The very nature of hospitality risk acknowledges the essential duty to provide for a safe and pleasurable experience for all customers, vendors and guests. At the same time, the gathering of large numbers of the public at your venue could also represent the potential for crippling financial and reputational liability. While the owner of a business might excel at managing those risks that are within its control, it is also fair to acknowledge the many external threats are beyond the reach of an owner or manager.
In the not too distant past, insurance carriers were eager to take on the risks of hospitality and leisure organizations at competitive prices and with broad coverage terms. Today, the number of insurers interested in this market segment has diminished dramatically. At Albert Risk Management, we carefully monitor the ever-changing landscape of insurers, specialty markets, and brokers who focus on the hospitality & leisure industry with its unique insurance needs. We make it our business to understand each insurer's appetite for risk, along with knowing how to maximize key insurance market relationships for the benefit of our clients.
Business continuity and reputation are central to the prosperity of any hospitality & leisure business. The surest way to preserve both of these qualities is through a custom designed commercial insurance program and implementation of sound risk management practices. Albert can help assess your risk management program, and as necessary, assist with the execution of strategies that will proactively help your business avoid loss. Then, when loss does happen, as it inevitably will, our consultant specialists will help you institute management action plans to mitigate the ultimate financial impact of that loss.
We have assembled a team of insurance professionals who know and understand the insurance and risk management issues inherent in hospitality & leisure business including the following industry segments:
We have assembled a team of insurance professionals who know and understand the insurance and risk management issues inherent in hospitality & leisure business including the following industry segments:
- Hotels and Motels
- Inns and Resorts
- Casual and Upscale Dining Establishments
- Clubs and Recreational Facilities, Resorts and Associations
- Theaters and Entertainment Establishments
- Travel Services and Tour Companies
If you are a hospitality and leisure organization seeking strategies to improve insurance cost and risk management programs, please call 781-449-2866 and ask for Marty Berman or click
here to send an email.