Tourism Risk & Insurance solutions now come of age as the sector bounces back from effects of covid-19

When operating a lodge, managing a hotel, or curating and designing holiday packages and itinerary for clients from different parts of the world, there lies a risk from third parties that can significantly affect your business due to negligence, errors and omissions. These business related risks can lead to financial losses or reputational damage.

To flourish, businesses must manage these risks.

Over the years, the insurance scene has immensely evolved in terms of product offering, and is now able to offer innovative professional liability policies customized to cover risks specific to the tourism business. This has been made possible through continuous innovation by known industry experts and collaborations with advanced markets such as the Lloyds of London.

The improved professional liability policies would offer compensation in the event of a legal liability arising from injuries to third parties or loss of their property. In addition, outsourced activities are covered in case of any negligence by the subcontractors.