Hotel Groups Save Big on Cyber Liability Insurance

The Financial Impact of Cyber Liability Insurance Savings

For hotel groups, saving on cyber liability insurance can have a significant financial impact. Reduced insurance costs free up capital that can be reinvested into other areas of the business, such as enhancing guest experiences or expanding marketing efforts. Moreover, a strong cybersecurity posture can protect against costly data breaches, which can average $4.24 million per incident¹. By minimizing the risk of such incidents, hotels can avoid the associated financial and reputational damage.