SUITELIFE Underwriting Managers Expands Programs to Include Franchise Hotels
The program offers a property and general liability package through their Franchise Hotel Program.
The program offers a property and general liability package through their Franchise Hotel Program.
As hotels and motels reopen, the industry is set to feel the ramifications from the past years of vacancies and staffing shortages.
As the hard-hit industry emerges from the pandemic, independent agents can provide valuable assistance to ensure their hotel and motel clients secure quality coverage at a fair price.
Hotels and motels have enjoyed stable insurance rates for several years, but thanks to heavy catastrophes and mounting litigation, the tides are starting to turn. Here are five emerging trends to discuss with your hotel/motel clients.
This spring, MGM Resorts informed federal regulators it might pay up to $800 million in liability lawsuit settlements stemming from the 2017 mass shooting in Las Vegas—$751 million of which would be covered by insurance.
Like most commercial lines, hotel/motel insurance kicked off the New Year with predominantly flat rates, and 2017 will likely see much of the same. But there are a few important exceptions. Are you offering these clients the right coverage for their chang
How can you make sure you effectively serve your hotel/motel accounts as they develop new ways to compete? Pay attention to three key coverage issues: pollution exclusions, lender requirements and statements of value.
Young professionals are approaching their career primes, while sharing services like Airbnb make it easier to find a home away from home. In light of these cultural shifts, what do you need to know about your hotel insurance clients?