Hotel Insurance Policies
Protect Your Business With Insurance for Hotels
From the loss of sensitive guest information to employee injuries, hotels have to be prepared for the potential financial impact from a wide range of risks.
At biBERK, we provide tailored hotel insurance coverage at savings of up to 20%. Whether you need workers' compensation, general liability, a business owners policy or BOP (sometimes called property & liability insurance), commercial auto, umbrella, or cyber insurance, just complete a simple form online or speak with our licensed insurance experts to get a fast, free quote. Plus, with biBERK, you can purchase a policy, manage it, and report claims online for ultimate convenience.
What is a Hotel Insurance Policy?
Hotel insurance is a set of policies that are important for hospitality companies because of risks to customers, employees, and property. A general hotel liability insurance policy covers guests hurt in accidents where the hotel is legally liable, while workers’ comp covers your employees if they get hurt at work. A business owners policy or BOP (also called property & and liability insurance) covers things like property damage from wind, hail, fire, or theft. If your business systems are breached and guest data is stolen, you could be liable, so we recommend adding data compromise coverage. Plus, you should purchase liquor liability add-on coverage if you serve alcohol to address risks to people and property.
Any Hospitality Provider Needs Business Insurance, Including:
- Bed and breakfasts
- Boutique hotels
- Business-class hotels
- Franchise hotels
- Full-service luxury hotels
- Large hotels with conference facilities
- Vacation resorts
What Does Coverage Cost? Hotel Insurance Costs and Hospitality Insurance Quotes Online.
Your hotel’s business insurance cost is calculated based on a number of factors. These include your location, business size, and claims history. You can get hospitality insurance quotes online for the different policies you need.
Insurance for Hotels and Special Property Coverages
What are the Different Types of Hotel Insurance?
When looking at hotel insurance companies, it’s important to find one that offers a wide variety of options. At biBERK, we offer six different types of hotel insurance for small business owners like you. Depending on the location of your business and other factors, certain types might be better for you than others.
Workers' Compensation Insurance
This insurance helps protect your business if an employee is injured, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury.Workers' Compensationchevron_right
General Liability Insurance
Also known as commercial liability insurance, a general hotel liability insurance policy covers damages and legal costs associated with injury claims by customers and other people you don't employ, damage to other people's property that was caused by your business, and medical costs associated with these incidents. It also covers libel, slander, and copyright infringement. You can also tailor your policy with add-ons like cyber, hired and non-owned auto liability, employment-related practices liability, employee benefits liability, and others.General Liabilitychevron_right
Business Owners Policy
Also called property & liability insurance, a business owners policy (BOP) combines general liability insurance with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage. Plus, there are endorsements you can add to customize your policy, including cyber, hired and non-owned auto liability, employment-related practices liability, employee benefits liability, and equipment breakdown/boiler & machinery.Business Owners Policychevron_right
Commercial Auto Insurance
If your company owns or leases vehicles, including hotel shuttles, this policy protects your business. This type of insurance can provide coverage for your legal fees and the medical costs of others if your employee is at fault in an accident. It can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.Commercial Autochevron_right
This coverage can be purchased as an add-on to a general liability, errors and omissions, or BOP policy. It helps cover costs related to system hacks or data security breaches in which sensitive information has been stolen and fraud has occurred or there is a reasonable expectation that it might occur.Cyber Insurancechevron_right
Every hotel insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection: it can cover costs that exceed the limit of another liability policy, subject to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.Umbrella Insurancechevron_right
Why biBERK for Your Hotel Insurance Policy?
We’re the experts when it comes to business insurance for hotels.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you - up to 20% less than policies with other insurance companies.
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.