On our blog you will find informative and entertaining posts that pertain to commercial insurance and the Nightlife & Hospitality Industry
Across the country, the insurance landscape for restaurants and hospitality operations is changing rapidly. For many years, restaurant owners were able to rely on Business Owner Policies (BOPs) to conveniently bundle property, liability, and loss of income coverage into a single policy.
Today, that is no longer the case.
Read MoreOwning a bar is more than serving drinks and building a loyal crowd. It means managing late nights, unpredictable customers, and the risks that come with alcohol. A single accident or lawsuit can threaten years of hard work. This is why bar insurance is not the same as other small business insurance. It requires specialized coverage and an understanding of the unique exposures in nightlife and hospitality.
Read MoreKEL Insurance Services works directly with carriers that specialize in sports, entertainment, and event only venues, and we know exactly how to present your submission to obtain results. Whether you operate a pop up concert series, a sports bar complex, or a multi use event space, we can help you secure coverage that protects your business and keeps your doors open.
Read MoreIf you are opening a bar or renewing your insurance, one of the first questions you will ask is: "How much is this going to cost me?" The answer? It depends, and not just on your square footage. In this guide, we will break down what really drives bar insurance costs and give you a state by state snapshot so you can better understand what to expect.
Read MoreLoss runs are not just paperwork. They are an important document that play a large role in determining insurance costs. In the high risk bar and nightlife industry, maintaining clean and accurate loss runs strengthens your loss ratio, improves your underwriting profile, and leads directly to lower bar insurance premiums.
Read MoreGen Z is turning the tide: drinking participation jumped from 46% to 70% between 2022 and 2024.
Read MoreFootage is not just surveillance. It is strategy. It is your silent witness when no one else can testify. It is your best defense in a world where assumptions cost money.
Read MoreSpecialized hospitality insurance programs work differently. They use Third-Party Administrators (TPAs)—experts who focus only on hospitality claims. These TPAs know the business, understand the risks, and actually fight claims instead of just paying them off. Plus, they include Defense Outside the Limits (DOL), meaning your legal fees don’t drain your policy coverage. So if a claim needs to go to court, they’ll spend the money to fight it instead of just handing over a check.
Read MoreImagine this: A neighborhood bar that once buzzed with regulars every weekend begins to notice a shift. Fewer familiar faces, quieter week nights, and an increasing number of patrons asking for non-alcoholic options. The owner could see it as a challenge or an opportunity to evolve.
Read MoreRising Claims: Liquor liability claims have increased by 15% annually over the past three years, driven by more lawsuits related to alcohol-related incidents.
Higher Costs: Insurance premiums for liquor liability policies have risen by 25% to 40% in some regions.
Litigation Trends: Attorneys specializing in bodily injury cases are increasingly targeting bars and restaurants, with lawsuits climbing by 20% since 2020.
Stricter Underwriting: Insurance carriers are tightening eligibility requirements, with 40% of claims resulting in non-renewals or premium hikes.
Are you looking for unique and immersive Halloween themes for your nightclub or bar that will leave your guests raving? Whether it’s for a spooky event, a grand reopening, or simply to elevate your venue’s atmosphere, these 12 creative Halloween themes will captivate your customers.
Read MoreGone are the days when word-of-mouth or a simple walk down the street were the primary methods of finding a great spot. Now, with the advent of technology, Google Maps and online reviews have become indispensable tools for travelers and locals alike in their quest to find the best nightclubs, bars, and restaurants.
Read MoreBy leveraging the power of shareability, venues can attract a younger crowd and create a buzz that keeps customers coming back. Implementing these strategies can help venues enhance their social media presence and drive more foot traffic.
Read MoreIn today’s competitive nightlife industry, bar and nightclub owners are constantly seeking innovative ways to increase sales and enhance customer experiences. One of the most promising tools at their disposal is artificial intelligence (AI).
Read MoreAccurate classification is not just an important detail; it’s a fundamental aspect of underwriting insurance. It helps insurers assess risk accurately and set appropriate premiums. Misclassification can lead to severe consequences, especially for businesses in the nightlife industry.
Read MoreOpening a new bar is an exciting venture, but it also comes with its own set of challenges. One of the most critical aspects that new bar owners often overlook is insurance. In this post, we’ll discuss some of the key things you need to know about insurance when opening a new bar.
Read MoreNavigating lease agreements and insurance requirements can be a daunting task for bar owners. However, with a clear understanding of the risks, the coverage, and the potential for negotiation, it’s possible to find a path that ensures the sustainability of your business.
Read MoreThe holiday season is here, and there is no better way to celebrate than with some delicious and festive cocktails! Whether you're hosting a party or just want to unwind after a long day of holiday shopping, our ten favorite holiday cocktails are sure to bring joy to your gatherings.
Read MoreOver the past few years, the sector has faced unprecedented challenges, making it essential for nightclub and bar owners to adopt a proactive approach in navigating the uncertainties of insurance renewal in 2024.
Read MoreIn this blog post, we'll delve into the concept of liquor liability, emphasizing the legal and financial consequences of overserving customers. More importantly, we'll provide actionable tips for bar owners to navigate the challenges of Thanksgiving Eve while ensuring the safety and satisfaction of patrons.
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