Hoteliers need insurance with a custom fit
Flickr photo credit: Ed Bacchus
If you’re shopping for insurance through an agency or insurer that handles any number of policy types and industries, you could be under-insuring. That’s because general insurance agents, while understanding the broader aspects of covering commercial entities, are hard pressed to fully understand the risks unique to the hotel business. As a result, you may not be covering all the risks you can.
Instead, look for hotel industry specialists. These are folks like me, who understand the hotel business, and who have expertise in locating the right policies for your needs. Your general insurance agent may understand how to cover slip-and-fall injuries, general liability, or theft, but does that agent understand what hotel insurers require in terms of modern facilities, safety requirements, or management policies?
This winter has been unusual in that we’ve gone from severe sub-zero weather to moderate temperatures in short periods of time. We’ve had snow storms and floods. When the freeze thaw cycle repeats itself over and over again, your driveway pavement is going to pay the cost.