Hotel Insurance With Civil Liability Coverage

Insurance is very important, especially if you have a business. With a good insurance policy, you protect both your business and the well-being of your customers. The reason is that your provider takes over in case something bad happens. They would be responsible for settlements of $10K, $100K or even $1 million…amounts that an ordinary business could not afford.

The situation becomes even more critical for companies related to hospitality. Whether someone runs a nightclub or a hotel, there is a greater chance of a liability claim. But if you have hotel insurance, your financial interests are protected, no matter what happens. Even if the judge finds your company at fault, your provider will still cover the settlement.

The same is true for nightclub insurance. These policies are similar to hotel insurance in that they cover a broader range of liabilities. However, they are different enough to be purchased separately. The only exception is if the nightclub is part of the hotel. In that situation, the owner could get an all-in-one discount if he buys both policies from the same company.

Now, whether you get nightclub or hotel insurance, make sure each policy covers public liability. If they do, you will be protected against negligence lawsuits. For example, if someone falls on a freshly mopped floor and a “Wet Floor” sign has not been posted, you will not be liable for damages. The negligent employee responsible for the accident would also be protected.

Contents insurance must also be covered in your policy. With this protection, you will receive compensation if there is any theft, damage or vandalism to fixtures within your building. The same goes for your business belongings, like beds or exercise equipment. In fact, with content protection, you could end up saving thousands, since you won’t have to replace these items out of pocket.

Now, for those on the bar side of hospitality, there are special pub insurances. They address more unique concerns compared to hotel or nightclub insurance. Since bar owners have more content to worry about, they need a different level of protection. However, your coverage may not be as comprehensive as nightclub or hotel insurance, simply because your interaction with the public is different. If a bar doesn’t have a dance floor, it’s more like a restaurant (at least in the eyes of an insurance provider).

There you have it… the basics behind hospitality insurance. If you own a hotel, bar, or nightclub, you need to get your hands on these policies. Otherwise, you could suffer serious financial consequences. That $1 million settlement a client received for falling falls on your shoulders. In addition, you would suffer negative publicity. Of course, this does not mean that it will be free of emotional consequences, since anyone who is going through a trial will suffer a little spiritually. But with hospitality insurance, you don’t have to worry about losing your business in the process. Your provider will take care of all the details, giving you time to repair your company’s damaged image.