Restaurant Current Trends

Hotels, casinos, restaurants, resorts, and other hospitality properties are susceptible to significant loss exposures. Participants will examine property risks including real and intangible property, owned and leased space, time shares, and joint ventures. They will discuss liability risks from guests, entertainers, general public, animals, dram shops, and food borne illness. They will identify employee risks. They will learn about the use of technology in the hospitality industry and the resulting exposures.

This course explains how environmental risks in restaurant operations are identified, assessed and managed through appropriate insurance coverage. It also explains why environmental liability insurance is needed due to gaps in standard policies and reviews key features such as claims made coverage, deductibles, and self insured retentions. Various types of environmental coverage are discussed. The course introduces environmental risk assessment (eRA) concepts, highlighting exposures from cooking operations, cleaning chemicals, wastewater, air quality hazards, contractor activities etc. Real-world loss cases demonstrate how routine operations can lead to significant claims involving cleanup costs, third-party liability, and business interruption and ties in appropriate environmental insurance to protect insureds. By the end of the course, participants will be able to identify environmental risks, choose the right coverage, and take meaures to reduce liability and improve protection.