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,...

Impact of COVID, Insurance Market on NY Brick & Brownstone and City Homes Programs

Recently we spoke with Katie Vespia, Program Manager for Distinguished’s NY Brick & Brownstone (NYB&B) and City Homes programs...

Top Ted Talks

While gaining industry-specific knowledge and skills is helpful, personal development is equally, if not more, important when it comes...

Fall and Winter Pandemic Predictions

Since early in the pandemic, infectious-disease experts have predicted a “second wave” of infections and deaths. Based on the...

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...
Risk Insight
Get Ready for Slip, Trip, and Fall Season
Real Estate
Impact of COVID, Insurance Market on NY Brick & Brownstone and City Homes Programs
Restaurants
Top Ted Talks
Restaurants
Fall and Winter Pandemic Predictions
In the Press, Hospitality & Restaurants
Resilience of Restaurant Industry Continues Amid COVID, Tough Insurance Market
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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fatigue in the workplace
Restaurants

The Greatest Workplace Challenge: Fatigue

Even before the mass office exodus, fatigue was among the most prevalent workplace challenges. The National Safety Council reports that over 43% of workers are sleep deprived, and those most at risk are those working long or irregular hours. More than a simple feeling of sleepiness, fatigue is a persistent syndrome resulting from prolonged exhaustion, stress, high levels of exertion, and life circumstances. In the workplace, fatigue limits productivity, and, in some cases, leads to injuries.

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climate change
Market Insights, Sustainability

How Climate Change Impacts Severe Weather and Role of Insurers

Although it’s hard to pinpoint whether climate change intensified a particular weather event, the trajectory is clear — we’re experiencing hotter heat waves, drier droughts, and bigger storm surges – with scientists detecting a strong link between the planet’s warming and its changing weather patterns. With record-setting temperatures year after year, it’s likely that global warming is making extreme heat events more frequent. Most recently, for example, wildfires in the Western U.S. have led to over four million acres burned so far (2.5 million in Northern California and over 1.5 million in Oregon and Washington) and over 13,500 structures damaged or destroyed as of September 20. Climate change has also led to more hurricanes, with rising sea levels that are leading to higher storm surges and more floods.

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insurance talent shortage
Market Insights

How COVID-19 Has Impacted the Insurance Talent Shortage

The insurance industry has been known for its talent shortage and its difficulty in attracting Millennials and now Generation Z as veteran employees retire. The industry over the years has undertaken various programs, campaigns, and career days at schools along with offering summer internships to highlight the many benefits and rewards of working as an insurance professional – from job stability to career advancement, competitive salaries, work-life balance, and flexibility, and more.

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positive effects of the pandemic
Restaurants

Looking At The Bright Side: Positive Effects of the Pandemic

Things are not amazing by any means: tens of thousands of Americans have died because of the coronavirus, millions are without jobs, families, and friends remain separated, and daily life has yet to return to normal. The world is still very much in the throes of a pandemic, but there are silver linings, slivers of hope and goodness amid the uncertainty and negativity. It is important to try to look at the bright side.

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workers compensation in the covid world
In the Press

Workers Compensation in the COVID World

When the coronavirus hit earlier this year and it became obvious that many individuals were at risk of becoming infected, several states amended their rules for Workers Compensation benefits payouts to include healthcare and frontline workers exposed to the virus and then quarantined. Compensability for occupational diseases varies per state with some statutes excluding “ordinary diseases of life,” such as the common cold and flu. Additionally, in some cases, it may be difficult for employees to prove they contracted the coronavirus at work. As a result, executive orders and/or bills were passed in many states to address how Workers Compensation will respond during the pandemic.

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sales and marketing blogs for insurance agents
Market Insights

Sales and Marketing Blogs for Insurance Agents

There is always room for improvement when it comes to sales and marketing. As quarantine continues and agencies look for new ways to generate leads, industry insights, and thought leadership articles are crucial to staying on top of the ball. 

With a quick Google search, tried and true insurance sales and marketing tactics are at your fingertips. Below is a list of our favorite sales and marketing blogs for insurance agents, full of valuable tips, tricks, and insights.

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business interruption covid 19 claims
In the Press

Business Interruption COVID-19 Litigation Continues

The coronavirus pandemic brought businesses to its knees, shuttering everything from restaurants to hotels, gyms, hair salons, retailers, and other establishments. Many business owners turned to their Business Interruption (BI) insurance policies to cover loss of income and to pay ongoing expenses like payroll, rent, etc. Yet BI policies are designed to respond only if a business is forced to close due to direct physical damage to its property as a result of covered peril (like a fire). Furthermore, BI policies typically exclude viruses.

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families leave urban living
Real Estate

Families Leave Urban Living for the “Burbs” in Wake of Pandemic

Migration from city life to the suburbs is nothing new, with the most exoduses in recent times occurring after the financial collapse in 2008 and the horrific event of 9/11 in 2001. Amid the coronavirus pandemic, once again we’re seeing people leaving behind urban living for wide-open spaces, as safer-at-home orders were put into place, schools turned virtual and work became remote. A separate home office, a backyard, and a swimming pool are all in high demand, to say the least.

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