On our blog you will find informative and entertaining posts that pertain to commercial insurance and the Nightlife & Hospitality Industry
If you’re running a nightclub business, you should know by now that it takes more than just selling alcohol to any individual who walks through the door. To get consumers to stay, enjoy, and return to your events, you must ensure your venue is as appealing as possible. But even so, you can only go so far with visuals – you need to incorporate an efficient marketing strategy.
Read MoreAre you a venue owner on the hunt for quality insurance?
From working in the industry, you’ll know that there is a wide range of events out there, with different venues dotted all over towns and city centers. Even so, all these venues vary and are ideal for unique atmospheres. So, which business do you own?
Knowing this classification is essential when it comes to grabbing the insurance you need. After all, different venues will have different insurance costs. Luckily, here at KEL Insurance, we strive to provide you with a competitive quote, expert knowledge, and clear communication so that you can be confident in your coverage.
Read MoreAfter millions pined for a dancefloor experience during the lockdown, many have been delighted to step back into venues and bust a few moves. Following such a difficult period, clubbers worldwide have started to understand the value of culture, parties, and music in our individual lives. However, that doesn’t mean that the industry won’t adjust to this new era of nightlife.
Read MoreIf you own a nightclub business, you must already know how competitive this industry can be. However, the power of marketing should never be underestimated, especially when it can pull customers into your nightclub over the competition’s venues.
Read MoreHospitality is a wide area that includes enterprises such as cafés, restaurants, bars, clubs, tour operators, hotels, and various types of lodging providers, among others. While maintaining a lucrative hospitality business is possible, various potential problems might negatively impact the company's bottom line.
Read MoreNightclub and Bar owners are scattering last minute because of the rate increases on policy renewals. If you are two months away or less from your insurance renewal, it is time to get on the horn!
Read MoreThere are many advantages to working with a specialized Insurance Agency. This is especially true for unique and hard-to-place risks. I consider the businesses that I work with at KEL Insurance unique and hard-to-place risks. These include those in the Nightlife and Hospitality Industry and those in the Cannabis Industry.
Read MoreThere are both admitted and non-admitted carriers that are of high quality and have great financial stability. So, what is the difference? The main difference is that admitted carriers are backed by Insurance Guaranty Fund whereas non-admitted carriers are not.
Read MoreCongratulations on your new and exciting venture on opening a Nightclub or Bar. It is an opportunity many dream about, but very few accomplish in their lifetime. Like opening any new business, there is typically a budget involved and let’s be real, it almost always ends up being more than we originally planned for.
Read MoreCyber Liability protects your business from losses incurred due to data breach. This typically includes sensitive information such as: social security numbers, credit card numbers, bank account numbers, driver’s license numbers and health records.
Read MoreAs a bar owner aside from the responsibility that comes with owning a bar, there are a variety of additional issues that might arise and make it difficult to concentrate on running your business. Employees can be hurt, equipment can fail, food can be mistakenly poisoned if you serve it, and the bar itself can be damaged by fire, wind, vandalism, and other factors.
Read MoreEvery insurance policy has five parts:
Declarations
Insuring Agreements
Definitions
Exclusions
Conditions
Loss Runs are another name for Insurance Claim History. Almost every Insurance carrier will require a Hard Copy of Currently Valued Loss Runs before issuing quotes to insureds. Loss Runs provide a universal way for underwriters to look at claim history and determine the risk of insuring the business and the likelihood an insured will file a claim.
Read MoreIf you are owning and operating a Nightclub or Bar you should highly consider Assault and Battery coverage if you do not have it already. The largest influx of claims that we see in the Nightlife & Hospitality Industry fall under Assault & Battery.
Read MoreWhat is business insurance?
Business insurance, in its most basic definition, is a broad spectrum of insurance coverage designed specifically for a variety of different types of organizations.
Read MoreAs a bar owner, you are well aware of how much fun it can be to go out on the town with friends. Gathering with their friends and family to enjoy a few of drinks, perhaps some pool, excellent food, and perhaps even some dancing is something that most people look forward to every year.
Read MoreInsurance is sold on the basis of people's fear of the future. As a result of the inability to anticipate the future, we want to ensure that we are prepared to meet our financial obligations if and when anything catastrophic happens.
Read MoreHospitality is a large area that includes enterprises such as cafés, restaurants, bars, clubs, tour operators, hotels, and various types of lodging providers, among others. While maintaining a lucrative hospitality business is possible, there are a variety of potential problems that might negatively impact the company's bottom line.
Read MoreWhen it comes to running a nightclub, you have undoubtedly heard of the term "nightclub insurance." Bars, taverns, and nightclubs, in contrast to other types of companies, require a specialized sort of insurance that is tailored to their specific demands
Read MoreBars, nightclubs, and other similar types of businesses that receive customers in exchange for paid dining, entertainment, and sleeping accommodations are covered by hospitality business insurance, just as any other type of business that receives paying customers is covered by general liability insurance
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