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Risk Insight

number one insurance claim
Real Estate, Hospitality & Restaurants, Community Associations, Cultural Institutions, Risk Insight, Restaurants

Preventing the number-one 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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Preparing Office Buildings for Re-Entry
Real Estate, Risk Insight

Opening the Doors to Office Buildings, Shops: Preparing for Re-Entry

Click here for a downloadable safety info sheet

Office buildings, strip malls, indoor malls, light warehouses, and other commercial facilities have been closed for the past two months and more as a result of city COVID-19 stay-at-home and shelter-in-place orders. Non-essential employees for the most part have been working remotely up to now, with many gearing up to return to work as state and city restrictions are lifted throughout the country.

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Keep Community Associations Safe
Risk Insight

How to Keep Community Associations Safe as Stay-at-Home Restrictions Are Lifted

Click here to for a downloadable safety info sheet.

The COVID-19 crisis raises concerns for property managers, board members and the more than 73 million Americans who call condominiums, co-ops, gated communities and the like with community associations home, as stay-at-home restrictions are lifted and individuals once again begin using common areas and amenities like swimming pools, playgrounds, rec rooms, gyms, laundry rooms, business centers, etc. Living in such close quarters and sharing various spaces can make social distancing more difficult and present community associations and its residents with challenges that need to be addressed as everyone navigates through this unknown territory.

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Offices to Get a Makeover
Risk Insight

Offices to Get a Makeover to Keep Staff Safe Post-COVID Lockdown

Over the years professional businesses moved from private offices to open floor plans and collaborative workspaces designed to support ease of communication among employees and encourage teams to work effectively together. This is all set to change in the wake of the COVID-19 pandemic that emptied offices and sent professionals home to work. With stay-at-home restrictions being cautiously lifted, the office workspace is being reimagined to address safety and health issues amid the virus outbreak. 

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Risk Mitigation Covid-19
Market Insights, Risk Insight

Risk Mitigation Takes Center Stage in the Wake of COVID-19

The coronavirus has disrupted businesses across every industry sector, forcing operations to scale back, furlough staff, and/or temporarily close – resulting in a significant economic hit, to say the least. Among the many issues to become clear during this crisis is the increased role risk assessment and risk mitigation will play in business recovery and sustainability moving forward. Insurance agents will hold an even a greater role in helping businesses in the risk-assessment process.

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Liability Immunity from COVID-19
Market Insights, Risk Insight

Businesses Call for Liability Immunity from COVID-19 Litigation

As restrictions are lifted and businesses begin to slowly reopen amid the coronavirus pandemic, they are working to keep their employees and customers safe – following CDC and FDA guidelines that include implementing social distancing requirements, providing workers with personal protective equipment (face masks, gloves, etc., depending on the industry), upgrading cleaning and sanitizing practices, and making workspace floor plan changes, among many other recommendations. But for many businesses, including restaurants, retailers and others, there is fear that if a customer or employee is infected by the virus he or she will turn to the courts alleging the business is responsible for their illness. As a result, businesses are turning to the government for liability protection. 

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social media cyber threats
Risk Insight

CEOs See Cyber Threats from Their Social Media Platforms

Social media has impacted so many aspects of our personal and business lives over the last decade as it’s evolved from a way of individuals keeping in touch into various platforms where people get their news, companies advertise their services and products, influencers get paid to hawk products, and consumers share their delight or vent their dissatisfaction. While changing the way we communicate, social media has also raised questions around privacy and the increasing cyber threats to businesses and their communications outlets, including the social media platforms of CEOs.

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Covid-19 Crime Prevention
Real Estate, Hospitality & Restaurants, Risk Insight, Restaurants

Covid-19 Crime Prevention: The Need to Step Up Security of Unoccupied Establishments, Limited Operations

In response to the COVID-19 pandemic, across the country local and state decrees have mandated non-essential businesses to close or limit operations, including restaurants and bars, in order to help prevent the spread of the virus. In addition to having been hard hit by the loss of income and employee layoffs, a spike in burglaries is also unfortunately another fallout of the COVID-19 crisis for many of these businesses.  

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mitigating Covid-19 Outbreaks
Community Associations, Risk Insight

Mitigating COVID-19 Outbreaks at Multifamily Buildings

The COVID-19 death toll now tops 14,000 nationwide with officials warning that within the next weeks we could experience an even more alarming rate of infections and deaths. As more cases arise across the country, it’s critical that apartment owners, condominium associations, and HOAs continue to take precautionary measures to help stop the spread of the virus.

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Coronavirus
Market Insights, Risk Insight

Impact of Coronavirus on Business: Cancelled Events, Online Meetings, Remote Work

The state of the coronavirus (COVID-19) epidemic is fluid as the number of infected individual cases worldwide reaches more than 118,000 and the death toll surpasses 4,000, according to the most recent information from the World Health Organization (WHO)*. As the contagion continues its rapid spread around the world, the impact is being felt on numerous fronts including in the travel and hospital industry as events, meetings and conferences are cancelled as well as on businesses in general, which are increasingly limiting and restricting employee travel and turning to remote work in an effort to keep workers safe.

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Hotel Data Breaches
Hospitality & Restaurants, Risk Insight

Hotel Data Breaches, Other Attacks Underscore the Need for Cyber Insurance

In mid-February, MGM Resorts confirmed that, in the summer of 2019, the personal data of some 10.6 million guests was exposed on the dark web, potentially for hackers to abuse. The leaked data, according to ZDNet, included guests’ names, addresses, phone numbers, emails, and birthdates. MGM in its statement said, “It was confident that no financial, payment card or password data was involved in this matter…and that [it] promptly notified guests potentially impacted by this incident in accordance with applicable state laws.” MGM also said that it had retained the services of two cybersecurity forensics firms to investigate last year’s server exposure.

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Slip and Fall Prevention
Risk Insight

Winter Is Coming: Slip and Fall Prevention Tips for Property Owners

Weather-related conditions create additional hazards for commercial and habitational property owners who are responsible for ensuring that all walkways and driveways in front of the building and parking lots are safe. For example, in apartment complexes, residents are not responsible for snow and ice removal. The property owner or holding company is responsible for this, and tenants are within their rights to notify law enforcement if the removal is not done. 

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Risk of Legionella at Hotels & Resorts
Hospitality & Restaurants, Risk Insight

Water Management: Keeping Hotel Guests & Employees Healthy and Safe from Legionella

The Legionella outbreak this past summer that killed one person and resulted in 12 lab-confirmed cases of Legionnaires’ disease and 63 reported probable cases from people who either stayed or visited an Atlanta, Georgia hotel is a reminder of how deadly and costly an outbreak can be for hotels and resorts. The Atlanta hotel is in litigation with people affected by the outbreak. The lawsuit accuses the hotel of failing to either adopt or follow a water management plan to prevent the spread of the Legionella bacteria.

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