Cyberthreats Are a Leading Cause of Loss at Hotels and Motels
The nature of the day-to-day business at hotels and motels puts them at high risk of cyberattacks. These organizations handle enormous amounts of personally identifiable information (PII) and personal financial information (PFI), making them lucrative targets for cybercriminals. In fact, data shows cyber losses account for 18% of all losses at hotels and motels. The […]
Hotels: Common Exposures
Owning and operating a hotel can be a rewarding endeavor. However, hotel operators have to manage numerous exposures related to lodging, and many offer amenities—including pools, exercise facilities, bars and restaurants—that can dramatically increase the number of insurable risks. The list below provides an overview of these hotel risks and more, helping you identify potential […]
Hotels: Preventing Human Trafficking
Human trafficking is one of the fastest-growing criminal enterprises in the world and is estimated to be a $150 billion-a-year industry. This activity is common in the hospitality industry, largely due to the privacy hotels and motels offer criminal third parties. In fact, criminals can operate discreetly in these businesses, as they provide traffickers with […]
