Hotel & Motel Hospitality Insurance
Hotels and motels are often the target for lawsuits, with high profile cases emerging every year. In the hospitality industry, the financial health of your business depends heavily on your insurance coverage. Hospitality insurance coverage is designed specifically to protect your business and assets from any natural disasters or unforeseeable damage caused by customers.
Types of Hotel & Motel Hospitality Insurance
Your hospitality insurance must be tailored to meet the needs of your enterprise. You should have coverage for everything from a guest’s slip and fall accident to fire property damage, security failures, and smoke inhalation injuries. A hotel or motel hospitality insurance package may include:
- Business property insurance: This insurance can help restore lost income and cover losses to equipment and materials–such as bedding, televisions, washing machines, and refrigeration units–that are caused by unexpected occurrences.
- Business liability insurance: Liability insurance can help protect your business against losses resulting from guests claiming that they were injured or that their property was damaged on your hotel or motel premises.
- Business crime insurance: This coverage helps protect you from losses resulting from wrongdoing by a third party, such as theft, vandalism, or robbery.
- Guest property coverage: If a guest has property lost or damaged while staying in your hotel or motel, this insurance covers your legal liability.
Cost of Hotel & Motel Hospitality Insurance
The cost of your hospitality insurance will depend on the location of your business and the types of coverage needed. Our local insurance agents at Third Door Insurance in Nashville, Tennessee can design a package with coverage solutions tailored to meet the needs of your hotel or motel hospitality business.