Most people have enjoyed the benefits of the hospitality industry while staying at a motel, hotel, inn, or bed and breakfast. Whether it was for business travel, on a weekend getaway, or during a family vacation, hotels and motels provide their guests with the amenities of home, plus the perks of not having to clean, or even make a bed in the morning. Some guests may take up temporary residence at an extended stay motel, while others spend just a single night in an upscale boutique hotel. Whether their guests stay awhile, or only for a night or two at a time, and no matter their location or capacity, they need hotel and motel insurance coverage in case of property damage, theft, or an accident.
An experienced independent insurance agent has worked with owners and managers of hotels and motels in selecting commercial insurance coverage for their business. She is knowledgeable when it comes to the biggest risk exposures for hotels, lodges, and motor inns, and will guide owners in choosing coverage that suits their particular operation, whether it is a single location, or a chain of motels. She has access to commercial insurance policies offered through different insurance providers, too, so she can discuss those options with hotel and motel managers to make sure they are buying a policy with the appropriate coverage for their unique business.
For hotel and motel businesses that already have commercial insurance coverage, an independent insurance agent can meet with owners to evaluate their policy for gaps or exclusions that they might not have known about when they purchased it. She can also make sure they have a thorough understanding of their policy’s terms, and recommend other kinds of coverage, or additional policies that owners may want to consider adding on to their existing commercial insurance. She can discuss how the claims process works – just in case, and will also describe how premiums and rates for coverage can change over time, depending on location and size, and other factors related a certain hotel or motel’s business operations.
An independent business insurance agent can also assist hotel and motel owners interested in buying a new commercial insurance policy. She might mention how they will want to make sure to purchase commercial general liability insurance, along with workers’ compensation coverage for their staff and managers. Also, she can describe professional errors and omissions coverage for the hospitality industry, which hotels and motels may want to consider buying, and also insurance for guest property while it is on the hotel premises, and inland insurance coverage, or even global insurance, if a hotel chain has sites in multiple countries, or conducts business abroad.
Hotel and motel operators can anticipate that an independent insurance agent will want to make sure they buy equipment breakdown insurance, in case their business’s boiler, heating system, or central air conditioning stops working, and also coverage for loss of business income and business disruption, in case an incident like a natural disaster, fire, or accident forces a lodge, or motel to close temporarily, or if they lose certain essential staff members. She might mention commercial umbrella coverage, too, depending on whether a motel or hotel requires coverage beyond what is provided under its existing business insurance policies. Commercial umbrella insurance can cover a motel if it sustains a catastrophic loss, or has an ordinary claim that goes beyond the limits of its business insurance policy.
Hotel owners and managers should expect that an independent insurance agent will want to know things like the neighborhood crime score of the area in which their business is located, their building’s capacity, and whether there is a swimming pool, sauna, or hot tub on site, and specifically in guest rooms. Also, she will ask about the capacity of a hotel, its average vacancy rate, annual business receipts and income, and if there is a bar or restaurant operated on site, which might require additional restaurant and tavern insurance coverage through a hotel’s policy if it is operated by the same business. And, an independent insurance agent will want to make sure that there are working smoke detectors in all guest rooms and hallways, that outside doors remain locked to anyone other than staff and guests unless they are continuously monitored by security, and may ask whether a hotel or inn hosts corporate events like Christmas parties, or family gatherings, such as weddings and bar mitzvahs.
With the help of an independent insurance agent, hotels, inns, and B&Bs can ensure that their business is adequately insured. Then, in the event a guest’s jewelry is stolen from a drawer, a fire in a room causes smoke and water damage, or a bellhop slips and falls on ice when holding the entryway door, they know they have commercial insurance coverage in place, and that they can look to the guidance of a trusted independent insurance agent.
While the majority of people want an agent involved in their purchase of insurance, many people want to see if they can save money by buying direct from the insurance company. Others want to try a direct quote to make sure the premium they’re now paying through their local agent is fair. If you want a quote for your coverage, click on the competitive quote button on the right side of this page.