Oregon Hotel Insurance Programs

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Oregon Hotel Industry Snapshot

  • Oregon tourism is a $10.8 Billion that generates over 105,00 jobs
  • Hotel prices have increased from an average room rate of $120 in 2010 to nearly $180 in 2015
  • Oregon collected over $223 million in tax revenue from tourism in 2015

Oregon Hotel Insurance Programs

Opening a hotel in Oregon comes with a great chance for a profitable business. However, you want to protect your hotel’s business assets by reducing your risks.

Insuring your hotel with the correct insurance means you will be better able to compensate for losses your business might sustain.

Exceed Insurance can help you find unique coverage specifically tailored to your hotel. We offer policies that come specifically tailored to meet the needs and requirements of Oregon hotel owners.

  • Property Coverage: We can provide coverage for your building & 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 crimes, including theft. This coverage offers financial protection from such actions.
  • 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: Oregon law requires most businesses to carry workers compensation insurance. This is not only to protect the business from lawsuits, but to also protect injured workers. You often have to compensate an employee in case they get hurt on the job.

The hotel industry in Oregon is very unique. The hotel market in Portland has different characteristics compared to hotels in small towns along the coast. Therefore, you have to insure every hotel to fit its unique environment.

Exceed Insurance works alongside multiple insurance carriers with local, regional, and national presences. Our partners have established a foothold in Oregon, and can help you get the correct policy options to meet your needs. 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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