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Med Spa Hit With $25,000 Penalty Over Unauthorized Drugs
Inside This Article: An Ohio med spa was fined $25,000 after investigators found unauthorized prescription drug orders and other violations. A patient lost consciousness after using a drug provided by one of the med spa’s owners, according to the state investigation. Medical Malpractice Insurance and Commercial General Liability (CGL) Insurance can address different aspects of med spa risks. As
Century-Old Clubhouse Destroyed by Fire Faces Complex Rebuild
Inside This Article: A fire recently destroyed the historic Lochmoor Country Club clubhouse in Grosse Pointe Woods, Michigan. Historic properties may require specialized Commercial Property Insurance with Historical Replacement Cost to reproduce original materials, designs, and craftsmanship after a loss. Business Interruption Coverage and Extra Expense Coverage can help companies recoup lost revenue and maintain payroll during restoration. Updates
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Inside This Article: Heavy rains were likely to blame for a third-floor balcony collapse in Los Angeles involving four individuals and a dog. Balcony collapses are rare but can also happen when structural integrity is compromised due to age, poor construction or overloading. Such incidents at housing complexes can cause catastrophic injuries, potentially leading to lawsuits and significant repair…
Key Takeaways: Canada\'s Hospitality Insurance market is softening, but high-liquor-revenue establishments still face placement challenges. Social media marketing can significantly impact a business\'s insurability. Liquor sales exceeding 50% of revenue make coverage harder to obtain, reinforcing the need for diversified income streams. Liquor Liability insurance is not a one-size-fits-all policy and must be customized to each business\'s unique circumstances,…
Inside This Article: A $125,000 Bobcat skid steer was stolen from a plumbing and general construction business in Detroit leaving a “heartbreaking” loss for the small business. Construction thefts are on the rise and may be more likely to occur when equipment is left unattended at jobsites overnight. Insurance policies that can help construction companies recover from theft include…
INSIDE THIS ARTICLE: A couple sued a restaurant chain in Texas, claiming injury and mental anguish after a glass window shattered into their booth. Failure to properly maintain the 50-plus-year-old windows factored into $4 million in damages awarded by jury. Increasing litigiousness highlights risks of inadequate Commercial General Liability (CGL) Insurance for businesses. Ramifications of such suits can include…
Inside This Article Water damage is Canada\'s leading cause of home insurance claims, accounting for about half of all claims. Preventative measures like insulating pipes, maintaining indoor heat, and installing automatic water shutoff devices can help reduce the risk of costly damage. Homeowners should review their insurance policies and consult an experienced broker to understand coverage limitations and avoid…
Lisa Campbell, Associate Manager, Halifax, Atlantic Division, Burns & Wilcox, Halifax, NS, discusses the softening of Canada’s Hospitality Insurance market, leading to increased competition. However, coverage challenges remain in certain high-risk areas. Watch now for expert insights. https://vimeo.com/1056903385/b9710935b6?share=copy For additional intel, watch the full Hospital Insurance webinar recording here.
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