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Policybazaar for Business has raised concerns over significant insurance coverage gaps in India’s luxury hospitality industry. The company noted that despite the high value and risk exposure of luxury hotels and resorts, many properties remain underinsured or inadequately covered, especially in areas such as business interruption, cyber risks, and liability.
The findings were shared during an industry roundtable where experts stressed the need for customised risk solutions tailored to hospitality businesses. From fire and natural calamities to guest liability and data breaches, the sector faces multiple threats that standard insurance packages often fail to fully address.
Policybazaar for Business emphasized the importance of risk assessment, policy audit, and bundled cover solutions to improve financial protection and operational continuity for hospitality brands.
As India’s luxury travel and tourism market expands, addressing these gaps becomes crucial to safeguarding investments, brand reputation, and customer trust in an increasingly complex risk environment.
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