What is Hotel Insurance?
Hotels offer guests a wide array of services, and each service that a hotel offers exposes the business to certain risks. These include property, liability and other risks. Hotel insurance helps protect hotels in Massachusetts from many of the risks they face.
Hotel insurance is a form of commercial insurance that’s designed to meet the risk mitigation needs of hotel businesses. Most policies are underwritten as package policies, coming with multiple individual coverages, and businesses can often adjust the coverages in their policy to suit their specific situation.
What Businesses in Massachusetts Need a Hotel Policy?
Generally speaking, the vast majority of hotel businesses in Massachusetts can benefit from the protections provided by hotel policies. Almost every hotel has substantial risk exposure, and this is normally the best type of insurance for these businesses.
Some other businesses, such as motels, inns, lodges, and bed and breakfasts, have many insurance needs that are similar to those of hotels. These businesses should speak with an insurance agent who specializes in hotel policies to see whether this is the right insurance for them. Sometimes these businesses can adapt a hotel policy to their needs, but other times a slightly different insurance policy is necessary. A specialized agent will have the expertise necessary to make a determination regarding policy type.