What is Hotel Insurance?
Hotels provide guests with many services, and each one that a hotel offers exposes the hotel to certain potential risks. Almost any hotel, for instance, might be sued by a guest who’s injured while spending the night or could have property damaged during a burglary. Additionally, a hotel that serves food may be found liable for any food-borne illnesses its dishes spread, and one that has a pool might be held responsible for any accidents that occur in the pool area. These are just a few of the many possible risks that a hotel may face. Because they’re exposed to so many perils, it’s important for hotels to have robust hotel insurance policies.
Hotel insurance is a type of insurance that’s specifically designed to meet the needs of hotels. It’s normally written as a package policy, which means one policy contains multiple individual coverages. The individual coverages contained within a policy are often customized for a particular hotel’s situation.
What Coverages Does Hotel Business Insurance Provide?
Since hotels often have many insurance needs, hotel business insurance policies frequently include lots of different coverages. Broadly speaking, policies’ coverages can be separated into liability coverages and property coverages.