Tennessee Hotel Owners
What if disaster strikes..
The worst time to find that your current policy will not cover certain damages is after a disaster.
For many Hotel owners, the word “insurance” means property and liability coverage - the products contained in a standard commercial or business owners policy. If there’s a fire or someone trips and breaks their leg on the premises, your Hotel is covered. Many Hotel Owners stop there. But what if disaster strikes? How do you prevent this from happening to you?
Buying Insurance is a critical part of being in business for a Hotel Company, big or small. However, it’s often either overlooked or given short shrift. Sure some insurance companies can save you money, but then when a disaster or expensive claim arises, the insurance you thought would cover you, leaves YOU hurting. When trying to save money Hotel Owners can leave their business vulnerable to huge payouts for something as mundane as a clerical error or something as cataclysmic as heavy flooding. No one wants to think of the things that befall our business, but they happen.
Options to consider:
- Business Interruption Insurance: Helps businesses pay expenses when it can not operate due to a covered disaster such as fire, tornado, theft, etc.
- Employment Practices Liability Insurance (ELPI): This is coverage for such worker-related issues such as sexual harassment, discrimination, wrongful discipline or termination and failure to employ or promote.
- Umbrella Coverage: This important coverage goes over and above all other standard policy limits and provides you with the additional protection you may need.
King & Associates Insurance, LLC
Deciding what coverages your Hotel may need can be tricky- that's why it is important to have a specialized insurance agent on your side. At King & Associates Insurance, LLC you can rest assured in our combined 142+ years of experience in the Hotel insurance industry. Fill out the Hotel Owners quote form or contact 615-329-8121 to speak to one of our agents today!