Flickr photo credit: Despotes

To own a hotel is to worry – if you’re worried about a risk, let us know – it may be insurable.

1.  Read your policies, paying attention to the limits, conditions, and exclusions. If you have questions or concerns, let us know.

2.  Liability limits can be increased – if you’re concerned, let us know.

3.  Commercial General Liability (even with an Umbrella) doesn’t cover all types of claims. If you’d like to discuss Employment Practices Liability, Directors & Officers Liability, Fiduciary (ERISA) Liability, Professional Liability, International Liability, Cyber-Liability or other types of protection, let us know.

4.  Selecting adequate Property insurance limits is your responsibility – if you underinsure, there can be coinsurance penalties and/or you’ll come up short after a serious loss. Replacement Cost requirements have nothing to do with Market Value or Book Value – what would your building(s) and contents cost to replace, brand new, if destroyed?

5.  Studies show that even with adequate limits on buildings and contents, businesses that don’t have enough “Business Income Insurance” fail within three years almost 50% of the time. If you’re concerned, let us know.

6.  We need to be told when or before there are changes to your business operations, locations, products handled or services delivered.

7.  With few exceptions, Workers Compensation is required by law for all businesses. If you don’t have it insured somewhere, let us know.

8.  Property insurance policies don’t cover all perils. If you’re concerned (for example) about Flood, Earthquake, or Equipment Breakdown, let us know.

9.  Do you have any (or enough) Crime insurance? If you’re not sure, let us know.

10. Do any of your business contracts contain insurance requirements? If so, let us know.

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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.

Potholes will happen. This is a guarantee. Are you making every effort to keep your driveway and sidewalks repaired for your guests and employees? Guest vehicles can be damaged. Guests can trip and fall. Guests can be injured by luggage falling from a rack when the courtesy van hits a dangerous pothole.

It’s important that your insurance provides the coverage needed. If you’re not sure whether or not you’re covered, give us a call. We can look over your policy – at absolutely no obligation, or risk. We’re here to help you have the best coverage possible – whether it’s with us or through your agent.

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