Hospitality entities face a broad array of risks that threaten their profit margins. Injuries arise from numerous areas, including liability from transportation services, pool areas, guest rooms, or work-out facilities.
During the last several years, hospitality companies, like many other industries, have increased the utilization of outsourcing arrangements for items such as procurement services, network-data host sites, and food and beverage in order to pass the on liability. Although, as industry properties continue to expand the number of guest services that are part of their public attraction and amenities, constant re-evaluation of these risks is necessary.
Proper risk-management in the hospitality industry starts with an industry specific plan. Businesses must ensure they are working with a broker who understands risks typically faced in the hospitality industry. In addition, they should have an understanding of their insurer and confirm their broker has expertise in handling the complexity of industry specific insurance programs.
Hospitality Clients Served:
Full Service Hotels/Resorts
Limited Service Hotels/Motels (Franchise and Non-Franchise)
Bed and Breakfasts
HOSPITALITY RELATED COVERAGES:
Crisis Event Expense
Increased Real Estate Tax Assessment Expense
Employment Practices Liability
Reservation Systems Expense
Water Backup Coverage
Services Errors & Omissions
Food Borne Illness/ Trade Name Restoration