Making Critical Choices: What to Consider When Choosing Commercial Hotel Insurance

​Hotel owners face various risks, so having a comprehensive commercial property and liability hotel insurance is essential in handling hotel hazards. To mitigate possible risks in the future, there is a need for a well-tailored insurance package suitable for your business. With the appropriate insurance coverage, you can keep your assets safe and maintain your hotel’s reputation. Here are things to consider in choosing commercial hotel insurance:

1. Commercial General Liability Coverage
   By having numerous amenities, there is an increased possibility of injury or property damage. Having commercial general liability coverage protects you against the risk of bodily injury allegations, errors in advertising and tenancy-occupancy, property damage, and allegations in product liability.
   
   
2. Commercial Building, Personal Property Coverage, & Crime Coverage
   Commercial property insurance caters to hotel insurance for your building and its contents. Having personal property and crime coverage is also essential as it can protect you from internal fraud and unnecessary income reductions after a loss.
   
   
3. Workers’ Compensation Coverage
   To be protected in case of an employee injury while performing his duty for your hotel, consider having workers’ compensation coverage. It is better to be prepared for your employees and your business’ safety.
   
   
4. Cyber Coverage
   To prevent hackers from accessing internal or a third-party vendor’s computer system, having cyber coverage is a must. This type of insurance covers technological problems such as credit card compromise, identity risk fraud, and malware attacks as well.
   
   
5. Insurance for Employment Practices
   This type of coverage protects you against various employment-related claims such as wage-and-hour claims and allegations of harassment and emotional abuse which are cases that might need expensive defense and investigations. This coverage will help you manage the risk of employee dissatisfaction.
   
   
6. Assailant Emerging Threats
   Considered as one of the biggest emerging threats facing hotels, assailants may spike violence in your business. By having active assailant coverage, you can be protected from the erosion of your general liability limits and can be aided in handling losses.

Conclusion
There are many risks when it comes to managing a hotel business, but knowing what to consider when choosing commercial hotel insurance can help you in handling your business better. Choosing between a strong basic policy or specialized coverage, by weighing out the potential risk can help you find the coverage that is right for you.

At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE.