Boardwalk Insurance Group | Auto, Home, Commercial, Life and Health Insurance for Residents and Companies in the United States

CAT | Hotel or Motel Insurance

Boardwalk’s Hotel Insurance Provides Valuable Protection 4.33/5 (86.67%) 12 votes

Hotels and motels are an integral part of the service industry, providing a comfortable, safe place to rest while on vacation.  To protect the hotel from the cost of covering any damages from liabilities or hazards, hotel insurance is a must.  Hotel insurance can offer protection in a wide variety of situations, but what sets it apart from more generic business insurance policies is hotel insurance is customized for the hotel industry.

Hotel insurance is made up of two main components, property hotel insurance and liability hotel insurance.  Both the property and liability coverage can then be broken down into what it specifically covers.  The property coverage of hotel insurance protects both hotel property and the property of the guests staying there.  In the event of damage to the property, business income coverage in hotel insurance protects from loss of business.  In a hotel where damage to one room can quickly affect many, this aspect of hotel insurance is surprisingly important.  Other property related hotel insurance coverage protects from theft by employees and equipment failure, such as computers and other important appliances related to operating your hotel.

In the service industry, liability coverage is just as important, if not more important, since guests and employees who feel they have been put down can easily file a lawsuit, whether substantiated or not.  Even bogus claims can cost thousands of dollars do defend the good name of the business. Hotel insurance protects from the costs of both guest and employee liability claims.  A guest that slips and falls on a spill in the breakfast area can be a costly customer if hotel insurance is not around to cover the cost of legal expenses and other damages possibly awarded.  Hotel insurance even covers liability claims by employees if they get hurt on the job or file a civil claim for discrimination.

Something else to think about for hotel owners is that franchised properties may require umbrella insurance in addition to standard hotel insurance.  Umbrella insurance is just another layer of financial protection.  It covers above and beyond when the premiums of the hotel insurance are reached by the cost of the damages.  Umbrella insurance is a great second line of defense, especially for larger hotels where paying for a higher premium on a standard hotel insurance policy might be cost prohibitive.

Insurance is an important line of defense for many costly situations facing businesses daily.  For hotels, customized hotel insurance has the potential to preserve the property in the face of seemingly irreparable damage or a strong liability suit.

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Hotel Insurance Protects Your Business 4.50/5 (90.00%) 6 votes

The service industry is built on pleasing customers with outstanding customer service, and running a hotel is no different.  To protect your hotel from disaster and liability, a hotel insurance policy can be bound from many different insurance agencies.  Similar to other business insurance policies, hotel insurance combines a strong property policy that can be tailored to cover both natural and manmade disasters strong liability policy with a, due to the large number of third parties, or guests vital to the health of the property.  Getting business insurance quotes for hotel insurance should be a pretty simple task, since many insurance providers offer hotel insurance.

The property coverage of hotel insurance is the most variable part of the hotel insurance policy.  Hotels have quite a bit of property that is cycled in and out of use, and it is no secret that some of it can disappear at the end of a guest’s stay from time to time.  Also, while hotels try to find the most robust property to put in their guest rooms, it can still become damaged due to the actions of others, requiring a property policy that protects the hotel from losses due to damage from guests.  Hotel insurance typically includes contents coverage for this, protecting anything from the bedding to the telephone and TV in the room, items that are seemingly constantly being upgraded to increase patronage.  Hotel insurance contents coverage also protects from other hazards, including damage and loss from other perils such as fire or storm damage.  To protect the viability of the hotel, many hotel insurance policies also include business interruption coverage, ensuring the hotel does not go bankrupt while recovering from insured events.  Other losses that can be covered by hotel insurance include theft by employees, an unfortunate reality that must be faced in the workplace, and equipment failure, which protects from losses incurred due to the breakdown of business equipment, such as computers.

For liability coverage, hotel insurance needs to be more serviceable since the third party guests are what keeps the hotel a viable business and requires a veritable army of employees to keep the hotel running smoothly.  Included in hotel insurance are both public and employers liability, protecting the hotel owners from the costs of an injury to guests or employees while on the hotel property.  Fighting claims can also be a significant expense, so hotel insurance also can cover legal expenses while defending the hotel from liability claims.

