And now: more bed bug insurance policies for hotels and residential properties.
I told you a few weeks ago about an insurance policy to cover bed bugs which was being offered to landlords, student housing providers, businesses, leisure travelers and hotels. The plan was offered by AON, partnered with Global Express, and Terminex.
One of the questions which arose in response to that plan was whether treatment was solely to be provided by Terminex.
In the last few weeks, several other insurance providers have stepped forward, offering bed bug insurance to the hotel and residential management industries.
This PLIS policy includes a crisis management component (with services provided by Specialty Risk Management, Inc.), and offers clients a choice of vendors, including the option of having their existing PCO appointed to the program, if they meet PLIS’s criteria.
Meanwhile, Willis North America announces that it is now offering Bed Bug Infestation Recovery Insurance(TM), which includes property and liability coverage for businesses including hotels and residential property owners.
Like PLIS, Willis offers crisis management. Their press release notes that the policy’s “Decontamination services [are to be] provided by locally and nationally recognized pest control specialists including Orkin.”
As was true with the AON/Global Express/Terminex insurance, it’s not clear if Orkin is the only provider of services in markets where they have a branch, or if those utilizing the services will always have a choice of treatment providers.
I have nothing against Orkin or Terminex, but the more options one has when choosing a local bed bug treatment specialist, the better.
I expect we will see more and more of this and that programs for homeowners can’t be far behind.