Hotel Liability Insurance
Hotel liability insurance is one of the most basic forms of hotel insurance coverage and insurance for hospitality business, and it essentially covers the owner of the hotel from charges originating from customers and third parties. For example, if one of your clients ends up getting injured in one of your hotels, liability coverage can pay out for their injuries.
Hotel liability insurance policies have a payout limit, and if the damages exceed that limit, then the hotel owner or operator will have to pay out of pocket. Along with bodily injury, hotel liability insurance coverage will also protect the hotel operator from having to pay out for property damage that customers sustained.
The “third-parties” part of hospitality business liability insurance comes into play when you have people on site that aren’t your workers or customers. For example, if you have a catering company that serves food at one of your casinos, then your hotel insurance coverage may also extend to their employees.
Hospitality Indemnity Insurance
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 more rare and much more expensive than basic liability coverage, though it only applies to certain industries.
While we’re sure you could find hospitality indemnity insurance if you searched through the 'Get Quotes' button option, many searchers end up getting it confused with hospital indemnity insurance, which is a completely different sort of coverage that is also known as medical malpractice insurance, which kicks in if a doctor makes a mistake and it results in a patient being injured or even dying. So do not be mistaken, as you are after something else.
However, a form of hospitality indemnity insurance that may apply to hospitality business owners is property indemnity insurance. This protects you from legal defects with the property that you’re purchasing, especially those that would require quite a lot of work to fix up.
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.
Another difference between resort insurance and motel insurance is that resorts tend to offer their guests exclusive activities that may end up putting them in danger. All of this comes together to increase the relative cost of resort insurance, especially when you compare it to hotel insurance coverage.
Most resorts are covered by hospitality business insurance policies, just like hotels, but they are often handled by agents that are qualified to work with resorts. Since resorts tend to be big-ticket customers when it comes to liability insurance, don’t be surprised if you’re dealing with one of the higher-up agents at one of the best motel insurance companies.
