Commercial Lines

Like all hotels, boutique hotels need multiple insurance coverages, but they may also need additional coverages such as property insurance for refurbished historic properties.

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.

“Don’t just provide hotel owners a quote on insurance. They aren’t risk experts,” says independent agent Mike Barnum. “Help them identify their largest exposures and what can be done to minimize them outside of insurance.”

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.

Independent agent Donny Chartier does not write any hotel/motel policies without employment practices liability insurance for two reasons: sexual harassment and age discrimination. “Right now, it’s the most important coverage a hotel owner can have,” he s

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.