There are many possible risks covered by this insurance package, but we can broadly classify them into two; liability insurance coverage and property insurance coverage.
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Looking to make your hotel business thrive? The open secret is having your guests come back again after their first stay. However, this can only happen if they had the best experience they’ve ever had lodging at a hotel, and to create this, you provide them with special services and treats to compliment their stay.
On the flip side, you may not realize that the more services you provide, the more risks your business is exposed to. A guest could file a lawsuit because your exotic food didn’t go well with their body system; another may have an accident at the pool. Worse, valuable property may get lost or damaged by room service attendants.
Frankly, there are endless possibilities of risks you are exposed to. In fact, virtually every service you offer has a risk attached. So, do you resort to not offering special services to your guests? Absolutely not! Your best option at mitigating loss is through hotel insurance.
There are many possible risks covered by this insurance package, but we can broadly classify them into two; liability insurance coverage and property insurance coverage.
Sometimes, your hotel services may harm your guests in one way or the other. The liability insurance coverage protects you from claims of this nature. Some of these policies include:
This protects your business from many possible risks that you could face on a general scale.
Hotel insurance policies are not limited to just the above. Depending on your hotel’s specific needs, you may have a special package with which to insure your business against risks. For instance, your business may need coverage on workers’ compensation or guest relocation from a room to another, and if you host events, event cancellation insurance may come in handy.
Bear in mind that the most important thing when it comes to getting hotel insurance is making sure you have the best insurance broker for you. Due to the numerous possible coverages your hotel may need, it is essential that your broker is well experienced and has a broad knowledge of your business’s workings to make the best judgment of insurance policies that would suit your business.
We are qualified in all areas to do this for you. With us as your broker, you can be sure that you are protected from risks to both your business and property.
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