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The Most Frequent Hospitality Claims

Property ClaimsThe most common types of hotel property claims are: general water damage, sprinkler water damage, hail, wind, and fire. These five causes account for two-thirds of hotel property claims. Fortunately, they are commonly covered by first party property insurance. First party property coverage is for damage to a policyholder’s own property, not for damage ...
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Understanding Post-Storm Business Interruption Coverage

The full extent of economic damage from this year’s devastating hurricanes—Harvey, Irma, Juan and Maria—will not be evident for some time. That impact is likely to extend well beyond the Gulf states, Puerto Rico and the Virgin Islands to the greater United States and even global economy. Damage to major oil refineries and chemical, plastics ...
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Minimum “Exempt” Salary Threshold Raised and Millions of Additional Workers Entitled to Overtime

On May 18, 2016, President Obama and the Labor Department issued the much anticipated final rule regarding overtime regulations, which significantly raises the minimum salary threshold required to qualify for “white collar exemptions” under the Fair Labor Standards Act.  These new Department of Labor Overtime Rules may be of particular interest to businesses in the ...
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What Counsel Must Do to Maximize Insurance Coverage

Insurance policies are complex contracts that require counsel’s oversight. Job 1 is to demarcate the broker’s role. Insurance policies are complex contracts, often riddled with pitfalls for the policyholder. The pursuit of a claim in the wake of a loss is equally fraught. Yet all too many companies entrust their assets and their very survival ...
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Insurance Coverage For Possible Ebola Claims Involving Hospitality Businesses

Originally published in Anderson Kill’s Hospitality Alert, Nov. 2014  Co-authored by Diana Shafter Gliedman Now that the first cases of Ebola in the United States have been treated and the country is for the moment Ebola-free, it’s easier than two months ago to maintain perspective. Ebola is difficult to contract, and widespread outbreaks in the ...
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Matching Your EPLI to Your Actual Employment Risks

No employer is immune from employment-related lawsuits, particularly at a time when the Department of Labor, the Equal Employment Opportunity Commission and the National Labor Relations Board are inclined to take an employee’s side in disputes. Employment practices liability insurance (EPLI) provides important protection against this ongoing but ever-evolving risk. Prudent companies seeking to minimize ...
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Contracts With Insurance Brokers: Do’s and Don’ts

Insurance brokers are among the most important suppliers that any company deals with. Yet, often the arrangement between brokers and their clients consists of nothing more than a broker of record letter, or even a verbal authorization to present insurance proposals. As a general rule, a written agreement that addresses the scope of services provided ...
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Don’t Settle Away Your Liability Insurance

When settling a lawsuit against your company, you should do everything you can to keep your insurance company aboard. If the insurance company unreasonably refuses consent to a fair settlement, though, be prepared to fight. Most hotels buy commercial general liability insurance to ensure that if they are sued by a third party, their insurance ...
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