Product Showcase
Arthur J. Gallagher Risk Management Services delivers a full range of insurance and risk management products and services, including traditional and loss-sensitive coverages, captives, alternative risk solutions and financial products.
BDO Consulting's insurance claim professionals assist organizations in navigating risk management following a loss, helping to produce more favorable settlement results.
Sponsored by:
November 2009 • Vol I, Issue 4
In this Issue:
- Register now for the 2010 Hospitality Law Conference
- Business Interruption and Extra Expense Insurance are the Most Important Commercial Coverages
- Property Insurance Update
- Buying the Right Insurance Coverage is Only Half the Battle
- Industry Resources
- Webinar: Disaster Response Planning, Including the Claims Process
- Product Showcase: Protect a Bed
- Industry Jobs
The 2010 Hospitality Law Conference
Focusing on Worldwide Legal, Safety, & Security Solutions
February 3-5, 2010
Omni Hotel in Houston, Texas
Register now to take advantage of the Early Registration Discount!
Don't miss the Loss Prevention and Risk Management Track:
- Insurance Litigation Survey;
Chip Merlin, Merlin Law Group
David Wood, Anderson Kill Wood & Bender - The Claims Process;
Wes Brandt, Arthur J. Gallagher
Dale Kingman, Golden Tilden Thoams & Cordell - Various Liability Issues, including Parking Lot Exterior Safety & Security, Comprehensive Investigations for On-Site Injuries, and AEDs; and
Moderated by: David Samuels, Michelman & Robinson
Chris Chiames, Sudden Cardiac Arrest Association
Donald Decker, Robson Forensic
Bart Eckhardt, Robson Forensic
- Don’t Let Bed Bugs Bite You in Court;
Mitch Miller, Miller Law Group, P.C.
Christian Hardigree, University of Nevada, Las Vegas
Richard Cooper, Bed Bug Central
Attend the Wine Tasting & Product Showcase on Thursday, February 4, and enter for a chance to win $1000.00. Stay until the end of the conference and enter a drawing for a chance to win $500.00.
Business Interruption and Extra Expense Insurance are the Most Important Commercial Coverages--and Often the Most Overlooked at Point of Sale and Adjustment
by Chip Merlin
There are two activities that would help many more commercial establishments remain in business following a catastrophe. First, insurance agents and risk managers should consider the statistics of failure for commercial enterprises following disaster and do a better job convincing commercial policyholders to purchase business interruption and extra expense coverage. The second activity is for insurance claims executives to pay those benefits quickly.
Property Insurance Market Update: October 2009
Arthur J. Gallagher
The global financial crisis which began in late 2008 has played a key role in the profitability and underwriting results of insurance companies over the last 12 months. According to ISO, from a profitability standpoint, the first quarter of 2009 was the worst first quarter results in 20 years. In addition to the devastating financial market conditions, the worldwide economic crisis put pressure on the insurance industry in the form of lower demand for insurance, which has resulted in lower net written premiums.
Buying the Right Insurance Coverage is Only Half the Battle
By Steven Pudell and Natasha Millman
Specialized insurance coverage, excluded from standard-form commercial general liability (CGL) policies, is available for risks specific to many industries. Common examples include policies for risks such as pollution, product recall, and food-borne illness. While such specialized policies can be indispensable to companies vulnerable to such risks, they are still subject to the overly broad coverage defenses that insurance companies use with CGL policies. No matter how comprehensive a company’s insurance portfolio, corporate counsel still needs to be prepared to fight for coverage once a loss occurs.
Three recent insurance coverage battles in the food and restaurant industries — one involving a CGL claim and two involving claims under more specialized policies —illustrate this core principle.
- Property Insurance Coverage Law Blog, by Merlin Law Group
- Aspen Publishes Legal Issues in Risk Management: A Policyholder's Guide by Anderson Kill Attorneys Finley Harckham and Dennis Artese. The book:
- Surveys the major categories of risk facing companies and organizations;
- Analyzes major property and casualty coverages, with an emphasis on recurring legal issues;
- Explains how to avoid mistakes in the procurement of insurance or pursuit of claims that can result in the forfeiture of coverage; and
- Develops winning strategies for pursuing insurance recoveries and prevailing in insurance coverage litigation.
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Disability and Business Technical Assistance Centers ("DBTAC") shared a helpful ADA PowerPoint for the hospitality industry, which provides helpful tips on ADA compliance.
What's New at HospitalityLawyer.com!
We are excited to announce hotel and restaurant law, safety, and security webinars. HospitalityLawyer.com also offers on-demand legal, safety, and security webinars, including:
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Disaster Response Planning, Including the Claims Process presented by Rob Sanderson, Jeff Chester, and Stan Szpytek, sponsored by Advanced Catastrophe Technologies, Inc.
Protect-A-Bed®, one of the world’s leading bedding protectors, offers an entire line of protection products for pillows and mattresses that enable hotel owners and operators to create a healthy, comfortable sleep environment for their guests. As awareness of the resurgence of bed bug infestations grows and savvy hotel guests learn the importance of inspecting their rooms, hotel owners and operators need to proactively protect their properties’ mattresses and box springs against bed bugs.
Protect-A-Bed offers AllerZip®, the world’s first scientifically proven bed bug entry, escape and bite proof mattress encasements with the patented Bug Lock™ Secure Seal® and Allergen Flap. The Protect-A-Bed system has been tested in an entomology laboratory to assure customers it is of the highest quality and effectiveness.
A very successful, national award-winning Risk Manager is looking to transition back into the Hospitality Industry. He has expertise in Operations & Benefits and has an excellent track record in organization, leadership, claims management and efficiency. Please send an email to Diana Singson for more information.
HospitalityLawyer.com
P.O. Box 22888
Houston, Texas
77227
HospitalityLawyer@HospitalityLawyer.com
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