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Hospitality Insurance Market Overview: Key Trends & Regional Insights

Hospitality Insurance Market Overview: Key Trends & Regional Insights

Key Takeaways: The U.S. Hospitality Insurance market remains hard, with Liquor Liability coverage tightening across most states. Social media marketing can significantly impact a business\'s insurability. Liquor sales exceeding 50% of revenue make coverage harder to obtain, reinforcing the need for diversified income streams. Liquor Liability insurance is not a one-size-fits-all policy and must be customized to each business\'s…

Video: Hospitality Insurance Market Trends

Video: Hospitality Insurance Market Trends

Mandi Bitterlin, Senior Underwriter, Commercial Insurance, Kansas City, KS, explores emerging trends in the hospitality industry, from immersive rotational theme bars to the rise of mobile bars and to-go cocktails. With these innovations come new insurance challenges. https://vimeo.com/1056905876/b5509f4348?ts=0&share=copy For more expert insights, watch the full Hospitality Insurance webinar recording here.

Webinar: Hospitality Risks Uncorked – Navigating Liquor Liability Coverage

Webinar: Hospitality Risks Uncorked – Navigating Liquor Liability Coverage

Bars, restaurants, and other hospitality businesses are increasingly seeking insurance coverage from Excess and Surplus (E&S) markets, particularly for Liquor Liability. Watch our latest webinar for insights on: Factors prompting admitted carriers to withdraw from the hospitality sector. Common exclusions in policies that can lead to significant coverage issues during claims. The importance of aligning a business\'s social media posts…

Commercial Office Space Is Making a Comeback, How Owners Can Protect Their Property

Commercial Office Space Is Making a Comeback, How Owners Can Protect Their Property

Demand for office space is on the rise, possibly indicating that the bottom of the commercial office space market has passed, and a rebound is underway, Property Casualty 360 recently reported. Data from real estate tech platform VTS shows that demand for new commercial office space started rising in late 2022 and recently hit its 12th consecutive month of year-over-year…

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As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.