Insurance & Loss Prevention - HospitalityLawyer.com®

Yikes! Ransomware Could Take Over Your Hard Drive

by Peter Vogel in Insurance & Loss Prevention, Travel. Posted March 3, 2015

Once data is held for ransom, there’s no guaranteed way to reclaim it — not even payment. Ransomware’s victims typically are those with the least protection. To avoid becoming a target, install strong security tools on your computer and mobile devices, back up data to a reliable cloud service, keep passwords in a secure location, ...

A Guide to Cyber Coverage

by Anjali Das in Insurance & Loss Prevention, Risk Management, Technology. Posted November 6, 2014

This article was first published in the ABA Coverage Journal July-August 2014, Vol. 24, No. 4. Unless you have been living under a rock for the past few years (without a wireless connection), you are likely familiar with the countless news stories that unfold every day reporting seemingly fantastic tales of cyber espionage, hacker attacks, ...

Is Your Employment Practices Liability Insurance Covering the Right Risks?

by Darin McMullen in Human Resources, Insurance & Loss Prevention, Legal, Risk Management. Posted September 23, 2014

While no employer is immune from employment-related lawsuits, particularly in a sluggish economy, the hospitality industry faces unique, yet recurring, challenges in terms of employment-based claims – and thus is particularly reliant on employment practices liability insurance (EPLI). Because the hospitality industry is among the leaders in workplace diversity, discrimination claims based on race, gender, ...

Political Risk Insurance for Businesses Operating in Russia and Ukraine

by Kirk Pasich in Insurance & Loss Prevention. Posted August 19, 2014

Given recent events, there is an increased interest in political risk insurance in Russia and Ukraine. However, it also appears that insurers have stopped underwriting political risk insurance, at least for exposures in Ukraine for the time being, and many insurers are declining to quote on Russian exposures, or are subjecting new inquiries to greater, ...

ADA Interactive Process: A Quiz for Employers

by Robin Shea in Human Resources, Insurance & Loss Prevention, Legal. Posted July 29, 2014

What do you really know about the “interactive process” under the Americans with Disabilities Act? This is one area in which I am always getting questions, and I think it’s the terminology that scares employers. “Interactive process” sounds so intimidating. Instead of ”interactive process,” it should be called “sit-down.” When an individual needs a reasonable accommodation, ...

Active Shooting: It Can’t Happen Here

by admin in Food & Beverage, Insurance & Loss Prevention, Lodging, Safety & Security, Travel. Posted July 28, 2014

After almost every active shooting in the United States the residents of the victim city invariably say, “It can’t happen here”. But it does and in every state. From Hawaii and Alaska to Maine and Florida, active shooter deaths or workplace violence homicides have plagued communities. No state is immune. No community is unaffected by its brutality, insanity ...

Emergency Preparedness

by admin in Insurance & Loss Prevention, Safety & Security. Posted July 22, 2014

Safety During Severe Weather Depends on you With the summer Atlantic hurricane season upon us, now is a good time to review storm emergency preparation procedures and to assemble the necessary supplies to sustain you and your family should your area be hit by devastating winds, rains and flooding. For those who do not live ...

To the World Cup and Beyond: Efective Risk Management

by Paula Bonavides in Insurance & Loss Prevention. Posted June 1, 2014

Effective risk management (against calamities such as political unrest, violent crime, health problems, ransom kidnapping, automobile accidents, building fires, and the like) is correlated with intelligent decision-making. Sending off employees to a foreign country might expose them to the risk of contracting diseases they had never before imagined, or to completely different laws and traditions—or ...

Captive Insurance: A Growing Trend For Financial Institutions Looking To Enhance Their Risk Management

by Marshall Gilinsky in Human Resources, Insurance & Loss Prevention. Posted May 20, 2014

For over a decade, more and more financial services companies have used captive insurance companies as part of their overall risk management strategy. In its simplest sense, a captive insurance company is a wholly owned subsidiary of a policyholder’s parent company that underwrites and sells insurance to the parent and its subsidiary companies. Captive insurance ...

Hospitality Workers’ Compensation Insurance Costs and Solutions

by Todd Seiders in Human Resources, Insurance & Loss Prevention. Posted May 19, 2014

The worst kind of pain is self-inflicted pain. Workers’ comp insurance rates have skyrocketed in the past 18 months. The higher rates are due to increased medical costs, the unknown factors of Obamacare, and employees making more claims due to the recession and their fear of being laid off or losing hours. Many companies have ...

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