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Hotel Insurance

If you’re looking for the best Hotel Insurance in the United States, Exceed is a leading insurance agency that offers the best custom Insurance coverage for hotels. Get in touch with us for more details!

Hotel insurance typically does not refer to a single type of coverage capable of addressing all risks and exposures. Rather, insurance for hotels may refer to a package of policies that, when combined, create a sufficient safety net across many common incidents.

Each of the hotel insurance policies includes premiums, and as long as you keep up with your payments, you can retain access to critical financial assistance that may help limit your out-of-pocket losses following a covered incident.

Why do you need hotel or motel insurance for your business?

Starting and managing a hotel or motel business demands a massive investment in terms of property and the contents within the business. With such an investment, it becomes equally important to ensure that the business flow is uninterrupted and smooth.

At Exceed Insurance, we understand your insurance needs and offer tailor-made Hotel Insurance Coverages to give your hotel the protection it requires.

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As a core pillar of the hospitality industry, hotels may provide valuable services and commodities to vacationers, business travelers and those needing short-term living accommodations. However, welcoming guests to your business’s premises includes many risks and exposures. Even the most experienced hotel operators and employees may eventually be responsible for an accident or other incident that results in significant financial losses. With this in mind, acquiring and maintaining a versatile hotel insurance portfolio should be prioritized.

Hotel Insurance Coverage:

Although exact insurance coverage needs may vary, the following types of hotel insurance may be advisable investments:

  • General liability insurance—This coverage may help pay for third-party losses for which your hotel was at fault. For example, if a guest is injured while on the premises or their property is damaged, general liability insurance may provide compensation.
  • Business interruption insurance—This coverage can provide financial security for your hotel by compensating you for losses and expenses incurred due to an incident that delays or disrupts your normal operations.
  • Workers’ compensation insurance—This coverage may offer financial assistance in response to employees’ on-the-job injuries or work-related illnesses. This type of insurance is often legally required and can help pay employees’ medical bills, lost wages and disability benefits, and your company’s legal costs.
  • Employment practices liability insurance—This coverage may help pay for legal costs and financial losses arising from a current, prospective or former employee suing your hotel for improper workplace practices, such as discrimination, harassment or wrongful termination.
  • Cyber liability insurance—This coverage can help your hotel recoup losses and costs from a data breach or other cyber incident.
  • Commercial hotel umbrella insurance—This form of secondary insurance can provide additional financial assistance if the liability limits of other policies, such as general liability and cyber liability, are exhausted.

Your hotel may require additional hotel insurance policy depending on its features, operations and other unique characteristics. For example, if your hotel includes a bar or uses motor vehicles, liquor liability insurance and commercial auto insurance coverages should be considered essential.

Recommended read: All about Hotel Insurance

What Does Property Insurance for Hotels Entail?

As a hotel, your property may include many valuable items and commodities. With guests regularly entering and exiting your premises, and while having to account for inherent risks that may affect all physical businesses regardless of industry or size, your hotel insurance portfolio should thoroughly address losses involving your property.

Fortunately, commercial property insurance, also known as property business insurance, can provide critical financial security for your business’s assets and belongings. In response to many common perils, such as fires, lightning, theft, vandalism and hail, commercial property insurance may help your hotel recoup losses involving the following:

  • Buildings
  • Electronics
  • Equipment
  • Furniture
  • Inventory
  • Landscaping
  • Signage

In many cases, windstorms, floods and earthquakes are not included in standard commercial property insurance policies. If your hotel is in a location at risk of these incidents, you should seek to augment your coverage accordingly.

How to get Hotel Insurance Policy?

For over two decades, the dedicated staff at Exceed Insurance has worked with businesses, families and individuals to establish and maintain optimal hotel insurance coverage solutions. Our agents will work with your hotel to analyze its circumstances and assemble an insurance portfolio capable of providing robust financial protection.

Contact us today and get a personalized quote as per your business requirements.

Get the Right Coverage

For over two decades, the dedicated staff at Exceed Insurance has worked with businesses, families and individuals to establish and maintain optimal coverage solutions. Our agents will work with your hotel/motel to analyze its circumstances and assemble an insurance portfolio capable of providing robust financial protection. Contact us today to get started.

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Ultimately, the goal of an award-winning insurance company is to provide its customers with peace of mind and financial protection in the face of unexpected events.

Regions We Serve

East Coast

Mid-Atlantic

Southeast

Midwest

Great Plains

West Coast

Mountain West

Southwest

Exceed’s hotel insurance is available for everyone, no matter where you are in the United States.

FAQs

Yes! Depending on your specific needs, we can recommend additional coverage options like:

  • Liquor liability: Protects you from lawsuits if a guest becomes intoxicated after consuming alcohol at your hotel bar or restaurant.
  • Workers’ compensation: Covers medical expenses and lost wages for employees injured on the job.
  • Cyber liability: Protects your hotel from data breaches and other cyber threats.

While there’s no federal mandate, most states require businesses to carry workers’ compensation insurance. However, having general liability and property insurance is highly recommended for hotels to protect your assets and guests.

The cost of Exceed’s hotel insurance depends on several factors which includes the size and location of your hotel, your amenities, and your claims history. We’ll work with you to find a budget friendly policy that meets your coverage needs.

Our experienced claims team will guide you through the process, working hard to get you a fair settlement quickly and efficiently.

Not necessarily. Hotel insurance policies typically cover both your building and its contents under property insurance.

Absolutely! We offer flexible insurance policies for hotels that can be tailored to your specific needs and budget.Get in touch with us for more details!

Real Client Stories

Customer Feedback

Exceed's Hotel Insurance is amazing! Their insurance experts explained everything clearly, found me the best coverage for my boutique hotel, and saved me money. Now I feel confident knowing my guests and property are protected.
Li Wei
I was finding the right insurance policy for my resort. That's when I was referred to Exceed Insurance by a friend. Their experts custom-built a hotel insurance policy that covers everything at a perfect price. Highly recommended!
Sophia Brown
What I love about Exceed Insurance is that they handle claims quickly and fairly. Their team helped me customize my hotel insurance policy as per my requirements. They know the hospitality industry inside and out, and it shows in their understanding and support.
Riya Singh
Exceed's Hotel Insurance goes beyond property protection. Their proactive approach helps me prevent issues, and their responsive team is there if anything happens. They've been my trusted partner for more than five years now.
Ava Thompson

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