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Risk Insight

winter fire safety tips
Risk Insight

Winter Fire Safety Tips

More home fires happen during the winter months than at any other time of the year. Heating, holiday decorations, winter storms, and candles all contribute to the increased risk of fire. As temperatures drop and people spend more time indoors, it is important to keep fire safety in mind. Read on for tips from the National Fire Protection Association (NFPA) and the U.S. Fire Administration to help reduce winter fire risks and share with your clients’ tenants.

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winter sidewalk liability
Risk Insight

Winter Sidewalk Liability

Winter is right around the corner and so is icy, slippery sidewalks, parking lots, and other surfaces and questions of liability regarding slips, trips, and falls. While business managers should be taking steps to mitigate risks, such as shoveling or salting surfaces, accidents can happen. And in the event of someone slipping on an icy surface outside of your home or business, are you liable? You can be, but that depends on where you live and the circumstances.

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slip, trip, and fall season approaching
Risk Insight

Get Ready for Slip, Trip, and Fall Season

The Centers for Disease Control and Prevention (CDC) estimates that more than one million Americans suffer a slip, trip, and fall injury and more than 19,000 people die in the U.S. annually because of these injuries. About 20% to 30% of people who experience a slip and fall will suffer moderate to severe injuries such as bruises, hip fractures, or head injuries, according to the CDC. These injuries can inhibit mobility and hamper independent living. Slip, trip and fall accidents are also the common cause of traumatic brain injuries (TBI), which account for 46% of fatal falls among older Americans. The most common fractures that occur from slip and fall accidents are fractures of the spine, hip, forearm, leg, ankle, pelvis, upper arm, and hand.

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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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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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business continuity planning
Risk Insight

Business Continuity Planning: Are You Prepared?

When disaster strikes, it can cost money. The lost revenue and extra expenses incurred by business interruption reduces profits — and insurance cannot cover all costs. Through the implementation of continuity plans, the strongest businesses are able to maintain their operations amidst natural disasters, economic crises, or even so-called “black swan” events like the COVID-19 pandemic. 

According to one survey from earlier this year, roughly 51 percent of companies around the world had no emergency plans in place prior to the COVID-19 outbreak. As the pandemic continues, however, more businesses are embarking on the business continuity planning process.

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HVAC Risk
Risk Insight

Inside the HVAC Risk and COVID-19 Exposure in Restaurants, Office Buildings

COVID-19 is spread either by inhaling respiratory droplets or, more rarely, touching a contaminated surface and then your eyes, according to the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC). However, aerosol transmission of the disease cannot be ruled out, says WHO, with the possibility that the virus can be transmitted through the heating, ventilation, and air-conditioning systems (HVAC). WHO guidelines state that airborne transmission of the coronavirus may be possible indoors, especially for people who spend extended periods in crowded, poorly ventilated rooms.

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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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are you hurricane prepared
Risk Insight

Are You Hurricane-Prepared?

Hurricane season is here — and although fortunately up to now we have had fairly little activity, there is no reason to sit back. The National Oceanic and Atmospheric Administration (NOAA) has predicted a 60% chance of an above-normal season, with as many as 19 named storms and up to 10 hurricanes coming our way. To make matters even potentially worse is COVID-19. Community leaders and emergency workers are concerned that a wide-scale catastrophe can present greater logistical challenges as they respond to evacuations amid a pandemic, and recommend that families and individuals take action now to put storm preparedness and protection measures in place if they aren’t already.

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