The Indian tourism and hospitality industry experienced a growth of 24.6% in the year 2009-2010. According to the Planning Commission, tourism industry is the third largest foreign earner and it this contributes 6.2% to GDP and 8.8% to India’s total employment.
With India undergoing major liberalization and globalization there is huge influx of foreign tourists in India.
As the business opportunity and demand is increasing so is the risk associated with the industry like.
- Creating a safe environment
- Material damage of business assets
- Hotel public and products liability
- Machinery and electrical breakdown
- Fidelity by staff
- Risk associated with food and beverages served
- Other security concerns
- Cyber Crimes
- Hotels, resorts,
- Pubs, lounges, restaurants
- Health and fitness clubs
- Travel companies
- Tourists attractions
At AuIBS, we analyze all the risks associated with your business and provide you the best possible insurance solution, with best company and policies that suits your need.
Contact Us to meet our business experts who will help you ascertain the nature of risks you are exposed to and the best way to mitigate them.