California Hotel Insurance Programs

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California Hotel Industry Snapshot

  • Southern California hotel construction continues to boom as 13,000 rooms were under construction in 2016 and 66,000 more are in the pipeline
  • Los Angeles leads the number of rooms under construction with a total of 6,772 in 37 hotels
  • Fear of overbuilding lingers as California and the rest of the country see booms in the industry

California Hotel Insurance Programs

Owning and operating a hotel in California can be a profitable endeavor, but it could also be a costly one if you do not have the right protection. Coverage risks for Los Angeles, San Francisco, and other cities vary greatly.

Exceed Insurance can help California business owners find the right hotel insurance policy to protect their businesses against unforeseen losses. We work with many different insurance companies. Therefore, our insurance offerings provide tailored coverage to meet the needs of California hotels.

  • 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: California law requires businesses to carry workers compensation insurance not only to protect the business from lawsuits, but to also protect injured workers.

California is a massive market for the hotel industry, and hotels seem to have no limits to the amount of amenities they can contain. When you buy a policy, consider the different risks that may affect your business. The hotel’s structure, materials, contents and location may affect your policy.

For example, hotels in the major hub of Los Angeles likely sit on prime real estate and have many creative designs. Hotels located inland in Sacramento face weather risks different from those of the Bay Area. Every insurance product, and every hotel, is different.

Exceed Insurance has collaborated with multiple insurance carriers with local, regional, and national presences. All our insurance partners have a strong representation in California. Our skilled agents can help you build a hotel insurance policy to best meet your needs. Contact us today to get started!

Additional Resources

Berkshire Hathaway Guard
The Hartford
Liberty Mutual
Indiana Farmer
Universal Property
State Auto
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