What is Liability Insurance for Hotel and Restaurant Owners?

​As a hotel or restaurant owner, being protected by insurance minimizes the loss and liability that your business may encounter. Most restaurants and hotels purchase commercial and liability insurance as it includes inclusive packages and policies needed in a hospitality company. Here are some data about liability coverages that you must know as a hotel or restaurant owner.

General Liability
General liability insurance covers injuries or damages claims resulted from accidents that occurred in your hotel or restaurant. Some of these accidents include slips and falls, and "Damage To Premises Rented To You" coverage. It can also cover product liability that deals with cases of food-borne illnesses.

However, some foods that your customers consume on your premises may not qualify as the "product" under your policy, so you need to attach an endorsement called Product/Completed Operations Hazard Redefined. In this case, liabilities regarding the food you offer eaten on or off your business property is under the products/completed operations coverage.

Liquor Liability
If you feel that general liability policies are insufficient for the needs of your restaurant or hotel, you might need to add another insurance, especially when it involves alcohol intoxication. As the standard policies exclude bodily injury or property damage claims caused by someone due to the liquor you sell, having liquor liability is a must if you own a restaurant offering alcoholic drinks.

Employment Practices Liability
Hospitality businesses like hotel and restaurant management must prioritize customer services and satisfaction. However, employees might behave unsatisfactorily due to the discrimination, harassment, and other workplace issues that they experience on the job. The employment practices liability can help your employees legally resolve these torts.

Commercial Umbrella
The next type of liability insurance is the least known among the coverages mentioned, which is called the commercial umbrella, or only umbrella. It provides extra limits over the policies offered by general liability and other types of insurance policies.

Liability insurance surely helps your hotel and restaurant businesses prosper by mitigating loss and casualties in times of unexpected incidents. However, it is also essential to assess what type of commercial insurance you need to maximize the benefit it offers at a more affordable and convenient method.

At Desmond Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (859) 491-5100. You can also request a free quote by CLICKING HERE.