Cultural Institutions

preventing slips trips and falls
Real Estate, Hospitality & Restaurants, Community Associations, Cultural Institutions, Risk Insight, Restaurants

Preventing the Top Insurance Claim: Slips, Trips, and Falls

Year after year, slips, trips, and falls remain the number-one insurance claim for property owners. More than three million people visit the emergency room each year because of falls, according to the CDC (Centers for Disease Control and Prevention). The average hospital visit costs $30,000 to $50,000. Add in factors like ongoing medical bills and lost wages, and the cost of claims mount. Serious slip-and-fall losses, in fact, have plagued the habitational and hospitality sectors, with negligent awards running into the millions. Yet most if not all of these claims are preventable.

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Hospitality & Restaurants, Cultural Institutions, Market Insights, Sustainability, Restaurants

Up-and-Coming Employee Benefits

Having awesome employee benefits has always helped ease the 9 to 5. But as the standard 9 to 5 work routine changes with the times, so do the benefits. Up-and-coming benefits that attract quality employees—and help retain them—are all about making the work-life balance more flexible and forward-thinking.

Flexible Scheduling

The majority of office jobs now have options for remote work built in to the schedule. This frees an employee up to pick the hours they work. More and more, employees prefer flexible hours and scheduling. And not just during a time of illness or emergency, but a flexibility that is year-round.

Forbes magazine has noted that remote work accounts for half of the entire US workforce. And they predict freelancers will take over the majority of the workforce in by 2027. Companies are increasingly outsourcing to remote workers, which in itself is the employees’ biggest benefit.

Flexible Paydays

Another upcoming trend in employee benefits is faster, more flexible systems to get paid. Employees prefer to be paid on demand and not have to wait for a set payday. Companies are paying attention to this request and setting up systems to allow employees to request pay more frequently, after accruing hours, of course.

Additionally, employees seek better financial advising from their employers. People, more than ever, are focusing on their long-term financial stability. Employers who offer more than just a paycheck tend to retain their employees.

Sabbaticals and Professional Development

“I really didn’t get a lot out of my sabbatical,” said no one ever. Companies that offer sabbaticals win twice over. First, it gives current employees something to work toward. For example, if an employee must hit a milestone before they take a sabbatical, they are more likely to be retained. Second, the rejuvenation that comes during and after paid time off is unparalleled.

Professional development is also a win-win for both employee and employer. To stay competitive, constant learning is essential. Providing opportunities for employees to advance themselves is highly desirable. It not only provides motivation for the employee, but it often results in a greater commitment. Student loan assistance and tuition assistance are invaluable benefits.

Diversifying the Diversity

Equity in the workplace continues to be an important stride for businesses. Companies who focus on diversifying their workforce traditionally have been doing so in terms of race and gender equity, slowly changing the playing field across all levels of operation.

We’ve also seen companies step up to provide better parental leave for employees, for both men and women. Some provide on-site daycare. However, companies are widening those efforts, too. By providing benefits for employees who are caring for aging parents or sick partners, there is more equity.

Improving Health

Like flexible scheduling, we’re seeing employees seek remote health options more. This includes telemedicine ordering and telehealth visits: doctor evaluations via video chat or phone call. Patient portals abound, and employees appreciate a flexible approach to their healthcare.

Ultimately, a healthy employee is a happy employee. Health benefits for your employees can go far beyond the healthcare provided. Gym memberships are very popular. Money designated to go toward a variety of health and wellness options is a great choose-your-own benefit. Offering five- or ten-minute chair massages once a month in the office can really make a difference, too.

What Would Your Employees Like?

Every workplace is a little different than the next. Getting the pulse of your office can help determine what smaller benefits make the work day just a little bit nicer.

Maybe fresh flowers in common areas, or non-flowering plants scattered throughout. A variety of on-site snacks can be a crowd-pleaser. While one week doughnuts may be a hit, the next, cut watermelon and grapes are a welcome change. A company-wide retreat? Free weekly outings?

It’s best to poll the group to see what they’d like. However you are able to provide more benefits, it will be noticed and appreciated by the team.

