Insurance & Loss Prevention - HospitalityLawyer.com®

In Flight Cameras Would Assist in Accident Reconstruction, Crew Training and Enhanced Passenger Safety

by Steve Cocco in Human Resources, Insurance & Loss Prevention, Safety & Security, Travel. Posted May 8, 2014

With the final chapter on Malaysian Air flight #370 still unwritten, many aviation and security analysts seem to have attributed the tragedy to a sinister event, perhaps on the part of the pilot in command or the first officer. Some have speculated that another crew member might have been responsible or even a passenger or ...

Insurance Recovery for Business Interruption & Slowdown

by Anderson Kill in Insurance & Loss Prevention. Posted April 14, 2014

What happens when a hotel suffers property damage, whether by natural disaster or man-made accident, and is forced to close some or all of its rooms, amenities or services? It is important to understand how insurance can protect you from the resulting financial loss. In addition to potential recovery for property damage from your property/casualty ...

Weathering the Storm with “Crisis Response” Insurance

by Jeffrey Schulman in Insurance & Loss Prevention, Safety & Security. Posted April 7, 2014

In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing. — Theodore Roosevelt Families save hard-earned dollars looking forward to an upcoming vacation or get-away. Our basic demands are few but fundamental. The ...

Recent Hotel Incidents Serve as Cautionary Tales of Carbon Monoxide Health and Legal Risks

by admin in Insurance & Loss Prevention, Lodging, Safety & Security. Posted March 26, 2014

Recently media exposure regarding the dangers of carbon monoxide poisoning in hotels, motels, and resorts has seemed to increase. The issue has garnered attention among such major media outlets as ABC News’ 20/20,USA Today, andCNN. With good reason – a 2013 USA Today investigation showed that, “eight people have died and at least 170 others have been treated ...

Duty Bound

by Fatima Durrani Khan in Insurance & Loss Prevention, Safety & Security, Travel. Posted March 10, 2014

“Duty of care” is the new buzzword across the travel risk management industry, as corporate travel managers increasingly recognize their central role and responsibility in creating a strong, balanced business travel policy that protects their employees. Though duty of care has existed in common law for a long time, the application of duty of care laws to the ...

Risk Intelligent Proxy Disclosures — 2013

by Deloitte in Insurance & Loss Prevention, Technology. Posted February 20, 2014

Download report | Download infographic In 2013, Deloitte conducted further analysis of board level risk oversight disclosures in proxy statements issued by S&P 200 companies. Similar to our efforts in 2010 and 2011, our analysis of risk-related disclosures in proxy statements was to provide a glimpse into risk oversight and management practices — at least to ...

Damages Measured By Lost Profits or Lost Business Value?

by Joseph Gardemal in Insurance & Loss Prevention. Posted December 31, 2013

In commercial litigation matters, including contract disputes, intellectual property infringement, fraud and unfair competition or negligence claims, a primary role of a financial expert is to quantify economic damages that may have been suffered by the plaintiff or to defend against such claimed damages. Economic damages are meant to restore the plaintiff to the financial ...

Cyber Security Risk in a Social Media World

by Wayne Grundy in Featured, Insurance & Loss Prevention, Safety & Security, Technology. Posted December 2, 2013

The theft of intellectual property from the U.S. is “unprecedented,” and costs the nation an estimated $300 billion each year, according to the IP Commission Report, issued in May. Worse, corporate employees—through their information sharing practices—are making it easy for IP thieves. Sharing information is now the way of business and social life. Companies have ...

Crime Pays – A Conversation of Fraud and Recovery

by Chris Giovino in Insurance & Loss Prevention, Legal. Posted November 27, 2013

Occupational fraud and crime is a significant and growing exposure for all industries, including hospitality. In recent years, the challenging economy has helped to drive the incidence of these crimes. A study by the Association of Certified Fraud Examiners (Association of Certified Fraud Examiners: 2012 Report to the Nations) found occupational fraud caused $3.5 trillion ...

How to Serve Alcohol at a Company Party Without Getting Sued

by Thomas Posey in Featured, Food & Beverage, Human Resources, Insurance & Loss Prevention, Legal. Posted November 25, 2013

With the holidays right around the corner, many businesses will host festive company outings and events for their employees, including parties at the office—and often these celebrations include alcohol. Employers need to understand the legal parameters of having alcohol in the workplace in order to establish a safe, responsible and enjoyable work environment for their ...

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