Whether running a large hotel or a small bed-and-breakfast, hotel insurance is essential protection for proprietors of these types of businesses in Texas.

Choosing the right hotel business insurance can be a bit tricky, as no two of these establishments are the same.

To ensure proper coverage, business owners should contact a hotel insurance agency and read over this helpful summary of these policies, and how they work.

Hotel Insurance Is Customized Commercial Insurance

Hotels and other lodging facilities are all businesses that require hotel insurance, which is a form of commercial insurance.

As it works with all other businesses, commercial policies like hotel business insurance protect the business against risks such as liability and property damage.

The main difference between the policies sold by a hotel insurance agency and basic commercial insurance policies is in how different each lodging facility may be from others when considering amenities, activities, and other details.

With offerings such as swimming pools, fitness centers, conference rooms, event facilities, restaurants, spas, airport shuttles, and many other amenities and services along with lodging, each establishment needs a policy that is designed to cover the specific risks involved.

What Hotel Business Insurance Policies Do Hotel Owners Need?

Depending on the activities and amenities offered by a facility, hoteliers should invest in any of the following hotel insurance policies that apply to their establishment:

Commercial General Liability Insurance - Every hotel, regardless of size or type, requires this liability policy to form the base of its custom hotel business insurance policy to protect against the risks of bodily injury and property damage occurring to guests and third parties on the premises.
Commercial Property Insurance - As costly as hotel and lodging buildings can be, another essential policy is commercial property coverage, which protects the physical structure against damage due to natural disasters, fires, floods, and other named perils.
Worker’s Compensation Insurance - Any hotel that has employees should also carry this policy to protect them, as well as the business, should an employee become injured on the job.
Commercial Auto Insurance - Facilities that offer shuttle service or have company vehicles for other uses should include a carefully written commercial auto policy in their insurance portfolio.
Garagekeeper’s/Non-Owned Vehicle Coverage - Specifically for establishments that offer valet service, this policy protects the business while employees are handling and driving vehicles owned by other people.
Equipment Breakdown Coverage - An often overlooked but very important policy, this one protects hotel businesses when important and expensive equipment like HVAC, communication systems, walk-in freezers, security systems, and others break down.
Cyber Liability Protection - A newer policy offered by hotel insurance agencies, cyber liability insurance protects the business financially should a cyber attack or security breach occur and expose the sensitive data of customers and others.
Liquor Liability Coverage - Though the restaurant and/or bar at a hotel will have its own insurance and liquor license, any establishment serving liquor or making it available should carry liquor liability coverage to protect itself against any potential damages related to the sale or serving of alcohol on the property.

Texas Hotel Businesses Need A Comprehensive Hotel Insurance Policy

Hotel insurance is required by any Texas business that offers lodging and associated services to guests.

To adequately protect these establishments, hoteliers should seek a hotel business insurance policy that offers coverage for all risks associated with the different amenities and services being offered.

Discuss the risks and get an economical, all-inclusive policy by contacting a hotel insurance agency with a thorough understanding of these types of policies and what additional coverage should be included.