for Restaurants: Opening the Doors After a Loss
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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Protect Community Association Funds
Community Associations

How to Protect Community Association Funds with a Crime & Fidelity Policy

Community associations are particularly vulnerable to embezzlement because of the access employees have to both an association’s assets and financial records. In fact, the average loss caused by employee dishonesty is $140,000 with one in every five cases reporting a loss of at least $1 million.

The typical organization loses five percent of its revenues to fraud each year. Common examples of fraud impacting all types of companies include:

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historic properties
Historic Properties

Why Historic Properties Require Specialized Business Interruption & Extra Expense Insurance

Historic properties require specialized Property insurance to make sure the costs involved to restore the property are covered. In addition, revenue-producing historic properties need Business Interruption (BI) and Extra Expense coverage tailored to address their unique exposures. Historic properties typically take more time to restore or rebuild after a covered property loss because of their significant aesthetic and architectural details, construction techniques and the artisans required to perform the work. For example, a historic property may include features such as hand-carved millwork, historic flooring and fine art murals.

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Real Estate

Mitigating Water Damage Risks in Multi-Family Buildings

Water damage is among the leading property claims payouts for insurance companies. In fact, the annual cost to insurance companies from water damage and mold, according to the Water Damage Defense, is $2.5 billion. Water damage can stem from various sources including: internal leaks, valve failure, or a supply line failure in a water heater; washing machine failures; frozen pipes; bathroom fixtures; appliance leaks; faulty plumbing; leaky roof; and an aged sewage system.

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Property Insurance
Historic Properties, Real Estate, Community Associations

Understanding Property Insurance for Niche Markets

While Commercial Property coverage is an integral component of an insurance program for all businesses, the type of coverage secured depends on the niche market served and its exposures. Different policies protect against different risks. Some cover only those risks named in the policy, and others cover all risks except for those that are excluded.

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Homeowners Association Insurance
Community Associations

The Ins & Outs of Homeowners Association Insurance

Insuring homeowners associations (HOA) means procuring several essential coverages that, at first glance may seem simple enough, but upon closer examination requires a real understanding of the provisions and features that separate sound, comprehensive coverage from the basics. From Commercial Property to General Liability, Umbrella, Crime, Directors & Officers Liability, and Employment Practices Liability insurance, knowing what is and isn’t covered, any sub-limits involved, how and when coverage applies, among other factors, is essential in differentiating yourself in the market to your HOA clients. Let’s look inside some of the considerations of the business insurance coverages an HOA should be carrying.

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