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Daily Insurance Industry News
Friday 19th of January 2018
July 23, 2011

Lloyd’s and Aon team with bedbug offering

by Gill Montia

Story link: Lloyd’s and Aon team with bedbug offering

Lloyd’s and Aon team with bedbug offering

Lloyd’s underwriters have teamed up with insurance broker Aon and Global Excess Partners, an innovator in new insurance products, to develop a comprehensive bedbug insurance solution for travellers and the hospitality industry.

According to Lloyd’s, bedbug infestations are on the rise, causing hotel owners, landlords and businesses major problems.

High levels of infestation have been reported in the US and Europe, with New York topping the list of cities in a bedbug battle.

The new offering covers lost revenue resulting from treating rooms, as well as paying for the cost of eliminating the bugs.

It can also cover business or leisure travellers against the risk of bringing bedbugs home from a conference or overnight stay.

Bedbugs are regarded as the most difficult of pest to treat, more so than cockroaches, ants and termites, as they are elusive, can live for a year or more without eating and can withstand a range of temperatures from nearly freezing to 50 degrees Celsius.

 

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