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Ensuring you have the right hospitality insurance coverage can ensure that your hotel has the best protection.
Much like with B&B or even restaurant and coffee shop which are essentially in different industries, you want to be sure that you know what coverage to purchase to avoid wasting money.
This article offers more about the best hotel, resort, and motel insurance companies to do business with, their costs and various policies.
Liability insurance protects a hotel from third-party claims. There are many types of liability insurance. And for hotels, the most common liability insurance are:
Hotel liability insurance is typically offered as general liability insurance, which is one of the most essential hotel insurance coverage.
This type of liability insurance for hospitality business provides protection from third-party personal injury claims and property damage claims.
As the policyholder, you can use general liability insurance to pay for defense costs and compensatory amounts to the third party.
Here are some examples so that you understand how hotel general liability insurance works in practice:
General liability doesn’t only take care of property damage and personal injury claims. It has add-ons that provide protection against other exposures associated with your hotel business’s interaction with guests and other entities. These add-ons are:
Public liability insurance is another liability policy available for hotels. Just like general liability insurance, public liability insurance covers personal injury claims and property damage claims from third parties.
Hotel liability insurance policies have a payout or coverage limit. Liability insurance will only help you settle a claim up to the amount covered by its limit.
For example, if a personal injury claim costs $500,000 and your general liability or public liability insurance has a $1 million limit, then you can use any of the two to pay the compensation in full.
However, if the claim is much higher than your liability insurance’s limit, you’ll have to pay the excess for yourself.
Umbrella liability insurance can help you with the above situation. This liability insurance will pay for the “excess” amount your liability insurance policy can’t take care of. So if you still have $1 million left to pay, umbrella liability insurance will pay for such excess on your behalf.
You have a lot of tangible assets to protect against losses when running a hotel. In connection, you’ll get the most comprehensive protection through commercial property insurance.
Commercial property insurance has two basic functions:
Additionally, commercial property insurance has stocks and contents coverage, and business equipment and tools coverage.
Commercial Auto Insurance
Commercial auto insurance is a coverage for the commercial vehicle your hotel owns whether it be an expensive limousine or economy passenger van. The four types of protection your hotel’s commercial vehicle gets from this insurance are:
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If an employee gets injured, you’re responsible to pay for treatment, hospitalization, medication, and lost income compensation. Of course, you want to avoid paying for the costs yourself. Workers compensation insurance makes this possible.
Workers’ compensation insurance will pay for the treatment, hospitalization, medication, and lost income compensation of an employee.
Hospitality indemnity insurance is a form of coverage that will protect you even if you’re found to be at fault for what occurred. This kind of hotel business insurance is a little rarer and much more expensive than basic liability coverage, though it only applies to certain industries.
Resort Insurance
Compared to hotel business insurance, resort insurance tends to be a little more expensive because of the higher average quality of the accommodations in a resort. The vast majority of resorts tend to have high property values as well as plenty of valuables within their suites.
Hotel Insurance Cost
In most cases, the cost of insuring a hotel depends on the number of rooms that it has, the number of years in business, revenues, number of employees, and more.
The average small hotel insurance cost for small hotels is about $84 per month or $1,008 per year for a $1 million general liability insurance policy only.
Below, we’ve gathered the following average hotel insurance rates from some niche insurers for medium-large hotels. For these numbers, our hotel has a clean history and is a well-maintained building.
| Company | Cost per month | Cost per year | |
| CoverWallet | $83 | $996 | |
| Leavitt | $107 | $1,284 | |
| Great American | $115 | $1,380 |
CoverWallet offers four coverage plans for hotels and motels – general liability only, general liability and commercial property insurance, business owner’s policy with workers compensation, and a custom plan.
Coverwallet is your compan if you’re looking for a carrier that allows the paying of premiums, getting a copy of certificate of insurance, and managing policies online.
Average cost: $83 per month
Our rating: 10/10
Leavitt covers hotels and motels under their Lodges and Resorts policy.It is a company that specializes in working with companies in the hospitality and camping industries. Along with hotels and motels, Leavitt covers campsites, bars, and even recreational centers.
Average cost: $107 per month
Our rating: 9/10
Great American offers an exclusive policy for hotels, known as their Hospitality and Leisure policy.
They will provide coverage for clientele that ends up getting injured on your property and bundle it with property coverage for the buildings themselves and even coverage against theft.
Average cost: $115 per month
Our rating: 8/10
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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