Arkansas Hotel Insurance Programs

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Arkansas Hotel Industry Snapshot

  • Aloft hotel opened early 2016 in Little Rock with 140 spacious rooms
  • Northern Arkansas region and Jonesboro have seen an increase in performance, seeing the highest revenue per available rooms over the last 5 years
  • The average room rate in northern Arkansas in 2016 was $89.42, a 28% increase since 2011

Arkansas Hotel Insurance Programs

When you open a hotel in Arkansas, you want to maximize your profits and minimize your risks. If you don’t have the correct insurance, you might have a hard time recovering from losses that affect your business.

Exceed Insurance can help you find the right hotel insurance policy to protect your business against unforeseen losses. We offer many different coverage options that can help safeguard your hotel from unforeseen losses.

Our agency has collaborated with many insurance companies and tailored a specialized program for your Arkansas hotel.

  • Property Coverage: We can provide coverage for your building and your business’ contents. Our property coverage helps fund repairs and replacement of items associated with your property in case of a covered loss.
  • Business Income Coverage: A suspension of operations may halt business, resulting in a loss of revenue. This coverage option can help cover loss of revenue.
  • Equipment Breakdown: Broken air conditioning systems, stoves, and cooktops can all be costly expenditures without the right insurance. This coverage helps fund repairs so you don’t lose revenue fixing it alone.
  • General Liability: Guests or other third parties may suffer a loss on your property. If they suspect negligence, they may seek damages. This coverage offers protection against these financial consequences
  • Employment Practices Liability: Employee allegations of discrimination, wrongful termination, harassment or other employment issues can lead to costly legal fees. This coverage will help alleviate the cost of defending a claim.
  • Commercial Crime: Guests and employees may commit various acts of crime, including theft. This coverage offers financial protection from such acts.
  • Commercial Auto: Any vehicle owned by your hotel will need insurance that meets your state’s requirements. We have comprehensive coverage options for business vehicles.
  • Workers Compensation: Arkansas law requires businesses to carry workers compensation insurance not only to protect the business from lawsuits, but to also protect injured workers.

Hotels vary greatly, so it’s important that you consider unique insurance coverage for every business. Exceed Insurance will consider many factors like your hotel’s age, size and features when we issue a policy. We will also consider your location in Arkansas when writing coverage. Hotels in Little Rock face unique risks compared to those in Fayetteville.

Exceed Insurance works alongside multiple insurance carriers with local, regional, and national presences. Our insurance partners have a strong local representation in Arkansas, and our policies will benefit Arkansans.

One of our skilled agents can help you build a hotel insurance policy to best meet your needs. Contact us today to get started!

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