Insurance is a necessary business tool to protect from loss and help preserve a business’s viability.  For hotels, customized hotel insurance can be the savior of the property when unfortunate events strike.

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Specialized Hotel Insurance 4.25/5 (85.00%) 4 votes

Hotel chains have reputations attached to them based on the name of the particular franchise.  To qualify to use the name of a particular hotel chain name as a franchise, the hotel company expects certain standards to be maintained to preserve the integrity of the brand name.  These reputations permeate the public consciousness as well.  Comprehensive hotel insurance can help protect hotels from unexpected events involving the hotel, its employees, and its patrons and their property.

Hotel insurance is generally a combination of several basic insurance policies, including a contents policy, business interruption policy, and both public and employers’ liability policies.  A comprehensive hotel insurance policy saves hotel owners the need to shop around for multiple policies and possibly pay multiple providers multiple premiums that will almost certainly cost more than a bulk hotel insurance policy.

These different coverages are important to make hotel insurance a complete policy.  Contents insurance protects the contents within the hotel from loss or damage.  With hotels pushing more and better features to attract guests, contents coverage protects anything from the new flat screen TVs in the rooms to the towels and the sheets that sometimes disappear after a guest checks out.  Guests’ property coverage also covers the possessions of guests staying on the property from loss or damage, ensuring the hotel is not on the line for paying for replacements.  In addition, franchised hotels are required to hold excess liability insurance.

Business interruption insurance protects the hotel in case of lost business due to loss of facilities from an accident.  It covers the loss of profits while the property is being repaired due to insured events like a fire, flood, or other catastrophe.  Liability for both the public and employers’ covers accidental injury while on the hotel property.  Public liability protects the hotel and its owners from accidental injury claims from a third party, while employers’ liability protects the hotel from employee injuries while on the hotel property.  Hotel insurance also frequently covers other legal expenses such as the cost of barristers and witnesses and opponents’ costs if the case is judged in their favor.

Other hotel insurance policy options include theft by employee coverage, customer inconvenience remuneration expenses, delivery and service errors and omissions, and lost key coverage.

 

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Commercial Insurance for Small Businesses 5.00/5 (100.00%) 3 votes

Small businesses are important parts of any economy.  They have the flexibility and the service to meet changing demands and the ability to go the extra mile like big box stores do not.  Specialized commercial insurance for small businesses has the same flexibility and adaptability that small businesses give to their own customers.

Commercial insurance for small businesses gives small businesses the protection they need without many of the features needed only by small businesses.  Commercial insurance for small businesses is a big business insurance policy in a small package.

Businesses Covered:

  • BOP & Small Business
  • Commercial Auto
  • General Liability
  • Umrella / Excess Liability
  • Builders Risk
  • Property & Inland Marine
  • Work Comp
  • Farm & Ag
  • Bonds
  • And Many More

If you do not see your type of business listed, call to see if commercial insurance for small businesses can be written for your business.

 

Commercial insurance for small businesses provides important protection for important businesses at a more affordable price.  To find the best commercial insurance for small businesses, an independent insurance agent, such as a representative from Boardwalk Insurance Group, can do the work of shopping around to find the best commercial insurance for small businesses available.

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Special Boardwalk Insurance Programs for Hotels, Dry Cleaners, Tattoo Parlors and More 3.75/5 (75.00%) 4 votes

Specialty businesses generally require specialty insurance to best protect the business and its assets.  With varying insurance policies for hotels, dry cleaners, tattoo parlors, and other businesses, Boardwalk Insurance Group has the flexibility to fit your needs.

Business insurance cannot be generalized to fit every business.  Each type of business has its own needs and potential liabilities, and requires a special insurance policy to best protect it.

Boardwalk’s current Programs include:

•     Hotels/Motels

•     Coin Laundries

•     Dry Cleaners

•     Religious Institutions

•     Pawnshops

•     Convenience Stores

•     Assisted Living Facilites

•     Tattoo Parlors

On each of these Programs – Boardwalk provides:

•     24-48 hour turnaround on most quotes with an effective date within the next 30 days.

•     Expertise on the above program classes of business

•     Competitive Pricing

•     Broad coverage designed specifically for that industry.

