Liability coverage for hotels and motels
Hospitality entrepreneurs face a high risk of liability, in fact. It is important that you have adequate liability insurance to protect your hotel or motel. Types of liability protection that you may want to include in your BOP include:
- General liability: If guests are injured or their property is damaged in the hotel area, this coverage may protect your business.
- Cyber Liability:
- This can provide liability protection in the event of a data breach that allows criminals to access your guests' personal information, including names, addresses and credit card numbers.
- Employee compensation: Employers are required by law to carry this insurance. It covers healthcare costs and compensates for lost wages for workers injured at work.
- Commercial car: Liability coverage under a commercial car insurance can protect your hospitality business in the event that a company vehicle, such as a transfer or limousine, is involved in a crash.
- Responsibility for recruitment procedures: Turnover is high in the hotel industry, and litigation is not uncommon. Liability insurance for employment methods protects your company from lawsuits filed by employees alleging discrimination or harassment.
- Local Pollution Liability: This coverage begins if guests are exposed to mold or airborne contaminants on site and become ill. It helps to pay for medical bills, cleaning costs, etc.
- Alcohol liability : If your hotel has a bar or serves alcoholic beverages, alcohol liability insurance is a must. It protects your business from liability if a drunk guest causes bodily injury or property damage.
- Responsibility for foodborne illness: You need this coverage if your hotel has a restaurant or room service. It protects you from responsibility for foodborne illnesses, such as Salmonella or E. coli.
Hotel and motel property and access protection
A hotel or motel is a major financial investment. It is a good business situation to protect your business from property and loss of income. Types of hotel and motel insurance that you may need may include:
- Public property: In case of theft, vandalism, fire or other dangers
- Business interruption: If you are forced to close due to a covered event
- Breakdown of equipment: To repair damage and compensate for lost income
- Food destruction: To protect you from financial loss if a power outage or equipment loss causes food to be destroyed
- Interruption in the tool: To compensate your company for losses caused by a continuous power outage
- Crime: To protect you from losses caused by guest or employee theft
The cost of hotel and motel insurance can vary widely, depending on several factors, including the location and size of your hotel business and the types of services you offer. Our experienced agent can help you find the right coverage at the best available prices.