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

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 now!

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

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.