InsuraGuest Technologies (TSX.V: ISGI), through its wholly owned U.S. subsidiary InsuraGuest Risk Purchasing Group Inc. (“ISG”), today announced that it has renewed its annual contract with Wisp Resort to supply its InsuraGuest Hospitality Liability coverages that cover claims made by resort guests on a primary basis. To date, InsuraGuest’s Hospitality Liability policy and platform have covered 9,311 room nights at the Wisp Resort located in McHenry, Maryland. Tucked away in the mountains, Wisp Resort is Maryland’s only four-season ski, golf and recreational destination resort. A considerable portion of a hotel operator’s claims come from small property or medical claims that are frequently applied to the general liability policy, which drives up premium prices. The InsuraGuest solution transfers the risk from the hotel operator through a nominal nightly fee paid by guests. InsuraGuest then pays out these small claims, avoiding impact to the hotel operator’s general liability policy.
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About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. It is transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold. For more information, visit the company’s website at www.InsuraGuest.com.
NOTE TO INVESTORS: The latest news and updates relating to ISGI are available in the company’s newsroom at http://ibn.fm/ISGI
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