$ISGIF announce it has launched a new product called Limited-Service Hospitality Liability coverages, which will be offered to franchise limited-service hotels that have less than 100 rooms and an average daily rate (ADR) that is less than US$100 per night.According to the American Hotel and Lodging Association, the U.S. has over 55,900 properties nationwide, of which 33,000 are limited-service hotels. Additionally, there are 5.3 million guest rooms, which accommodate 1.3 billion guest nights annually. The U.S. hotel industry employed one in 25 workers and added $660 billion to the U.S. GDP in 2019.

"Franchised limited-service hotels make up 59% of the U.S. market, so we have designed a solution at a price point that meets their needs while protecting their properties on a primary basis," states Douglas Anderson, chairman and CEO of InsuraGuest Technologies, Inc.https://www.barchart.com/story/news/1321763/insuraguest-launches-limited-service-hospitality-liability-product