Thank you for sharing!

Your article was successfully shared with the contacts you provided.

There is no question that the current economy has significantly affected the hospitality industry, including insurance agents and carriers. When a consumer’s disposable income is all but eliminated, the obvious first step to preserve cash-flow is to cut back on leisure activities such as vacations and eating out.

Hospitality may be feeling the pain of this recession more than any other industry, a fact that’s reflected in the industry’s insurance premiums. It’s a vicious cycle: sales are down and so are your premiums, and business owners are looking desperately to cut their operating expenses just to survive.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.