“Sourcing Comprehensive Hotel Insurance: Creativity Combined with the Right Niche Risk Manager,” Hotel Executive

In an article published on March 23, 2025 in Hotel Executive, Josh Cavallin explores the role of a niche risk manager in hotel insurance, the creative approaches they bring to the table and why a tailored, strategic approach is necessary to ensure that hotels are adequately protected against potential risks.

“Niche risk managers specializing in the hotel industry bring deep knowledge of the specific risks faced by hotel owners. They understand that a hotel is not just a physical building but a dynamic environment with numerous variables,” Cavallin explains. “These variables include guest behavior, employee interactions, fluctuating occupancy rates and varying service offerings. For example, hotels often host events, conferences or large gatherings, which can add additional layers of risk.”

He further discusses creative hotel insurance solutions for a significant financial challenge.

“A creative niche risk manager, recognizing the importance of covering income loss, may recommend a business interruption policy that includes loss of income due to not only physical damage but also non-physical events like public health crises or political unrest,” Cavallin says. “The manager might also suggest including coverage for guest cancellations, as high-end resorts often rely on advanced bookings that may be disrupted by unforeseen circumstances.”

To read the full article, click here.