Hospitality & Tourism

Hospitality segment, just like many other segments in India is booming at an unprecedented pace. It is directly driven by a rush forward in business and leisure travel by both domestic and foreign tourists, as the luxury quotient is on a big rise and luxury inflation being the fastest growing in the last 10 years.

Economic liberalization has given a new impetus to the hospitality industry which is thus set to grow at 15% a year. The current gap between supply and demand is expected to expand further as the economy opens and grows, with opportunities galore for the flourishing future of the Indian Hotel Industry.

A rapidly growing middle class, the advent of corporate incentive travel and the multinational companies into India have boosted prospects for tourism. India's easy visa rules, public freedoms and its many attractions as an ancient civilization makes tourism development easier than in most other countries.

Every day, the hospitality faces a new and growing world of risk. While demand and consumer expectations have continued to expand with rapidly shifting demographics and the evolution of a global marketplace, today’s challenges not only include dealing with economic uncertainty and the correlating rising costs of doing business, technology advances and globalization but also treating and preserving value in a highly competitive environment, navigating the wave of inflation.

The type of insurance policies that players in the hospitality and tourism industry can avail through ENAM’s effective services; Material damage of the business’s assets including covers for money, theft and glass, Business interruption insurance, Machinery and electronic breakdown, Health and Personal Accident cover for your employees, Legal liability for the operation of your business, Employer protection and statutory liability insurance.

ENAM Risk Management Strategy

Assistance in determination of the objectives of the client company
Advice on specific and detailed risk identification, analysis and assessment
Selection of the risk treatment devices or appropriate covers from the market
Arranging for risk transfer with optimization of covers at best possible quotes
Prompt claims facilitation, cooperation and provision of technical expertise.

To know more, please feel free to write to insure@enam.com

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Enam Insurance Broker is regulated by Insurance Regulatory and Development Authority; License Code: DB – 340/06’