Category

Hospitality & Restaurants

hospitality umbrella
Hospitality & Restaurants

Distinguished Rebrands Hospitality Umbrella Program to Reflect Different Niche Markets

Distinguished Programs has been insuring the hospitality industry for more than 25 years, providing high-limit Excess/Umbrella Liability coverage to protect against catastrophic losses. To better serve our agency partners looking for an Umbrella home for their accounts, we’ve rebranded our programs to reflect each market within the hospitality sector.

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restaurant winterization amid covid
Hospitality & Restaurants

Restaurant Winterization Amid COVID

With months of shut down, public anxiety over dining out, and capacity limitations, the restaurant industry has been among those most affected by COVID-19. This year has undoubtedly been challenging, but luckily the industry has been able to get creative and continue operating — from expanding patios into nearby streets or pivoting to an entirely new business models. But with winter fast approaching, many operators are looking for ways to keep outdoor dining alive.

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resilience of restaurant industry
In the Press, Hospitality & Restaurants

Resilience of Restaurant Industry Continues Amid COVID, Tough Insurance Market

The restaurant industry no doubt has been among the hardest hit amid the coronavirus as a result of mandatory lockdowns during the initial phase of the pandemic and subsequent ongoing capacity restrictions and other requirements that have significantly impacted operations. Yet during these challenging and unprecedented times, we’ve seen the industry put its creativity to work to continue generating revenue. We turned to Heidi Strommen, president, ProHost USA, a division of Distinguished Programs, to share some of her insights on the state of the restaurant industry and how it’s faring, not only in the wake of COVID-19 but also during today’s hard insurance market. ProHost USA is a leading specialty insurance program for restaurants and related risks that include fine dining, family dining, fast casual, catering, and wine bars.

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Municipalities support local restaurants
In the Press, Hospitality & Restaurants

NYC Restaurants Getting the Support of Local Government Amid COVID

According to the National Restaurant Association, some 100,000 of the one million restaurants and bars operating in the U.S. before the pandemic are expected to permanently close by the end of this year as a result of the economic upheaval caused by the coronavirus. But municipalities around the country, including in New York City, are taking steps to help restaurants survive this crisis, including relaxing regulations and facilitating permits for outdoor dining.

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fire prevention safety tips
Hospitality & Restaurants, Community Associations, Risk Insight

Fire Prevention Safety Tips

While deaths from fires have steadily decreased over the past several decades, thousands of Americans die by fire every year, and thousands more are injured. According to FEMA estimates,  the damage from fires cost over $25.6 billion in 2018 alone. Following a summer of record-breaking wildfires, comes the peak time for fire-related deaths: the winter months. Fire prevention week —last week, October 4 -10, 2020 — is the perfect time to review and practice fire safety.

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vacant building and builders risk insurance markets
Real Estate, Hospitality & Restaurants

What’s Happening in the Vacant Building & Builder’s Risk Insurance Markets?

The pandemic caused unprecedented business closures during April and May across the country, particularly in the hospitality and retail sectors; sent professionals home to work remotely; emptied out office buildings; and shut down construction projects.  We offer some insights on what we are seeing to date in both our Vacant Building and Builder’s Risk & Remodeler’s Risk insurance programs, and what we expect to see moving forward.

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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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risks of turning hotels into dorms
Hospitality & Restaurants, Risk Insight

Inside the Liability Risks of Turning Hotels Into Dorms

Over the last several months, hotels have been coming up with innovative ways to generate revenue and stay afloat with tourism virtually nil and business meetings going virtual amid the pandemic. Some hotels are offering on-site offices while others have extended their pool hours to attract more guests. But some hotels have pivoted to provide college students with long-term housing as an alternative to living in a dorm room in an effort to help co-eds and universities meet social-distancing requirements and fill hotel vacancies.

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fitness center risks
Hospitality & Restaurants, Risk Insight

Mitigating Fitness Center Risks

Industry experts estimate that 59% of U.S. business travelers used hotel gyms prior to the coronavirus pandemic. As gyms across the country, including those in hotels, reopen, hotel owners need to worry about both the coronavirus and traditional fitness center risks.

Controlling the spread of coronavirus in gyms is likely at the forefront of everyone’s mind. With local public health guidelines, business owners’ responsibilities are clearly laid out: reduce capacity to ¼ to ⅓ of what it previously was, implement face mask requirements, operate with a high filtration air handling system, etc. While adhering to these requirements is incredibly important, disregarding other risks is foolish and potentially harmful. Even amid a stressful and chaotic time, businesses must continue to protect themselves against non-covid-related risks and remain vigilant.

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labor day safety for restaurants and community associations
Hospitality & Restaurants, Community Associations

Labor Day Safety for Restaurants and Community Associations

Labor Day is just around the corner, which means it’s the perfect time to kiss summer goodbye and host a socially-distant event at your restaurant or community association. By now, you probably have a strict list of health and safety guidelines set in place to prevent the spread of COVID-19 during these unprecedented times. But if you are planning on welcoming guests for a get together this Labor Day weekend, it’s important to acknowledge a couple of less-obvious risks: the liabilities presented when serving alcohol or inviting community members to cook out on the grill.

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pool and spa safety
Hospitality & Restaurants, Community Associations, Risk Insight

Pool and Spa Safety

While some community association pools remain closed, others are open, under new, socially distant protocol. Ensuring that residents are safe from COVID-19 is likely at the forefront of community association owners’ minds, but the possibility of an injury caused by unsafe pool and spa practices is still an important consideration. In addition to a full-coverage insurance package, taking precautionary measures to prevent future injuries from occurring is imperative. Here are a few safety tips to share with your insureds who are opening outdoor aquatic facilities this summer:

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creative ways restaurants are responding to covid
In the Press, Hospitality & Restaurants

Creative Ways Restaurants Are Responding to Coronavirus

While restrictions have eased and restaurant sales are seeing an increase, the restaurant industry is far from normal. During the first three months of the pandemic alone, the National Restaurant Association estimates that the restaurant and foodservice industry lost over $120 billion of revenue. And over half of all restaurants are expected to remain permanently closed.

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the legal challenge of reopening restaurants
Hospitality & Restaurants

The Legal Challenges of Reopening Restaurants

Restaurants have had a heck of a hard time during the pandemic, shut down for months with some operations able to ramp up their take-out and delivery services to make up for revenue shortfalls, then reopening in-person dining across the country only to face new restrictions in many states because of a surge in COVID-19 cases. A number of states now only allow outdoor seating at restaurants while most eateries must adhere to a patchwork of state rules – from restricted seating capacity to placing tables six feet apart – in order to keep employees and customers safe.

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