Pool and Spa Safety

While some community association pools remain closed, others are open, under new, socially distant protocol. Ensuring that residents are...

Developing a New Agent Training Plan

You may be planning to boost your sales force or replace an agent/producer who has left the firm. Giving...

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 Legal Challenges of Reopening Restaurants

Restaurants have had a heck of a hard time during the pandemic, shut down for months with some operations...

Are You Hurricane-Prepared?

Hurricane season is here — and although fortunately up to now we have had fairly little activity, there is...
Hospitality & Restaurants, Community Associations, Risk Insight
Pool and Spa Safety
Insurance Made Easy
Developing a New Agent Training Plan
In the Press, Hospitality & Restaurants
Creative Ways Restaurants Are Responding to Coronavirus
Hospitality & Restaurants
The Legal Challenges of Reopening Restaurants
Risk Insight
Are You Hurricane-Prepared?
LinkedIn for Insurance Industry
Market Insights

LinkedIn Offers the Insurance Industry More

Harnessing the power of LinkedIn in the insurance industry not only builds connections, but it grows your business. If you’re using it the right way.

LinkedIn continues to be the world’s largest professional business networking platform—with 660+ million users in 200+ countries.

Understanding LinkedIn’s power—and more importantly, how insurance brokers can benefit from it—is as important now as when LinkedIn launched in 2003.

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community association pools
Community Associations

The Deep Dive Into COVID-19 and Community Association Pools

Temperatures are rising and the summer heat has everyone looking for a reprieve at the beach or poolside, including at community associations where residents and their guests are accustomed to taking advantage of this cool, liquid amenity. But not all board members and property managers took the plunge and opened their pools at the same time, according to a recent survey conducted by the Community Associations Institute (CAI). In fact, some pools at HOAs and condo complexes around the country are still off-limits.

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Google Reviews
Risk Insight

How to Offset Negative Google Reviews

When assessing risk, underwriters look at more than just a business’ application. To get a complete and comprehensive picture of a business, underwriters sift through all available data, from loss history to google reviews. When a property has negative google reviews — for instance, a reviewer complains about a hotel’s cleanliness — or fails to respond to or resolve negative reviews, it can be more difficult to underwrite. For this reason, it is important that you encourage your prospective insureds to do their digital due diligence. 

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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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Hard Market for Umbrella Insurance Market
Market Insights

Umbrella Liability Insurance Hard Market Persists

The most recent Commercial Lines Insurance Premium Survey (CLIPS) released by Willis indicates that nearly all coverage lines saw significant rate hikes in 2020 Q1, with Commercial Auto, Property, Umbrella Liability, and Directors and Officers (D&O) Liability insurance exceeding double-digit rate increases. Specialty line prices also increased considerably, including in the hospitality and habitational sectors.

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Is Your LinkedIn Profile Working For You?
Market Insights

Is Your LinkedIn Profile Working for You?

With over 690 million users, LinkedIn is the world’s largest professional business networking platform. For brokers, however, it is more than a place to share your resume and connect with people. It is also a powerful digital marketing tool. Due to LinkedIn’s visibility in search engine results, it is very likely that a client’s first impression of you will be made through your LinkedIn profile. 

By effectively harnessing the power of LinkedIn, you can build your personal brand and differentiate yourself from the competition. Here are five quick ways to polish up your profile:

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systemic racism in the insurance industry
In the Press, Distinguished Life

How the Insurance Industry Is Tackling Systemic Racism

Systemic racism has come to the forefront of our collective consciousness as we struggle as a country to truly address racial injustice and its impact on our society. Along with other industries, the insurance sector is looking at how to tackle systemic racism on various fronts and put into practice diversity and inclusion. Many organizations in our industry came out with messages voicing support of Black Lives Matter, but walking the walk is what will bring real change.

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Preventing Legionnaire's Outbreaks
In the Press, Risk Insight

Avoiding Legionnaires’ Outbreaks as Businesses Reopen

Amid COVID-19, remote work became the new normal, with the doors to most commercial offices closed for at least 90 days. The same was true for hotels, restaurants, theaters, gyms, factories, and other businesses that have been temporarily shut due to the pandemic. As businesses reopen, now there are also concerns about Legionnaires’ outbreaks, a potentially deadly consequence of the coronavirus.

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real estate market in the time of covid
Real Estate

The Real Estate Market in the Time of COVID-19

Every industry segment of society has been impacted by the COVID-19 pandemic, including the real estate market. Retail closures resulted in millions of employee furloughs, and stay-at-home mandates forced millions of employees out of their offices to work remotely. While many shopping centers, malls, individual retailers and offices have since opened, they have done so slowly and not at full capacity. In fact, many businesses are keeping their employees working from home, either to brace for the second wave of coronavirus or to take the time to reassess the need for large office space.

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Wildfire preparedness
Risk Insight

Wildfire Preparedness Part II: Mitigating Risk

Researchers are discovering that embers blown by the wind during wildfires cause most of the fires that burn homes, according to the Insurance Institute of Information (I.I.I.). In addition, homes less than 15 feet apart are more likely to burn in clusters. In such cases, fire is often spread by combustible fences and decks connected to houses, a study by the Insurance Institute for Business & Home Safety (IBHS) found.

There are measures property owners can take to help mitigate the potential of loss from a wildfire. Among these measures is creating defensible space, which we discussed in an earlier blog. A defensible space is an area around a building in which vegetation, debris, and other types of combustible fuels have been treated, cleared, or reduced to slow the spread of fire to and from the property.

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umbrella insurance market
Real Estate, Hospitality & Restaurants, Community Associations, Market Insights, Restaurants

Navigating Today’s Umbrella Insurance Market

In our previous article, we discussed what factors are driving rate increases, capacity restrictions, tighter underwriting, and program structure changes in the Excess Insurance market. It’s important to note that prior to the COVID-19 pandemic, carriers were already tightening underwriting in the Excess/Umbrella market, specifically in the hotel, restaurant, and habitational sectors. In recent months, however, these changes have become even more pronounced. Here we take a more detailed look at the firming market and how COVID-19 has impacted certain industry sectors. We also provide you with advice on how to manage client expectations and navigate the disruptive Excess/Umbrella insurance market.

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las vegas reopens
In the Press

Vegas Rolls the Dice and Reopens Hotels, Casinos, and Restaurants

Nevada’s workforce has been among the hardest hit from the coronavirus pandemic. According to state data cited in an article in the Wall Street Journal, the pandemic and lockdown left one in every three workers in the Las Vegas area jobless. The unemployment rate in Nevada in April reached 28.2% − the highest of any state in the country and nearly double the national average of 14.7%, according to the U.S. Labor Department. After 78 days of lockdown and shuttered businesses, the Bellagio’s fountains are flowing and the gondolas are back at the Venetian.

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Wildfire Preparedness: Creating a Defensible Space
Risk Insight

Wildfire Preparedness: Creating a Defensible Space

Wildfire season is once again upon us with the Western United States anticipating raging fires after a winter of not much rainfall. Further exacerbating the potential for real devastation from the wildfires is the coronavirus, which interrupted the normal firefighting training and forest management that typically take place in the spring. Social distancing also presents real obstacles in quelling a blaze for fear of spreading the virus among firefighters (The Bureau of Land Management (BLM) has released social distance and hygiene tips for firefighters). For these reasons, it is particularly important to take precautionary measures and establish defensible spaces.

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