Insurance for Hotels and Motels
Hotel Insurance: Coverage to Protect Ranches, Spas and Resorts
Mar 20, 2008
Hotel insurance provides business protection coverage for owners and managers of hotels. Hotel insurance covers motels, resorts, spas, ranches and more. Learn more about the coverages included in the hotel and motel insurance policy.
Hotel Insurance Protects Motels, Spas, Resorts and Ranches
Hotel insurance includes a multitude of coverages specific to the needs of a hotel manager or owner.
- Flood, earthquake, wind, crime, builder’s risk, business interruption, boiler and machinery, flood clean-up expenses and improvements are available and included in the property section of the motel insurance policy.
- General liability, business auto, excess liability, liquor liability and umbrella coverage are included in the casualty portion of the insurance policy for ranches and provide protection for valued guests.
- Worker’s compensation provides insurance protection for resort and spa employees in case of injury on the job.
Coverages vary by motel, ranch, resort and spa insurance company.
Insurance that’s Unique to Hotels, Motels, Resorts, Ranches and Spas
Additional liability limits are a key component of the resort insurance policy.
- Pollution-related liability coverages like clean-up, business interruption and additional coverage for storage of pollutants are included in motel insurance.
- Employment practices liability insurance provides coverage against resort guest claims, prior acts, accidental death and dismemberment and punitive damages.
- Umbrella insurance for motel and hotel owners can provide coverage in the millions for each person with special coverages like worldwide protection.
- In addition, ranch insurance provides liability coverage for special events like trail rides. Spa insurance can also include coverage for fitness classes in case of injury.
- Restaurants, swimming pools, gift shops, barbers, lounges and catered events and meetings can all be covered by the resort insurance policy when they are part of normal operations and designed for use by guests of the resort, ranch or spa.
All coverages vary by hotel insurance company.
Motel and Hotel Insurance Discounts Available
Motel and hotel insurance discounts can include a discount for having an up-to-date safety policy in place. A safety policy most likely includes all appropriate equipment to protect against fire (fire extinguishers, hoses and smoke alarms) and an evacuation plan. Motels and hotels should have safety plans posted and all employees should be certified in appropriate safety procedures in order to receive an insurance discount. Additional insurance discounts, special programs and reduced rates may also be available if the ranch, spa or resort is new, financially solvent, not located in a flood zone and has a low loss ratio. Discounts and reduced rates for motel and hotel insurance vary by company.
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