Experienced & Professional Hospitality & Hotel Insurance Brokers from LMBF
The hospitality sector is known for just that: its hospitality. Hospitality businesses, whether they’re takeout coffee and donut shops, bed and breakfasts, banquet halls, tourism companies, hotels, or otherwise, face a unique set of risks that comes with a large flow of customers in and out every day. Hospitality and hotel insurance secures your businesses financially against losses that may very well otherwise be devastating to your operations. LMBF can start you with a free hospitality business insurance quote today.
What Hospitality Business Insurance Covers
Commercial General Liability
CGL, or commercial general liability, is the baseline for insurance for many businesses, including those in the hospitality sector. This essential coverage may protect your business against liability claims filed due to claims of bodily injury and property damage by third-party.
Property Insurance
As a hotel or other hospitality business, where would you be without your property and its assets? Commercial property insurance may cover your physical premises for fires, vandalism and theft, as well as other natural disasters.
Interruptions
Business interruption insurance is an optional coverage that may be included with your hospitality insurance package that can cover your business if it is forced to close while restoration and repairs are being done. Covered expenses may include employee payroll, ongoing bills, loss of revenue, etc.
- Equipment breakdown
- Commercial liability
- Commercial property
- Unexpected events
- Undocumented income
- Intentional damages
- Gradual wear and tear
- Criminal activities
What is hospitality insurance?
Hospitality insurance is a standard insurance package designed for hospitality businesses, such as hotels, restaurants, tourism companies, and so on. These businesses perform a vital service but they also take on an enormous amount of risk each day, given the large volume of customers and clients they serve. Hospitality insurance can cover their commercial property, liability, and more based on your business’ unique requirements.
Types of Hospitality Insurance Products
Our Hospitality Business Insurance partners
LMBF understands why your hospitality business means so much to you. Whether you run a tourism company or a hotel, your business has unique needs that need to be understood before you can “pin” any one insurance policy on your company. Thankfully, LMBF has partnered with some of the top hospitality business insurance carriers to ensure that you get the best coverage for whatever it is that you do best. Hotel insurance and hospitality insurance are just a few clicks away with LMBF.
