WHAT IS HOSPITALITY INSURANCE/ RESTAURANT INSURANCE?
Hospitality Insurance and Restaurant Insurance can cover everything from five star hotels, motels to mom and pop diners. In today’s world, hospitality businesses can be held liable for anything, even events that occur off-site or are remotely connected to the establishment.
Whether you are a fine dining restaurant or a small roadside lodge, you must be prepared for anything. Food Spoilage, Liquor Liability, and Business Income are some of the unique coverages you need to consider. Make sure your business has the right hospitality insurance or restaurant insurance to keep your business serving all of us.
WHEN DO I NEED LIQUOR LIABILITY INSURANCE?The simple answer is: if you have a liquor license, then you need Liquor Liability Coverage. A liability claim can arise from an intoxicated person, whether inside the establishment or after they leave the bar, get into their car, and are involved in an accident. Though your house rules may include not serving alcohol to over intoxicated patrons, in the event of a claim, it becomes the patron’s word against yours. Often times, your regular hospitality insurance will not cover this type of loss. It is important to protect yourself from the financial losses of a claim. This can be accomplished with a liquor liability policy. A Liquor Liability policy can help recover the legal costs, court fees, and any civil or criminal damages awarded.
WILL MY HOSPITALITY INSURANCE POLICY BE CUSTOMIZED FOR MY BUSINESS?
We understand each bed and breakfast, hotel and restaurant are faced with unique needs, particular to their business. We work with insurance carriers who understand there are always changes in the hospitality industry. With the ever-changing market, we want you to take advantage of the complete product offerings available to you. With access to equipment breakdown, crime protection, property and much more, we can deliver you a peace of mind. To suit your needs, we can offer you a comprehensive hospitality insurance package tailored to your business.
You can start simplifying you life by contacting Specialty Market Managers now.