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.
Hotel insurance is specialized coverage that protects a hospitality property, its guests and its operations from financial loss. A policy typically combines property coverage with liability protection such as general liability, liquor liability, food-borne illness and cyber, plus workers’ compensation and commercial auto. Clopton Insurance Services arranges hotel coverage for boutique hotels, resorts, motels, inns and extended-stay properties.
Hotel insurance provides specialized protection for hospitality businesses, covering property, guests, and operations from unexpected financial risks.
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 complement their stay.
On the flip side, you may not realize that the more services you provide, the more risks your business is exposed to—risks that hotel insurance is designed to help manage. 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 comprehensive hotel insurance that protects both your operations and your reputation.
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:
General liability covers legal claims when a guest is injured or a guest’s property is damaged at your hotel.
Property insurance, on the other hand, protects your hotel properties. It keeps buildings, equipment, and other structures you may have from risks of possible damage caused by either natural disasters or man-induced accidents. Our hotel insurance package covers several policies, such as:
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 right 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.
Clopton Capital arranges hotel insurance for owners and investors of boutique hotels, resorts, motels, inns and extended-stay properties, with competitive coverage options from our insurance network. If you are buying or refinancing a hotel, see our hotel financing.
Running a hotel involves balancing guest experience with operational risks. Get a tailored insurance quote designed for US hospitality businesses. Contact us at 866-647-1650.
Insurance is arranged by Clopton Insurance Services, LLC, an insurance brokerage that arranges coverage through insurance carriers. It does not underwrite or issue policies.
Hotel insurance can cover a range of properties, including boutique hotels, resorts, motels, inns, and extended-stay properties.
Yes. General liability helps protect against legal claims arising from guest injuries or property damage.
Yes. Policies can include food-borne illness liability and liquor liability for on-site restaurants, bars, or catering operations.
Absolutely. Hotels store sensitive guest data, making cyber coverage important for breaches, hacks, and data theft.
Yes. Employment practices liability can cover claims related to hiring, harassment, or wrongful termination.
Coverage depends on location and policy type; hotels may add wind, flood, earthquake, or wildfire protection.
If the hotel operates shuttles, vans, or service vehicles, commercial auto liability is recommended.
Pricing depends on hotel size, amenities, risk factors, claims history, and geographic location.