Hotel Owners Insurance

If you're looking for hotel owners insurance, you have come to the right place.

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Here at InsuranceHub, we have experience helping hotel owners get the coverage they need.

Hotel Owners Insurance

Being a hotel owner requires a lot of time and effort. If you want to be successful in the hospitality industry, then you must ensure your guests have a relaxing and enjoyable stay.

Most hotels have numerous amenities for their guests to utilize throughout their stay. For example, many have a gym, swimming pool, spa, or restaurant. Also, most hotels have a lot of money tied up in their computer and data information systems. These are used to keep track of their occupancy, guests’ personal information, as well as maintenance and room service requests.

What we’re trying to say is the industry comes with a lot of risks. Therefore, to protect your business and give you peace of mind you need hotel owners insurance.

Do I Need Hotel Owners Insurance?

You most definitely need hotel owners insurance! There are many risks in the hospitality industry that could possibly endanger your business.

Did you know that you’re more likely to deal with a liability claim than a property damage one? For example, one of your guests could trip in your gym or restaurant and injure themselves. You wouldn’t want to be left covering their hospital bills!

Also, hotels are a frequent target for cyber thieves. Your database is currently holding hundreds of guests’ credit card information, so you need to be protected!

How Much Does Hotel Owners Insurance Cost?

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It’s important to know that there’s no one price fits all when it comes to insurance. The cost will vary from business to business.

However, there’s a couple factors that can affect your hotel owners insurance cost, such as your location, amenities, the value of your property, and the number of rooms and employees you have. Also, having a bar on-site can drive up your premium costs.

Typically, if your hotel is well-maintained and has very few claims, then you may save some money on your rates.

What Coverage Do I Need?

Since every hotel is different, the type of coverage you need can vary. First things first, you need to figure out the value of your hotel, as well as the crime in your area. The amount of coverage you have is dependent on your comfortability with risk.

Here are some of the standard coverages you’d need for your hotel:

  • Business Interruption
  • Commercial Property
  • Cyber Liability
  • Employee Benefits
  • Employee Practices Liability
  • Equipment Breakdown
  • Food and Product Liability
  • General Liability
  • Liquor Liability
  • Workers’ Compensation

To get an idea of the coverage you need, talk with one of our insurance agents who specialize in hotel owners insurance.

Why Choose Us?
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Here at InsuranceHub Leavitt Agency, we strive to make the insurance process as easy as possible. We have a team of trained agents who specialize in hotel insurance and can guide you on the best coverage for your needs. Since we work with a wide variety of carriers, our agents can shop around and find you the best deals. We also have several payment options to choose from that make paying your premiums easy and painless!

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We'll explain your business insurance options, offer our advice, and get you on your way to the commercial protection you need.