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Specialty Lines

    RESTAURANTS AND BARS FIND THEIR FOOTING

RESTAURANTS AND BARS FIND THEIR FOOTING

RESTAURANTS AND BARS FIND THEIR FOOTING How can the industry bounce back from its “most challenging year”? By Lori Widmer Here’s the good news—restaurant sales are predicted to increase by 10.2% in 2021, rounding out at an approximate $548.3 billion, according to the National Restaurant Association. Take that news with a grain of salt, however. The association says the increase comes after 2020’s 19.2% drop in sales, in what the

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    PROFESSIONAL LIABILITY INSURANCE

PROFESSIONAL LIABILITY INSURANCE

Specialty Lines Markets PROFESSIONAL LIABILITY INSURANCE A market already under stress faces the lingering impact of the pandemic By Joseph S. Harrington, CPCU As a result of the COVID-19 pandemic, things have gone from bad to worse for professionals seek-ing insurance for professional liability. In a November 2020 report on a survey done in conjunction with the Professional Liability Underwriting Society (PLUS), The A.M. Best Company reported that “even before

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    FOCUS ON TRANSPORTATION

FOCUS ON TRANSPORTATION

FOCUS ON TRANSPORTATION Assessing the effects of the pandemic, plus previous concerns By Lori Widmer Large losses, more severe events, and an overall tightening in the market—that’s what some predict the transportation industry will face going into 2021. Still, while carrying the dregs of 2020 pandemic-related challenges into the new year, the news isn’t all bad. Some transportation segments, such as the trucking industry, could be the first to see

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    CONTRACTORS PROFESSIONAL/POLLUTION LIABILITY

CONTRACTORS PROFESSIONAL/POLLUTION LIABILITY

CONTRACTORS PROFESSIONAL/POLLUTION LIABILITY Contractors should work with their agent or broker to be sure they make an informed decision on whether or not to buy By Edward L. Sheiffele Jr. According to the NAICS Association, there are approximately 1.3 million contractors with annual revenues of less than $5 million in the United States. While virtually all of these contractors are currently protecting their businesses with general liability, workers compensation, business

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    THE HIGH-TECH FLEET SAFETY BOOST

THE HIGH-TECH FLEET SAFETY BOOST

THE HIGH-TECH FLEET SAFETY BOOST Telematics and analytics for the transportation industry is an all-inclusive solution, involving everyone from the telematics firm to the insurer By Lori Widmer The old days of fleet safety program management are over. Thanks to telematics, an entire industry lifecycle has been established around driver behavior and, more important, improved safety and loss exposure. From dashcams and devices that measure braking, speed, and turning to

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