Every two weeks, The Competitive Set serves up the freshest trends in the insurance market—seasoned just right for hospitality owners, operators, and investors. Curated by the fantastic Jackson Granstaff, National Hospitality Practice Leader, this isn’t your average snooze letter.
You can subscribe to it on LinkedIn.
Here’s a quick look at what’s trending in the latest issue:
📉 Property Insurance: Stability and Opportunity
After years of volatility, we’re seeing some relief in the property insurance market. Rates are holding steady—or even decreasing by up to 15% for well-managed properties. That means now is the time to highlight your recent upgrades, ensure your risk profile is competitive, and shop your coverage for potential savings.
⚖️ Casualty Insurance: Legal Pressures Are Rising
Legal expenses and liability claims are on the rise. But forward-thinking operators are staying ahead of the curve with proactive risk management and creative policy structures that help mitigate costs. If you’re not reviewing your liability strategy, you could be leaving money—and protection—on the table.
💼 Employment Practices Liability (EPL): A Window to Lock in Better Terms
The EPL market is easing, and premiums are becoming more favorable. This is a prime opportunity to lock in improved coverage—before market conditions shift again. If your workforce has grown or changed significantly, now’s a great time to reassess.
🔐 Cyber & D&O: Rewards for Proactive Operators
If you’ve invested in strong cybersecurity or improved corporate governance, insurers are offering deep discounts—especially when Cyber and D&O coverages are bundled. These savings can add up quickly and bolster your overall risk profile.
Why It Matters
Whether you're expanding your portfolio or tightening operations, staying informed on insurance trends can make a real impact on your bottom line.
Stay Ahead of the Curve
📬 Subscribe to The Competitive Set on LinkedIn and get bi-weekly updates that cut through the noise and help you make smarter insurance decisions for your hospitality business.
Or, if you're ready to put strategy into action, contact us for a complimentary review of your current insurance program.
