Hotel Property Faces $4M Lawsuit After Boat Accident Injures Employee

You can imagine the scene: It’s the end of a long and hardworking summer season for managers at a...

Making Every Day Earth Day at Your Hotel and Restaurant

Way back in the bell-bottom dark ages of 1970, a new day was born: Earth Day. Millions of people...

Crowdfunding: Giving Individuals A Piece of the Real Estate Action

Crowdfunding is turning the real estate investment sector on its head: It allows a group of investors to pool...

Workin' the "Work-at-Home" Jam

Work it, baby! Millennials are moving up in industry, baby boomers are set to retire, and the number of...

Plug It In, Plug It In…Hotels Offer Electric Car Chargers

Electric cars. They’re quiet, they’re great for the environment, and they’re creating a clientele who seeks hotels where they...
Hospitality & Restaurants, Risk Insight
Hotel Property Faces $4M Lawsuit After Boat Accident Injures Employee
Hospitality & Restaurants
Making Every Day Earth Day at Your Hotel and Restaurant
Real Estate, Market Insights
Crowdfunding: Giving Individuals A Piece of the Real Estate Action
Market Insights
Workin' the "Work-at-Home" Jam
Hospitality & Restaurants
Plug It In, Plug It In…Hotels Offer Electric Car Chargers
boat accident
Hospitality & Restaurants, Risk Insight

Hotel Property Faces $4M Lawsuit After Boat Accident Injures Employee

You can imagine the scene: It’s the end of a long and hardworking summer season for managers at a trendy hotel on New York’s Shelter Island. They decide to celebrate by taking a friend’s fishing boat over to one of the local restaurants. On the way back, one of the managers at the helm of the boat, after drinking too much, crashes into the dock at the hotel property. A colleague gets injured in the boat accident with two broken bones in her leg, leaving her unable to properly walk since the accident occurred last September. The hotel is hit with a $4 million lawsuit as the accident occurred on its property – even though the employees were not working and the hotel did not own the boat.

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Hospitality & Restaurants

Making Every Day Earth Day at Your Hotel and Restaurant

Way back in the bell-bottom dark ages of 1970, a new day was born: Earth Day. Millions of people joined demonstrations that April 22 nearly fifty years ago to protest the deterioration of the environment. Oil spills, air pollution, not to mention toxic waste and wildlife extinction. Fast-forward to April 22, 2017:

Earth Day organizers are continuing the vision for change—through education, public policy reform, and consumer campaigns. 2017, specifically, is calling for a Teach-In on the environment and climate (packets available at EarthDay.org) and a March for Science on the Washington mall in DC.

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crowdfunding
Real Estate, Market Insights

Crowdfunding: Giving Individuals A Piece of the Real Estate Action

Crowdfunding is turning the real estate investment sector on its head: It allows a group of investors to pool their money together to fund real estate transactions. On-line platforms connect individuals to commercial real estate investments across the United States, making it easier for them and real estate companies to raise capital as compared to traditional channels.

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Work-at-Home
Market Insights

Workin’ the “Work-at-Home” Jam

Work it, baby! Millennials are moving up in industry, baby boomers are set to retire, and the number of companies that facilitate work-from-home jobs is on the up and up. In fact, it’s been growing for decade.

Ten years ago, according to the Bureau of Labor Statistics, 19% of the workforce did so from the comfort of their home office. Cue the footy pajamas. Now that figure is closer to a quarter of the workforce in the US and rising.

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electric car chargers
Hospitality & Restaurants

Plug It In, Plug It In…Hotels Offer Electric Car Chargers

Electric cars. They’re quiet, they’re great for the environment, and they’re creating a clientele who seeks hotels where they can charge up their vehicles after check in.

Eco-savvy travelers are often willing to pay a little extra so their BMW, Nissan Leaf, Honda EV, or top-of-the-line Tesla can get back in business without delay. And it looks like hotels near and far are heeding the call.

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large claims losses
Real Estate, Hospitality & Restaurants, Community Associations, Risk Insight

The Skinny on Having Higher Umbrella/Excess Liability Limits

The industry sectors we insure are big businesses in the U.S. For example, revenue in the hotel industry across more than 52,000 properties is estimated at $189-plus billion. This includes everything from limited service hotels to luxury full-service hotels and resorts. The restaurant industry boasts $1 million-plus locations representing 10% of the workforce with revenues of $799 billion. The community associations and the real estate sector are huge markets as well. Each of these niche markets require a total insurance solution to protect against an extensive list of exposures, including the potential for large claims losses, underscored by the examples of top verdicts provided by the National Law Journal.

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Travel Ban
Hospitality & Restaurants, Market Insights

How Tourism May Be Affected by the Travel Ban, Extreme Vetting, and Stronger Dollar

A confluence of events could have a real impact on tourism and the hospitality industry in the United States. There is the proposed travel ban of six countries by the Trump Administration, consideration of extreme vetting of foreigners entering the U.S. by the government, and a strong dollar that may dampen the spirits of visitors coming to our shores for sightseeing, some fun in the sun and great shopping.

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Exposures of Nonprofit Board Members
Cultural Institutions, Risk Insight

Addressing D&O Exposures of Nonprofit Board Members

D&O exposures of nonprofit board members include but are not limited to harassment, discrimination, wrongful termination, inefficient administration, financial mismanagement, negligence and acts beyond the granted authority.

Employment practices liability claims are the most common D&O claim of nonprofits. For example, a nonprofit terminated one of its executives because of multiple complaints of sexual harassment by employees. In turn, this executive sued the nonprofit and board of directors for wrongful termination and interference with contractual relations. While the nonprofit was successful, the cost of the long legal process exceeded $250,000.

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hotel composting
Hospitality & Restaurants

Composting 101 for Hotels

Wait, wait, don’t throw out those coffee grounds! Welcome to hotel composting 101: where your hotel makes a good environmental impact and saves money to boot. Composting programs (for food and plant matter) at hotels can start in the kitchen and exterior grounds and travel all the way into guest rooms. That’s right. A luxury hotel in Texas offers in-room organic material collection, AKA en suite composting for eco-friendly guests.

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Construction theft
Real Estate, Risk Insight

Construction Sites: A Playground for Thieves and Vandals

Industry experts estimate equipment theft and vandalism on construction sites cost companies billions of dollars a year. Construction theft includes materials such as timber and other valuable commodities (scrap metal and copper); tools; and equipment such as bulldozers, backhoes, generators and welders. Vandalism on worksites includes broken glass, graffiti, destruction of constructed work and damage to equipment and vehicles on site. Research shows that construction sites are most vulnerable to theft on weekends and an estimated 90% of all construction thefts take place between 6:00pm Friday and 6:00am Monday.

Construction firms engaging in all types of projects are susceptible to theft and vandalism, impacting the success of a project and everyone related with the project, including the property owner, project team, and contractors. In addition to the direct monetary losses, there are indirect costs due to project delays and lost productivity.

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robot hotels
Hospitality & Restaurants, Market Insights

Robot-Hotels in Your Future?

Could robot hotels be in our future? In Nagasaki, Japan, the future arrived last year and is planning to clone itself exponentially.

The Henn na Hotel, staffed by 140 robots (and a half dozen “flesh and bloods” like you and me), takes care of guests’ needs from check in to check out via robotic assistance.

Maybe you’ve done self-check-in on your laptop at a Marriott or even used your smartphone to open your room door at a Hilton. In several California hotels, robot butlers have been working the hallways to deliver extra towels and amenities. But the Henn na Hotel is taking tech to a whole new level.

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