subject: Insurance For Hotels [print this page] Hotels are the perfect place to spend nights to rest up while on vacation or spend the night after a long day on the road. Like nearly every other business, hotels need protection to cover the costs of any damages they may cause, especially since hotels exist to serve people and want to constantly have their rooms filled. Hotel insurance is a special type of insurance for businesses specifically created for hotels that gives needed financial protection for the property and employees.
Hotel insurance, like many other business insurance policies, is very adaptable to a variety of properties. Hotels can range from very simple properties geared toward travelers who choose to drive their long distances to large, luxurious resorts with employees to handle nearly any request guests can come up with. Hotel insurance policies have two major coverage sections: property hotel insurance coverage and liability hotel insurance coverage.
Property hotel insurance coverage for hotels most likely has the most day-to-day use. Property hotel insurance coverage protects both hotel property and guest property, sometimes also referred to as contents. The hotel property includes both the building and grounds the hotel sits on as well as everything in the hotel rooms, from the hand towels to the TV and air conditioner. Property hotel insurance coverage also extends to the property of the guests in the event of a loss covered by the hotel insurance policy.
Liability hotel insurance coverage is just as important as property hotel insurance coverage. Liability hotel insurance coverage protects from the costs of lawsuits or other claims by a third party. Liability hotel insurance coverage can cover the cost of claims from both guests and employees from claims as simple as slipping on a wet spot in the floor to large, multi-claimant lawsuits where several different parties claimed the same mistakes were made with the same results.
There are other riders that can be attached to hotel insurance policies. They can include loss of money coverage, business interruption coverage, and equipment breakdown coverage. Each of these coverages that can be added to hotel insurance policies are helpful in their own way. These riders also make hotel insurance very adaptable to a variety of unique situations, ensuring a hotel insurance policy can be created for nearly any hotel property.
To find the best hotel insurance, hotel managers and owners can contact an independent insurance agency. Independent insurance agencies can shop for their customers at the many insurance providers they are affiliated with to come up with competitive hotel insurance policies at the best prices. Independent insurance agents can then take competitive business insurance quotes back to the hotels so the best hotel insurance policy can be selected.
About Boardwalk Insurance: Boardwalk Insurance Group is licensed to write hotel insurance policies in over half the United States and has many other insurance solutions available through its affiliated insurance providers. For More Details visit https://www.boardwalkinsurance.com
by: Mathew Hussey
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