Insurance Challenges for Motel and Hotel Owners and Their Agents Insurance for motels and hotels has become more complex and costly, not just for the property coverage, but for liability coverage, as well. In fact, many times the underwriter’s first reaction is not “No,” it’s “Heck, no!” With price increases, coverage limitations and an underwriter’s outright statement, “I won’t…
Tap into Today’s Booming Construction Market The construction industry is prospering, driven by these factors according to Property Casualty 360. Experts predict a “mixed bag” for the industry, according to the Associated General Contractors Association. According to their recent publication, contractors see an increasing demand for certain types of construction (think of all the new roofs that…
Insurance professionals face several challenges today, from staffing constraints to increasing errors & omissions (E&O) allegations. Of course, while staffing challenges can impact E&O claims, even your most respected customer service representative or your most influential producer can create an E&O exposure. E&O claims typically arise when a client alleges negligence, mistakes, or an oversight such as a coverage mistake, which then causes financial harm. While…
Insurance professionals face several challenges today, from staffing constraints to increasing errors & omissions (E&O) allegations. Of course, while staffing challenges can impact E&O claims, even your most respected customer service representative or your most influential producer can create an E&O exposure. E&O claims typically arise when a client alleges negligence, mistakes, or an oversight such as a coverage mistake, which then causes financial harm. While…
“Once the toothpaste is out of the tube, it’s tough to get back in,” H.R. Haldeman, White House chief of staff under the Nixon Administration, famously observed. Half a century later, employers are finding the truth in the expression as they struggle to get their employees—many of whom were sent home to telework during the…
Insurance for motels and hotels has become more complex and costly, not just for the property coverage, but for liability coverage, as well. In fact, many times the underwriter’s first reaction is not “No,” it’s “Heck, no!”
