Hotel/Motel Insurance – What does it cover?
In most cases, entrepreneurs that own a business in the hospitality industry purchase this kind of coverage. Everything from small motels to expansive resorts, Hotel/Motel insurance coverage is an essential part of the hospitality industry. Typically it covers a range of costs that may arise such as damage created from a guest, employees or third parties just visiting the property. This can range from someone tripping over a rock all the way to a guest injuring themselves from a chair in the room. There is a variety of different circumstances where Hotel/Motel insurance can be used, in general though it is something that is typically used often and can save you a lot of time and money.
What is included in Hotel/Motel Insurance?
Most of the typical scenarios that you could think happen is usually covered within the policy, in general though these are the broad liabilities that it covers:
• Claims and liabilities towards employees
• Claims and liabilities towards guests
• Each business can have a custom created policy to fit their specific needs
Who is Hotel/Motel Insurance for?
Like we said, whether you own a small local Bed and Breakfast or a large resort, you should have a policy in place that will cover any claims filed against you. Here are some common businesses that seek this kind of insurance:
• Bed and Breakfast
• Hotel owners
• Hotel managers
One of the best investments you can make in the hospitality industry is having enough insurance coverage in the incident that something catastrophic happens. Even small motels can have huge liabilities; so speaking to one of our insurance representatives can help you better understand how much coverage you need for your specific situation. Contact Hockley & O’Donnell Insurance Agency today to get started with your Hotel/Motel insurance policy and see how much money you can save with the amazing rates we can offer.