InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF), a leading insurtech company disrupting the insurance industry, has changed the existing dynamic with its recently expanded Hospitality Liability coverages, in effect protecting owners of hotels and vacation rentals from paying extra for certain claims. The expansions now “include accidental medical incidents that occur anywhere on a hotel’s premises,” reads an article on the recent announcement. It “now protects the hotel from claims made by guests should an incident occur on another part of the hotel property – like the pool, gym, or parking lot.” The article further notes, “The majority of hotel operators file their accident or small property claims through their general liability policies. When doing this, the frequency of the claims can drive up the price of the premium. The higher the risk, the higher the general liability insurance prices will be. InsuraGuest changes this dynamic by absorbing the risk, potentially keeping the hotel operator’s general liability premiums untouched, resulting in lower expenses for property owners… The coverage offering is provided through a proprietary software platform that is specialized to deliver Hospitality Liability coverages to the member hotel or vacation rental.”
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About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. The company is transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold. For more information, visit the company’s website at www.InsuraGuest.com.
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