From quaint bed and breakfasts to large luxury hotels, there are a wide variety of establishments offering a place to stay, whether it is simply a bed for an overnight trip or an entire suite for a long family vacation.

1. Business Protection for Hotels
From quaint bed and breakfasts to large luxury hotels, there are a wide
variety of establishments offering a place to stay, whether it is simply a bed
for an overnight trip or an entire suite for a long family vacation. Hotels are a
huge part of the service and hospitality industry, but like any other business,
they sometimes need financial protection from damaging events, whether
property or liability related.
Hotel insurance gives hotels the protection they desire in a policy specially
written for these unique properties. Hotel insurance includes both property
and liability components that cover everything from a guest slipping at the
continental breakfast to any building or property losses if the cause is an
insured peril.
Property coverage in hotel insurance protects the hotel from both guest and
hotel property owned losses. While guest losses can be less frequent than
hotel property losses, they have the potential to be more costly in a
settlement. Guest owned losses can result from stolen property, either by
employees or third parties, or other hotel property damage, such as damaged
pipes. For hotels, not only is there the property losses to concern themselves
about, but guests may seek to sue the establishment for their liability in the
losses. Hotel insurance also covers loss to hotel property. Loss through theft
is common at hotels, whether taking towels or other items in the room. Theft
by employees can also be a problem, and most hotel insurance policies have
coverage to protect against this as well. Damage caused by guests can also be

2. a problem, especially if the establishment is located in an area associated with
a party-like atmosphere. Hotel insurance also covers accidental hotel
damage due to a variety of perils stated in the hotel insurance policy. While
undergoing repairs due to a covered loss, hotel insurance has loss of
earnings coverage, ensuring the reduced productivity or added costs do not
harm the property’s profitablility.
Since hotels exist to serve guests, they seek to serve as many as possible to
operate near capacity. Liability coverage in a hotel insurance policy takes
into account the high amount of patronage that can lead to a high number of
liability claims. In addition, hotels generally require a large number of
employees to keep everything clean and running smoothly on the property,
magnifying another source of liability claims. Hotel insurance covers the
cost of bodily injury of guests on the property, as well as the previously
mentioned situation where property damage results in a lawsuit attacking the
competency of the hotel itself. In addition, hotel insurance also has worker’s
compensation coverage, which covers the cost of employees’ medical
expenses due to an accident on the property of the hotel.
Hotels are an important part of the hospitality industry, and given their high
exposure to people, whether employees or guests, they require specialized
hotel insurance that is written to specifically reflect situations a hotel may
face. Finding the right hotel insurance for your property can take any hotel
owner or manager away from running their property, but by partnering with
an independent insurance agency, the owner or manager can take the burden
off of them. Independent insurance agencies can shop for the best policy from
the insurance providers they partner with, ensuring the business insurance
quotes they receive for hotel insurance are the most competitive available.
About Boardwalk Insurance: Boardwalk Insurance Group is licensed to
write hotel insurance policies in over half the United States and has many

3. other insurance solutions available through its affiliated insurance providers.
For More Details visit http://www.boardwalkinsurance.com