•     Industry specific contact lists at your request.

•     Program Flyers for a Mailing Campaign.

•     Product Guides for specific industries.

•     Industry Specific Applications

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Hello to Alabama Residents and Business Owners. Your Insurance Agent Has Arrived! 4.00/5 (80.00%) 3 votes

To all residents and business owners in the great state of Alabama, Boardwalk Insurance Group is proud to announce that we are now licensed in your state in order to serve you with better insurance products and services.  Our agency is licensed in over 25 states and we’ve been helping people all across the country not only save money on their insurance needs, but we’ve also provided them with better coverages to adequately protect them from financial loss.

We’ve seen a growing interest from your state in the recent months so management made the decision to take the leap to get licensed in Alabama for both personal lines and commercial property and casualty insurance products.

So if you are looking for auto insurance, home insurance, rental property insurance, commercial general liability insurance, commercial property insurance or virtually any other kind of insurance product for business owners, we are you go-to insurance agency.

We specialize in many products through our large network of insurance companies and brokers.  If your rates have recently increased or you are having a tough time getting the coverages your business requires, contact us and let us show you the Boardwalk difference.  Our agents and customer service representatives are friendly and knowledgeable and we use state-of-the-art technology to shop for your coverage quote and manage you as a client.

So, thanks in advance to the great residents of Alabama.  We hope to become a leading provider of insurance in your state in the coming months and years.

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Hotel or Motel Insurance Quotes Through Some of the Best and Cheapest Insurance Companies 5.00/5 (100.00%) 2 votes

Do you own or operate a hotel or motel? If so, it’s critical that you have hotel insurance coverage in place at all times.

Not only is it a requirement of your mortgage company, but hotels and motels are susceptible to a myriad of insurance claims on their commercial property insurance policy to their general liability insurance policy.  Some even experience claims which are high enough to reach their hotel umbrella insurance policy.

The cost of this insurance has been on the rise over the last 5 years due to the number of commercial property claims hotels and motels have been reporting.  We are seeing enormous losses from tornados, hurricanes and other wind and hail storms.  This has cause reinsurance companies to raise their rates which is passed down to insurance companies, then you, the insured.

However, there is hope!  Specialty insurance agencies, like Boardwalk Insurance Group, have access to unique programs which have helped clients save thousands on their insurance coverage.  Their typical hotel and motel insurance package includes the following types of policies (can be purchased separately or all together):

  • Commercial Property insurance (for your buildings and business personal property/contents)
  • Commercial General Liability insurance (for claims from third parties)
  • Commercial Umbrella insurance (for liability claims which exceed your commercial general liability coverage)
  • Worker’s Compensation aka Work Comp or Workman’s Comp
  • EPLI (Employment Practices Liability)
  • Commercial Auto aka Business Auto (for hotel shuttle vans, etc.)
  • Boiler & Machinery

Here are some common claims that occur at hotels and motels all around the US:

•    A guest stumbles down a stairwell and suffers a broken leg
•    A mirror falls from the wall and causes a laceration on a guest
•    A guests alleges that due to lack of proper security, their personal belongings have been stolen

Here are the standard coverages and features available with Boardwalk Insurance Group, with more available as the need arises:
•    General Liability with limits up to $1,000,000 occurrence/$2,000,000 aggregate
•    Commercial Excess General liability or Umbrella limits available up to $15,000,000
•    Hired and Non-owned Auto Liability
•    No General Liability deductible
•    Expanded definition of Bodily Injury to include Sickness or Disease caused by Mental Anguish or Emotional Distress
•    No inspection fees charged

•    Discounts available for:
1.    Risks built within the last 20 years
2.    National franchises
3.    Risks with inside room access only with changeable card entry
4.    For risks with swimming pools, if there is a lifeguard at all times when the pool is open

5. Multiple properties

Broad Eligibility To Include:
•    Up to 500 rooms per location with no cap on annual receipts
•    New Ventures
•    Risks with up to 2 swimming pools without diving boards or slides and with proper life safety controls
•    Risks with other commercial occupancies
•    Risks with restaurants on the premises (bars and/or major entertainment are ineligible)
•    Risks with fitness centers on the premises

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