Lodging

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A lot of hard work goes into operating a hotel, and providing your guests with a satisfying and relaxing experience is your primary focus. Hotels can feature a variety of amenities including a restaurant, boutique, conference center or a swimming pool. Hotel owners may rely on specific equipment to check guests in and out, to keep track of room service requests, and to maintain their employees' work hours. Regardless of your small business's unique features, keeping your hotel's property and resources protected at all times is highly important for combatting financial and legal risks. Lodging insurance solutions through AmTrust Financial can provide you with the level of coverage you need to keep things running smoothly whenever the unexpected arises.

In the hospitality industry, there are many different hazards that could jeopardize your business. Your housekeeping staff could be subjected to workplace accidents and injuries, or you could be faced with extensive property damage if a fire breaks out and quickly spreads throughout your building. If you serve food, a customer could become ill after suffering an allergic reaction to an ingredient in one of your meals.

You can't always predict when a negative incident will happen, but you can be prepared for risks that may threaten your hotel. To shield your business, employees, and guests, hotel insurance solutions through AmTrust can cover many financial burdens associated with unforeseen catastrophes and liability claims.


What Types of Hotel Insurance Policies Should I Invest In?


There are several policy options available to you as a hotel owner. The policy features and coverage amounts you'll need will largely depend on the size of your business and how you run your hotel. Generally, many hotel owners opt to carry:

• Workers' Compensation
• Businessowners Policy (BOP)
Employment Liability Insurance (EPLI)
Disability Insurance
• Cyber Liability Insurance


Workers’ Compensation for Hotels and Lodging


Without your staff, it would be nearly impossible to run your hotel successfully. Even if you provide your employees with safety training and procedures, accidents and injuries can still happen. Required by most states, workers' compensation insurance can help to cover the costs of medical bills and lost wages if an employee suffers an on-the-job accident, illness, or injury. Some off-site incidents may also be covered, as long as the events are work-related. This type of policy is a no-fault system that could potentially prevent an injured employee from suing your hotel for responsibility for his or her injury, in addition to covering claim-related expenses.


Protect Your Property and Inventory With a Businessowners Policy


A businessowners policy (BOP) is a wide-ranging policy that can help protect small businesses. A BOP can help you recover financially if the building you own or lease becomes damaged due to fire, weather, theft, vandalism, or any other covered event.

BOPs typically include:

Commercial property insurance to assist with the costs of repairs or replacements if your building, equipment, or other hotel property becomes damaged or destroyed.
General liability insurance to help shield your hotel from most third-party claims including bodily injury, advertising injury, property damage, copyright infringement, and libel.
Business interruption insurance to help you recoup some of your lost income if a hazard such as a fire, data breach, or another covered event causes you to have to close your hotel for an extended period of time.


Cyber Liability Insurance


As a hotel owner, you most likely store your guests' personal information on computer databases. If a hacker is able to steal their credit card numbers, addresses, phone numbers, or other personal data, your business could be subjected to lawsuits. Cyber liability insurance may help you recover from the financial repercussions associated with a cyberattack and related legal expenses.


How Do I Get Lodging Workers’ Comp and Business Insurance?


Protecting the hard work you’ve put into your hotel is a top priority and having the right insurance that will safeguard your work is crucial. Get the coverage you need to keep your business thriving even in the face of uncertainties. Let AmTrust Financial help you find insurance policies and coverage limits to help keep your hotel safeguarded. We work alongside you to find an insurance package suited to your needs. To learn more about hotel workers' compensation packages and other top-rated insurance products that are available through AmTrust contact us today.
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