Hotel and Motel operations can be the most diverse challenge to insurance agencies. In addition to insuring the real estate property, and the amount of contents for all the rooms and the offices, there are many things to consider to properly compile hotel or motel insurance.
In addition to regular rental rooms where people stay when traveling can involve:
Each additional operation can have specific underwriting considerations, questions, and options. The standard optional coverage, of course, should include Electronic Data Processing, Earthquake, Flood, and Sewer Back-Up coverages.
In addition to regular property coverage for the building, stock, and equipment of the hotel or motel, specific coverage, as needed, can be added for;
How much hotel insurance you require will depend on a number of factors pertaining to your business. An AMC Insurance Commercial Insurance Advisor can help you assess the amount of coverage required.
The cost of hotel insurance varies based on gross revenues of the business, the risk, and the limits of insurance. There are additional coverage that can be added to a Commercial hotel Insurance Package, such as Cyber Insurance. These coverages can increase the cost but expand coverage and reduce risk.
Hotel insurance can protect the financial stability of your business should a liability claim arise against you. A policy can also include coverage for buildings, contents, and loss of business income.
Hotel insurance can be completely customized to cover all of your hotel’s exposures.
AMC Insurance has a team of agents who can assist your company with your bonding needs. Call 1-866-350-8555.
At AMC Insurance we provide insurance products unique to our customers needs. We communicate with the business to determine the best commercial insurance products for the individual business rather than a “one size fits most” type of policy. A business insurance quote can be requested online through our quote request form.