Insurance Companies Once Scared Of Bed Bugs…Now Liking The Idea
Bed bugs are the scourge of the cities throughout the United States. New York City pest control experts say that they creep into beds during the wee hours of the morning when you least expect them, seeking the blood of their victims. Bed bug infestations often go un-noticed for many months once they are in your home. Their tiny size and sneaky behavior allows them the opportunity to hide in the smallest of cracks or crevices. For many people, once bed bugs are discovered, they have a full-blown bed bug infestation on their hands.
Before now, the cost of bed bug eradication services has always been allocated to the victims of the blood thirsty pests. To date there has been much debate as to who is responsible for paying for bed bug removal services in rental properties and some states have now enacted laws specifying exactly what the financial responsibilities are for either party. Because bed bugs are masterful hitchhikers, it can be difficult to pin-point the exact location where a person has encountered the creatures. Retail stores, hotels, motels, movie theaters, airplanes, and the like are all at risk of bed bug related law suits from consumers who claim to have brought home bed bugs after visiting their establishment.
Until recently, insurance companies have steered clear of bed bug infestation coverage. Willis North America announced today that it is now offering bed bug infestation insurance protection for the hotel and residential industry. According to the press release…the insurance provides…”Comprehensive Insurance Solution Incudes Crisis Management Component to Reduce Brand Damage.”
The insurance offered will cover the cost of eradication, rehabilitation expenses, loss of profit due to business interruption, and risk control techniques. The coverage also provides a 24/7 crisis management team to help reduce brand damage by communicating with the media, public health authorities, customers, employees, and regulatory authorities.
This insurance coverage is being offered to hotels, hospitality and residential property owners and is intended to fill the gap that exists under standard property and liability policies.













