Insurance for Hospitality Industry

Within the vibrant tapestry of the hospitality industry—comprising hotels, resorts and restaurants—a delicate balance exists. Guests seek solace and comfort, while behind the scenes, a complex web of risks awaits. Fires, slip and falls, and liability claims threaten to unravel even the most meticulously woven guest experience. Enter hospitality insurance, which can financially protect these establishments against unforeseen calamities.

Is Hospitality Insurance?

Hospitality insurance can refer to various specialized types of business insurance designed for organizations in the hospitality industry, such as hotels, motels and resorts. It may not be a specific named policy; instead, it may include a variety of coverages woven together. This type of insurance can offer financial protection against various risks that hospitality establishments face, such as property damage and liability claims.

What Is Included in Hospitality Insurance?

To safeguard your assets and mitigate potential liabilities, consider the following insurance policies when assembling your hospitality insurance portfolio:

• General liability insurance—This insurance can financially protect against third-party claims for bodily injury or property damage. It can help financially cover incidents like slip and falls, food poisoning or customer injuries.

• Workers’ compensation insurance—This insurance is mandatory in most states and can cover employee injuries or illnesses sustained on the job.

• Liquor liability insurance—Specifically for establishments that serve alcohol, it can help financially cover claims related to alcohol-related incidents.

• Business interruption insurance—This coverage can help cover lost income during unexpected closures due to events like fires or severe weather.

• Commercial auto insurance—If an establishment uses vehicles for deliveries, this insurance can help financially cover accidents and property damage.

• Commercial property insurance—This insurance can financially protect your physical assets, including the building, equipment and inventory, in case of a covered loss.

Numerous policy options may be tailored to fit your needs. Contact Morgan Marrow Company to discuss the right insurance for your hospitality business.