Intel

The hospitality industry is facing challenges due to a tightening insurance market, which is a result of increasing claim costs and the withdrawal of many admitted carriers. To gain insights into how Excess & Surplus (E&S) insurance is responding to these issues, we spoke with Aaron Pfister, Associate Managing Director and Underwriter at Burns & Wilcox in Scottsdale, Arizona. Why…

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…

Aaron Pfister, Associate Managing Director, Underwriter, Commercial Insurance, Burns & Wilcox, Scottsdale, AZ, explains how insurance brokers can go beyond the basics to be true risk advisors for their bar, restaurant, and hospitality clients—conducting on-site inspections, analyzing social media, and understanding clientele to better secure coverage. https://vimeo.com/1056904969/ca0e026663?ts=0&share=copy For more expert insights, watch the full Hospitality Insurance webinar here.

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…

A recent survey by NEXT Insurance identified that U.S. small business owners tend to lack preparedness and knowledge when it comes to insurance coverage. Among the 500 small business owners surveyed, 96% failed to achieve a grade of 70% or higher on an insurance knowledge test, and only a third of respondents consulted with an insurance…

A fire that destroyed much of a historic country club in Bloomfield Hills, Michigan, may have been started by construction work involving a propane torch, new video footage suggests. The Feb. 17 blaze at Oakland Hills Country Club caused an estimated $80 million in damage to the clubhouse and was a near “total loss,” according to reports. Video recovered from…

Rising premiums, decreased capacity, an enhanced focus on details and fallout from labor shortages are the main trends facing clients requiring Restaurant & Bar Insurance more than halfway through 2021. A hard market that first began in 2018 accelerated during the first several months of the pandemic, with tens of thousands of restaurants and bars around North America closing either…

In this webinar, our experts joined for a discussion on Restaurants and Bars, including: state of the industry, current insurance market conditions, tips for brokers and agents, and specialty solutions. https://vimeo.com/605080138/4da76097ec

A bill that would allow home delivery of alcoholic beverages in Georgia is moving forward after it won approval in the Georgia House of Representatives on June 25. House Bill 879, headed to Governor Brian Kemp for consideration within 45 days, would permit stores and some restaurants to provide home delivery of beer, wine and liquor. Virginia’s state-run liquor agency,…