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International

Hospitality firms lack access to right insurance coverage

February 02, 2023 Reprints

U.K.-based broker Willis Towers Watson PLC said that hospitality firms lack access to the right insurance with about 52% of respondents saying that their insurance covers property damage only and not the cost of business interruption if they are forced to close, Strategic Risk Europe reported. Additionally, 44% of respondents said that their risk-related losses were higher than expected during the past two years.

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Hospitality firms lack access to right insurance coverage

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