Host Greeting Hotel Guest In Lobby

A strong tourism industry has led to a considerable hotel demand in the Great Lakes State. Michigan hotel owners have the opportunity to run profitable businesses. However, they must play their cards correctly. They have to protect what they have built with hotel insurance.

Hotel insurance is usually not one simple policy. Owners usually need to invest in multiple types of coverage to protect their assets. Think about some of the items that a policy can protect, and what specific coverage you might need.

1. Hotel Insurance Can Protect Your Property

What happens if a disaster damages your hotel? You'll need to repair or rebuild your property to get back to boarding visitors as soon as possible. With property insurance, you can receive the funds you need to clean up after a problem develops.

Your property coverage likely comes with a lot of different nuts and bolts. For example, structure coverage can protect the building itself. Furnishings or personal items coverage can protect the possessions in the hotel. Equipment breakdown or utility insurance might help you repair vital systems. Even commercial auto insurance can extend protection to the hotel's vehicles. Think about the property you own, then ask your insurance agent how to protect those items.

2. It Can protect Your Clients And Services

Whenever you host guests in your hotel, there's a chance that something unfortunate might happen to them. They might hold you responsible for the harm they sustain. Various forms of liability insurance might help you in the event your actions harm others.

Bodily injury liability insurance might help you in case clients get hurt in your hotel. You might also need property damage liability coverage if clients' belongings sustain damage. You might even need specialty forms of protection, such as food service liability or liquor liability coverage, in the event customers experience harm from services you provide.

3. Insurance Protects Employees Too

You don't just have an obligation to protect your guests. You also need to protect those who work for you. Should employees sustain harm, they might expect compensation from you, the hotel owner.

Usually, you have to provide workers compensation insurance for employees who get hurt on the job. This insurance can provide income to them as they recover.

Other types of protection might also prove necessary. Should an employee allege mistreatment at the hands of management, employment practices liability coverage might help you settle these claims.

It's easy to see why hotels need various types of insurance. Talk to your Exceed Insurance agent about the types of protection your Michigan hotel should add.

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