InsuraGuest approved as resident surplus lines producer in Utah

Salt Lake City-based InsuraGuest announced that its wholly owned subsidiary InsuraGuest Insurance Agency, has been approved as a resident surplus lines producer, licensed to offer surplus lines casualty and surplus lines property insurance in the state of Utah.

Founded in 2017, InsuraGuest utilizes a proprietary software platform to deliver specialized hospitality liability coverages to member hotel properties. InsuraGuest integrates with approximately 70 different property management systems, which enables the organization to transfer certain liability exposures to the InsuraGuest carrier so that the covered hotel property can lower its claim ratio and risk profile, which may decrease its general liability premiums.

With this new approval, IG Agency can be listed as the official producer for InsuraGuest’s specialized Hospitality Liability Master Policy and on all certificates the Company issues to hotels and vacation rental properties. In addition, this approval allows IG Agency to sell other non-admitted insurance products through its sister company InsuraGuest Risk Purchasing Group, which will open more markets to sell additional products and create additional revenue streams.

“We are very excited to now offer our products and services throughout the United States in their entirety. We continue to expand and develop our product offerings to service our customers and build shareholder value, and the ability to provide true nationwide coverage marks a proud milestone for InsuraGuest.” – InsuraGuest CEO and Chairman Douglas Anderson.