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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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historic properties
Hospitality & Restaurants, Cultural Institutions

The Unique Challenges of Historic Hotel Properties

The National Register of Historic Places includes more than 95,000 historic properties. Guests and tenants of these properties delight in their grandeur and uniqueness, while these exceptional buildings provide a sense of status and prestige to a property owners portfolio.

Other benefits come with owning a historic property such as significant tax credits, but not without challenges. Historic properties should look the same as they did in the past or the tax credit will be revoked, meaning maintenance, renovations, repairs and replacement of the unique features due to damages from events such as fire or flooding can be complex.

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Historic Castle
Cultural Institutions

New Historic Properties Insurance Program

Today Distinguished announces the launch of its Historic Properties Program. The program will provide a property & casualty package, along with a high limits umbrella and other coverage for historic properties throughout the United States. Qualifying exposures include hotels, museums, theaters, commercial buildings, commercially operated historic homes and preservation organizations.

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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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Cultural Institutions, Market Insights

Pokémon GO Boosts Foot Traffic at Cultural Sites


Pokémon at MoMA

The Pokémon GO game, a mobile location-based augmented reality game that’s centered around the popular 90’s game, has surged in popularity over the past week. The game challenges users to get outdoors to explore, collect, and train Pokémon while finding items at PokéStops to give them a competitive edge — and explore they have.

PokéStops are located at relevant cultural landmarks such as religious buildings, parks, museums, and even outdoor art sculptures and murals. Reports have continued to stream in on the positive impact that the game is having on visitor rates at museums and landmarks as players young and old let their imagination and enthusiasm take hold.

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Real Estate, Hospitality & Restaurants, Community Associations, Cultural Institutions, Risk Insight

How to Help Customers Understand the Importance of Umbrella Coverage

Here at Distinguished a lot of our customers question why umbrella coverage is necessary, especially for entities like condominium associations that aren’t perceived to be high risk. Most feel confident that they won’t experience severe losses, and consequently that they don’t need to spend money they may not have in order to purchase an umbrella policy. It’s a valid point. If you haven’t gone through a horrific claim experience (and we hope you never will), it’s hard to imagine the impact from an emotional perspective, much less financial.

Nevertheless, tragedy can strike despite the most careful attention to loss prevention. And when you, your association, or family are involved in one of these tragedies, the last thing you want to be worried about is your insurance.

So, the best way we can answer the question of why umbrella coverage is necessary is to tell stories. Stories about everyday folks who, despite their best intentions, found themselves in the middle of horrible claim situations.

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Cultural Institutions, Sustainability

Earth Month Spotlight: Cultural Institutions

Earth Day has come and gone, but we aren’t quite finished with our Earth Month coverage. For our last segment, we look at how cultural institutions are trying to embrace sustainability despite considerable challenges.

Museums, especially art museums, tend to have very demanding and precise requirements for temperature and humidity control, making certain sustainability practices, and LEED certification, difficult. Some are taking strides, however, to show that it can be done: Museums can go green.

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Real Estate, Hospitality & Restaurants, Community Associations, Cultural Institutions

You Asked, We Listened


Our customers hold the keys to our success. That’s one thing we’re sure of as we set our course for the future. We are confident that the constant improvement of our customers’ experience will prove to be a powerful value differentiator. Recently, we have started our journey to ask, listen, and act on feedback about how we can improve our products and customer service. Here are some recent examples of how we are acting on this feedback:

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Image - Skyline
Real Estate, Hospitality & Restaurants, Community Associations, Cultural Institutions, Market Insights

IBA Checks In With Distinguished’s COO

As markets continue to grow, largely due to the rebounding economy and increase in construction nationwide, the need for risk-management specialists and professionals becomes even more necessary. Carla Vel, Distinguished Programs’ President and Chief Operating Officer, sat down with Insurance Business America

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Cultural Institutions

How to Insure American Treasures

When you stand before all 21-plus feet of the Emanuel Leutze masterpiece, “Washington Crossing the Delaware,” in the Metropolitan Museum of Art, do you ponder the cold and arduous journey the painting depicts, or the painstaking effort the artist went through to cover the canvas? If you’re like us, the answer is “no.” That’s because we’re looking around the room, thinking , “what an enormous challenge to manage and insure these institutions!”

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