How to Protect the Assets of Museums & Cultural Institutions with D&O and Excess Insurance

Often non-profit museums and cultural institutions are unaware of the significant need for – and benefit of – a...

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...

Why Replacement Cost Over Market Value Makes Sense for Multi-Family Homes

Distinguished Programs specializes in providing insurance for City Homes and New York Brick & Brownstone properties. Often questions arise...

Equipment Breakdown Insurance Keeps Operations Running Smoothly

The hospitality industry – including restaurant establishments – has a critical need for Equipment Breakdown insurance. A breakdown in...

Grill and Fire Pit Safety

Grills and fire pits are common outdoor features in backyards across the country as well as at small multi-family...
Cultural Institutions
How to Protect the Assets of Museums & Cultural Institutions with D&O and Excess Insurance
Community Associations
The Ins & Outs of Homeowners Association Insurance
Real Estate
Why Replacement Cost Over Market Value Makes Sense for Multi-Family Homes
Hospitality & Restaurants
Equipment Breakdown Insurance Keeps Operations Running Smoothly
Real Estate
Grill and Fire Pit Safety
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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Market Value
Real Estate

Why Replacement Cost Over Market Value Makes Sense for Multi-Family Homes

Distinguished Programs specializes in providing insurance for City Homes and New York Brick & Brownstone properties. Often questions arise from property owners on how to best determine the amount of coverage they need to purchase under their Commercial Property policy – whether this should be based on the building’s market value or replacement cost value. We put together an info sheet, “Understanding the Difference: Market Value vs. Replacement Cost,” to help agents and brokers explain how each property valuation methodology works and the benefits of insuring a property with Replacement Cost coverage.

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Real Estate

Hurricane Season: Understanding the New Normal

Hurricane season is approaching, and with it, a new reality when storms hit properties in its path. According to a recent report put out by Zurich North America, one of our key carrier partners, despite the overwhelming evidence of a “new normal,” communities are not taking broad action to protect their coastal areas and vulnerable properties and infrastructure. The risks remain high for property owners.

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Historic Properties
Historic Properties

Covering Historic Properties in the Wake of Notre Dame

When a historic property is damaged, most will not receive a flood of donations to restore it to its original state, like the Notre Dame cathedral did.  In a recent Insurance Journal podcast, Distinguished Program’s own Kurt Meister, senior VP, discusses the Historic Properties Program and the challenges of bringing a historic structure back.

While most insurance policies cover restoring the function of a building, they do not cover replicating the original, often ornate, historic features that make these properties so culturally significant.

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cyberattacks
Hospitality & Restaurants

Hotels Are a Target for Cyberattacks

The last thing your hotel guests want to discover is that your computer system suffered a cyber breach and all their personal information was leaked. The hospitality industry continues to be a target for cyberattacks due to the wealth of e-info it amasses—credit cards, names, addresses, just to name a few. When a cyberattack hits, the damage can go from bad to worse: from stolen data and locked software to costly fines and major damage control of a brand name. The threat of cybercrimes is so high that we’ve developed three useful white papers to share with your insureds.

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cybercrimes
Community Associations

Community Associations Stepping Up to Prevent Cybercrimes

While community associations may tend to focus on the physical, concrete issues pertaining to their communities, a community’s risks in cyberspace are gaining widespread attention. And it’s warranted—more than half of all malware attacks target small businesses. And with cybercrimes racking up $100 billion in damages annually, it’s more important than ever to safeguard the data that community associations store.

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hiring contractors
Real Estate

Best Practices for Hiring Contractors

Spring is ramping up, and so are the construction jobs and renovations! But do your clients know the ins and outs of hiring contractors? Are their contractors OSHA certified or have they received recent complaint? Are their contracts all up to snuff, and how about the contractors’ insurance coverage? As residential and commercial property owners embark on routine maintenance projects or much-needed repairs,

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uncovered exposure
Hospitality & Restaurants, Risk Insight

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 been making headlines nationwide.

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fraud
Community Associations

How to Prevent Fraud in Your Community Association

What makes community associations a major target for fraud? To start with, it may be the misconception that only big businesses suffer from embezzlement or fraudulent practices. And when you factor in the self-managing nature of communities—and that neighbors typically trust neighbors—when money is stolen or mismanaged, it can lead to serious repercussions for everyone in the association.

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restaurant umbrella
Hospitality & Restaurants

ProHost USA Acquired By Distinguished Programs

Our restaurant program just got a new addition to its menu! Distinguished Programs is excited to announce the acquisition of ProHost USA, a leading specialty insurance program in the hospitality industry. Based in Minneapolis, ProHost has a strong 30-year track record of providing tailored packages for family, fine dining, and fast casual restaurants as well as start-ups, wine bars, and caterers!

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