What Kind Of Insurance Does A Hotel Need?

​Hotels and other accommodation businesses rely heavily on their property as the main asset of their business. Getting it covered is a huge step in protecting your business in the long run. One of the best options you can get is Commercial Insurance.

What Kind of Insurance Does a Hotel Need?
Different policies are designed for hotels, motels, and other accommodation businesses, and these are:

1. Commercial Property Insurance 
   As a hotel owner, it’s essential to protect your real estate since it is the most important asset that your business relies on. Commercial Property Insurance may protect your property, buildings, and facilities. 
   
   However, some commercial property insurance may not include damages from natural disasters like earthquakes and floods. You will want to take closer attention to this exclusion, especially if your property is in a flood or earthquake-prone area. 
   
   
2. Workers' Compensation 
   The policy may cover employees' medical expenses and may offer lost wages. Workers' compensation will help businesses in assisting injured employees while at work without losing finances. 
   
   
3. Commercial General Liability
   Commercial General liability covers most property damage and bodily injury incidents within your hotel premises. Insurance is crucial for hotels and all hospitality-related businesses since your main priority is your guests’ experience, which includes going in and out of your facilities.
   
   
4. Commercial Auto
   Some hotels have vehicles used for business purposes like transporting guests and visitors. Commercial Auto insurance can help you cover damages or injuries to your guests. The insurance may protect your business against lawsuits from potential car accidents. 
   
   
5. Equipment Breakdown
   Essential equipment for hotels usually includes security and communication systems. Adding protection to this equipment can improve your assets and provide good services to your guests.
   
   Since expensive equipment can affect your daily operations, it is important to cover it against unforeseen incidents. Other than this coverage, you can also check out some coverages that are essential for hotels, like:
   
      - Cyber Liability
      - Garagekeepers & Non-Owned Liability
      - Liquor Liability

Improve Your Hospitality Services More
Guest accommodation is one of the top priorities for hotel owners. However, there can be unforeseen incidents that can take a toll on your assets and property. That is why having protection for every part of your hotel is a must.

At Desmond Insurance, we do our best to make 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. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!