Why Hotels and Restaurants Need Commercial Insurance

​Businesses that are part of the hospitality industry are food and beverages (restaurant), travel and tourism, lodging (hotel), and recreation. They involve disposable income and the availability of leisure time, and these businesses are expected to render customer satisfaction. If you’re managing one, even if it’s just a small hospitality operation, you’re still operating on the public premise that carries risk. What would you do if something goes wrong? In this article, you’ll be provided with the essential information to gain self-possession to get you back on track when your hospitality business encounters a misfortune.

​The Demands in Hospitality Business
If you’re in the hospitality business, public dealing is the center of what you do. A good example is running a restaurant. Before you open the door for your customers, you must first know them and their needs. Second, you need to ensure that all the resources are available and the standards must be met for you to provide the highest level of customer service to satisfy your patrons. High-Quality service is a magnet that will attract return business.

How Do You Maintain Your Business?
Granting that you've acquired the perfection in providing exceptional service to your customers, sometimes, it’s inevitable that some things can go wrong. If you have a reliable means to support you, you can retain your composure when an issue comes your way. 

Here are some of the liabilities that you, as a restaurant or hotel owner, must know:

• Food safety: Your establishment is expected to provide safe food to customers, not to make them sick or get an allergic reaction from the food that was served in your restaurant.  If you have a “general liability insurance policy,” you can overcome the issue when your business encounters a claim linked to foodborne illness.
• Beer, wine, liquor: Your business faces court in case one of your customers encounters accident after drinking too much liquor from your establishment. With this scenario, you’ll have confidence if you have “liquor liability insurance.”
• Employee accident: You’ll be held liable, as the owner, if one of your hotel staff encounters an injury. This type of incident can be resolved when you have “workers’ compensation premium.”
• Natural disaster/emergency: Unforeseen circumstances can happen at any time. It’s better to be prepared than be wretched in the end. When you have “property insurance,” you can quickly get back on your business.

One More Thing Before You Go
Running a hotel is satisfying because you’re providing a safe place for your lodgers, and running a restaurant is exciting because you’re delighting your customers. Whatever business you may have, your business is a significant venture that requires protection, so get the necessary commercial insurance premium from a trusted insurer for utmost convenience.

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.