Private Real Estate Companies Ignore Directors & Officers Insurance (D&O) at Their Own Peril.
June 12, 2024
The real estate sector, and in particular the habitational and hospitality asset classes, thrive on trust. Guests in hotels and tenants in apartment buildings entrust their landlord or property manager with their personal information, financial details, their personal property, and a sense of security. In today’s interconnected digital age, this trust extends to the cybersecurity measures you have in place as well. A data breach or cyberattack can shatter that trust, leading to financial losses, reputational damage, and even legal trouble.
In this white paper, we will explore the growing cyber threats facing the hospitality industry, and examine why cyber insurance is no longer an optional component of your company’s data-protection plan, but a key necessity to ensure successful continued operation. Herein, we’ll delve into the specific risks you might face, the benefits of cyber insurance, review the best practices for minimizing your risk profile, and advise on how to secure better insurance coverage