The Benefits of Commercial Insurance for Hotels and Restaurants

​Insurance for hotels and restaurants protects owners against the many risks the hospitality industry faces. If you’re in the hospitality industry, consider purchasing commercial insurance for hotels and restaurants.

Why You Need Insurance
Aside from the safety net that insurance policies provide, having insurance also helps you deliver exceptional service to your customers. However, there’s always a small chance that things could go wrong. With this, acquiring insurance plans is a smart move.

Among the many reasons why you should get insurance, the most important are the following:

• Food safety
• Beer, wine, and liquor
• Employee protection
• Natural disasters and other emergencies

The Benefits of Commercial Insurance for Hotels and Restaurants
All businesses carry risks. Given this, you must keep yourself protected against losses, especially in the financial aspect. That is where insurance comes in handy.

Aside from protection, here are the other benefits you can enjoy from having insurance.

1. It protects your business.
   Lawsuits are one of the reasons why businesses go bankrupt. Aside from the financial burden, it can also injure your business’ reputation. Besides, cases are far more expensive than paying insurance premiums.
   
   Acquiring insurance will help you feel secure that your business is protected.
   
   
2. You can get liquor liability insurance.
   Business owners can be liable for damages a customer causes due to alcohol intoxication. If your business serves alcohol, it’s in your best interest to acquire insurance. It is because liquor liability insurance protects you and your business from lawsuits or claims resulting from a customer’s intoxication.
   
   
3. It helps protect your employees.
   Of course, businesses wouldn’t be successful without a good set of employees. Having insurance ensures that your staff is protected. Aside from this, most states require employers to acquire insurance that covers their employees.
   
   
4. It allows you to get loans quickly.
   Typically, financial institutions approve loans more quickly when their clients are equipped with insurance. It’s because financial institutions consider businesses with insurance more loan-worthy. 

Final Thoughts
Not only does insurance protect your finances, but it also protects your reputation. With this, Insurance for your hotel or restaurant is an excellent investment. 

At Desmond Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (859) 491-5100 or Click Here to request a free quote.