Hotels and motels are frequently targets for lawsuits, and those who are in the hotel-motel business are keenly aware of their need to protect their businesses with insurance to protect them from enor
Most people are familiar with home and automobile insurance. But what many people are not aware of is that a hotel also needs insurance. Hotels and motels are frequently targets for lawsuits, and those who are in the hotel-motel business are keenly aware of their need to protect their businesses with insurance to protect them from enormous financial losses.
Those who are unfamiliar with hotel-motel insurance may be wondering why they need insurance in the first place. A great question to be sure, as many are unfamiliar with why a hotel would need insurance in the first place.
Reasons Why Hotels-Motels Need Insurance
The most basic form of insurance, this will protect a hotel from lawsuits if a guest is injured or has their property damaged. This offers vital protection for a hotel against potentially expensive lawsuits.
Food Illness Liability
Having a restaurant within their walls is another reason why a hotel needs insurance. Most motels won’t be operating a restaurant, but many hotels do, and food-borne illness insurance is going to protect the company if somehow E. coli or salmonella is served to a guest who becomes sick and wants to sue the hotel.
Liquor liability Insurance
One of the biggest moneymakers for a hotel is the liquor that is sold at the bars on their premises. Most hotels also offer liquor via room service or even at a minibar in the room. There are a lot of potential dangers that unfortunately come with serving alcohol, and liquor insurance is going to help protect a hotel from a guest becoming intoxicated and injuring themselves or others.
This is one of the most important types of an insurance a hotel needs. It protects the business from a lawsuit by an employee who was injured on the job. Cases like this are sure to occur, as accidents do, but worker’s compensation will protect a hotel from angry employees who may have gotten injured.
There are state regulations that determine exactly what sort of insurance a hotel or motel needs. These are a few of the basic kinds of insurance and basic explanations as to why a hotel needs insurance in the first place!
Protect your hotel and get business insurance today!
We can customize a Hotel or Motel owner’s insurance policy that’s written specifically for your business. We are just a telephone call away in the event that you have an inquiry or any need. Here are some of the quality coverage options offered by Baldwin Insurance Agency:
The price of your business insurance would depend on the amount of business you generate annually. Baldwin Insurance Agency would like to and wants to help answer any business insurance questions you have. Don’t waste your time looking for other options, call or email us now. We have a proven reputation for excellent customer service and reliable insurance carriers.
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