With all the news surrounding inflation in the United States, consumer and business costs (as in all the costs of doing business such as taxes, wages and supplies) have increased in 2022. What else do clubs and hotels need to consider, especially as budget season is upon us? One word: insurance.

While a figurative hurricane was hitting the industry, along comes an actual hurricane named Ian. While this weather event may not have hit your area, and you may be thousands of miles away from the physical damages, why would this affect your day-to-day? As insurance is a collective of good and bad risks from several geographic areas, this will affect your club or hotel. How, what and why would it affect you?