InsuraGuest Technologies, Inc., under its wholly owned U.S. subsidiary InsuraGuest Insurance Agency, LLC (the “Agency”), has signed Swarts, Manning & Associates (“SMA”) for its agency/broker program, which focuses on agencies and brokers that write general liability polices specifically for hotels.
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InsuraGuest will utilize SMA’s brokers and business network in Utah, Nevada and California to access SMA’s hotel clients and integrate InsuraGuest’s insurtech software platform to deliver its hospitality liability coverages.
“Our focus has always been on risk management and improving the risk profile of our hospitality clients,” states Mark Swarts, founder and president of Swarts, Manning & Associates. “Adding InsuraGuest’s products to our partner list will help us reduce their hotel clients’ risk ratios and claim ratios while potentially lowering their GL premiums.”
InsuraGuest insurance coverage, which is purchased by a property, automatically delivers hospitality liability coverages through the property’s management system via the Company’s proprietary insurtech (insurance + technology) platform. These coverages address claims from guests and their room occupants during their stay at a hotel; coverages insert a layer of protection on a primary basis should a guest experience an accident or theft.
InsuraGuest hospitality liability coverages become the property’s first line of defense, which will help lower the property’s claim ratio and risk profile. By lowering the property’s claim ratio or risk profile, InsuraGuest may stabilize or lower the property’s current general liability premiums.
InsuraGuest’s insurtech platform is currently capable of integrating with approximately 70 different hotel and property management systems, giving it access to millions of rooms worldwide.
InsuraGuest Insurance Agency administers the InsuraGuest hospitality liability coverages for hotels and is licensed in all 50 states, including the District of Columbia.
InsuraGuest’s hospitality liability coverages are underwritten through an insurance company that is rated “A” (Superior) by A.M. Best Insurance Company.
