On our blog you will find informative and entertaining posts that pertain to commercial insurance and the Nightlife & Hospitality Industry
There are both admitted and non-admitted carriers that are of high quality and have great financial stability. So, what is the difference? The main difference is that admitted carriers are backed by Insurance Guaranty Fund whereas non-admitted carriers are not.
Read MoreCongratulations on your new and exciting venture on opening a Nightclub or Bar. It is an opportunity many dream about, but very few accomplish in their lifetime. Like opening any new business, there is typically a budget involved and let’s be real, it almost always ends up being more than we originally planned for.
Read MoreCyber Liability protects your business from losses incurred due to data breach. This typically includes sensitive information such as: social security numbers, credit card numbers, bank account numbers, driver’s license numbers and health records.
Read MoreAs a bar owner aside from the responsibility that comes with owning a bar, there are a variety of additional issues that might arise and make it difficult to concentrate on running your business. Employees can be hurt, equipment can fail, food can be mistakenly poisoned if you serve it, and the bar itself can be damaged by fire, wind, vandalism, and other factors.
Read MoreEvery insurance policy has five parts:
Declarations
Insuring Agreements
Definitions
Exclusions
Conditions
Loss Runs are another name for Insurance Claim History. Almost every Insurance carrier will require a Hard Copy of Currently Valued Loss Runs before issuing quotes to insureds. Loss Runs provide a universal way for underwriters to look at claim history and determine the risk of insuring the business and the likelihood an insured will file a claim.
Read MoreIf you are owning and operating a Nightclub or Bar you should highly consider Assault and Battery coverage if you do not have it already. The largest influx of claims that we see in the Nightlife & Hospitality Industry fall under Assault & Battery.
Read MoreWhat is business insurance?
Business insurance, in its most basic definition, is a broad spectrum of insurance coverage designed specifically for a variety of different types of organizations.
Read MoreAs a bar owner, you are well aware of how much fun it can be to go out on the town with friends. Gathering with their friends and family to enjoy a few of drinks, perhaps some pool, excellent food, and perhaps even some dancing is something that most people look forward to every year.
Read MoreInsurance is sold on the basis of people's fear of the future. As a result of the inability to anticipate the future, we want to ensure that we are prepared to meet our financial obligations if and when anything catastrophic happens.
Read MoreHospitality is a large area that includes enterprises such as cafés, restaurants, bars, clubs, tour operators, hotels, and various types of lodging providers, among others. While maintaining a lucrative hospitality business is possible, there are a variety of potential problems that might negatively impact the company's bottom line.
Read MoreWhen it comes to running a nightclub, you have undoubtedly heard of the term "nightclub insurance." Bars, taverns, and nightclubs, in contrast to other types of companies, require a specialized sort of insurance that is tailored to their specific demands
Read MoreBars, nightclubs, and other similar types of businesses that receive customers in exchange for paid dining, entertainment, and sleeping accommodations are covered by hospitality business insurance, just as any other type of business that receives paying customers is covered by general liability insurance
Read MoreThe cannabis sector has certain characteristics that distinguishes it from other types of businesses; nonetheless, all companies must incorporate components of protection and preservation. The same way banking has been a contentious issue for decades; cannabis insurance has a similar reputation until recently.
Read MoreAs a means of extending the outdoor eating season during the pandemic, restaurants are installing temporary shelters to keep their doors open. Yurts, plastic pods, greenhouses, huts, and tents are springing up as eateries strive to provide excellent service while reducing exposure to COVID-19 spores and other contaminants.
Read MoreWhether you operate a major nightclub with live bands or a tiny, private club, you will require insurance coverage. Some insurance plans are mandated by law, while your lender may require others if you have a business loan.
Read MoreOkay….so you are an Owner of a Nightclub or Bar and your lease requires you to carry certain insurance coverages in order to operate your establishment. You should understand what insurance coverages you need and/or have a better understanding of what those coverages actually insure your establishment against.
Read MoreEven though most Insurance Policies are tailored toward your specific line of business, I often receive calls from insureds asking about what else exists in the market to keep their businesses protected.
Read MoreEveryone is looking for something new to do right now, and odds are they are spending far too much of their day on social media. Take advantage of that.
Read MoreHow to help Local Bars and Restaurants affected by Coronavirus pandemic. The impact of COVID-19 is already hitting hard and unfortunately this may be only the beginning for the Nightlife and Hospitality Industry. There have been an increasing number of outbreaks of people being directly affected by the virus, and now we are seeing an increasing number of businesses that are being impacted indirectly.
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