Hotel insurance is a kind of insurance cover given to hotel owners and managers. Hotel insurance covers motels, resorts, spas, ranches and more. It protects hotels and other such facilities from any third-part claim that may arise in the normal functioning of a hotel business.
Depending on the needs of hotels, a multitude of coverage is provided to accommodation facilities. An ideal insurance policy for hotels protects from following embarrassing situations:
Flood,
Earthquake,
Destruction from strong gust of wind,
Criminal offenses
Loss caused to building
Business interruption
Loss due to bursting of Boiler
Plant & machinery loss
Hotel insurance policies also include general liability, business auto, excess liability and liquor liability to facilitate normal functionality of hotel, resort and any other accommodation facilities.
Some hotel insurance policies include workmen compensation for situations when owners or mangers have to pay employees in case of injury on the job. Nowadays, insurance policies related to pollution-related liability are also available. An insurance policy with pollution-related liability coverage includes storage of pollutants that may hamper a hotel’s normal business.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment