Insurance takes the bite out of bed bug liability
by Sterling Risk Advisors
Sterling Risk Advisors Principal Paul Baker is quoted in the article, “Insurance takes the bite out of bed bug liability,” which appeared in the Atlanta Business Chronicle November 18.
The article discusses new insurance tools that are available to mitigate the damage wreaked by the pesky insects on a hotel’s bottom line.
Bed bug infestations have increased exponentially in North America, Canada, Europe and Australia since the late 1990s, according to the article, which cited a study by the U.S. Environmental Protection Agency.
Baker, an expert on insurance for the hospitality industry, noted that standard commercial property coverage does not cover infestation, meaning hotels cannot claim loss of revenue.
“And that’s what hits the hospitality industry the hardest, especially the smaller to midsized hotel operators,” he said.
Baker specializes in providing risk management consulting and insurance solutions to the real estate, construction and hospitality industries.
For more information, please call Paul Baker at: (678) 424-6521; firstname.lastname@example.org
Publication: Atlanta Business Chronicle