Hospitality Programs

Owning a hotel is more than just a job – it is your livelihood and your family’s financial future. From making sure that you have enough rooms to accommodating events to ensuring staff shows up for work, the daily activities associated with running a hospitality operation is a lot of work. Moreover, given that hospitality establishments involve intricate networks of professional staff, repair services and guests, the risk exposure can be particularly high. While you invest the time, money and attention to keep your establishment profitable, we will invest the time to ensure that your life’s work is protected from all of the unique risks that you are exposed to. As specialists in hospitality insurance, Meslee insurance recognizes the fact that not all hotels are alike and that each establishment needs particular coverages that other operations may not need. We understand that some operations may have pools, spas & saunas, restaurants, retail operations or exercise rooms and consequentially need specific endorsements for better protection. Over the years, our office has worked with hundreds of owners to design custom crafted policies that contain the coverage they need to shield their investments. Our educated and licensed staff is here to study your particular business and find a policy suited to protecting you. Having access to a diverse selection of programs with a variety of carriers allows us to find the most inclusive yet affordable policies. Don’t leave your most prized investment unprotected with a standard “off the shelf” policy. Let us protect you the way you should be protected.

 

Types of Hospitality operations we commonly work with:

  • Hotels

  • Motels

  • Bed & Breakfast

  • Inns

  • Boutique Hotels

  • Spa Resorts and More!

 

Basic Coverages typically included in a Hospitality Business Owners Policy

 

I: Business Property Insurance:

  • Building Property Coverage: Coverage to help you quickly repair or rebuild damages to the structure of the hotel or other hospitality establishment. (Can be covered at Replacement Cost or Actual Cash Value)

  • Business Personal Property Coverage: Coverage to help you replace the contents in your hospitality establishment such as computers, desks, phones and more. (Can be covered at Replacement Cost or Actual Cash Value)

  • Business Income Coverage: Also known as Business Interruption Coverage, Business Income Coverage will allow you to continue to receive income while your hospitality establishment is being repaired or rebuilt. Not only does it cover costs for payroll and operating expenses but will also help by replacing lost revenue.

  • Outdoor Signs Coverage: Covers costs to replace outdoor signs, plants and shrubs, fences and more.

  • Ordinance or Law Insurance: Ordinance or law insurance covers the costs associated with having to demolish and rebuild to code when your building has been partially destroyed.

 

II: Business Liability Insurance:

  • Premises & Operations Liability: Coverage that protects you from liability for injury or damages arising out of your premises or your business operations. For example, if a customer slips in your lobby and decides to sue you for injuries, premises and operations liability will cover injury and defense costs.

  • Employment Practices Liability: Coverage that protects you from wrongful acts arising from the employment process such as wrongful termination, discrimination and sexual harassment. EPLI coverage is also offered as a standalone policy and more information can be found by visiting the EPLI section of our website.

 

III: Business Crime Insurance:

  • Employee Dishonesty Coverage: Coverage that protects you from situations where your employee or group of employees are stealing inventory or acting dishonestly in various ways.

  • Money & Securities: Coverage that protects you from theft of money or other property stolen from your premise or from an employee performing tasks like going to the bank for a deposit.

  • Money Orders & Counterfeit Paper Currency Coverage: Coverage that protects you should you discover that customers have been using counterfeit currency to purchase your products or services

  • Forgery & Alteration Coverage: Coverage that protects you from outside accountants or bookkeepers that are acting dishonestly. An example of this could be a bookkeeper that is writing themselves checks payable by you!

 

Additional typical Coverages & Endorsements that are included or can be added based on your operation type and needs:

  • Alternative Key Systems – Reprogramming Costs

  • Back-up of Sewer & Drains

  • Building – Tenant Obligation

  • Business Income & Extra Expense – Reservation System

  • Business Income – Tips Included

  • Business Income from dependent properties

  • Computer & Funds Transfer Fraud

  • Utility Services – Direct Damage & Time Elements

  • Contract Penalties

  • Guests’ Evacuation Expense

  • Guests’ Inconvenience Cost Reimbursement

  • Guest Property

  • Antennas & Satellite Dishes

  • Realty Tax – Increased Assessment

  • Unauthorized Business Card Use

  • Wine Collections & Fine Arts Coverage

  • Business Interruption - Food Borne Illness

  • Business Income & Expense Costs for food contamination

  • Services & Delivery Errors & Omissions

  • Increased Building Ordinance or Law coverage

  • Money Orders & Counterfeit Currency

  • Preservation of Property

  • Business Income & Extra Expense Extensions

  • Real Estate Services

  • Abuse & Molestation Liability

  • Auditable Provision

  • Commercial Auto Available

  • And More

 

Other information

  • The coverages listed above are general coverages that you will find on most Hospitality (BOP) Policies. Additional and more specific coverage options are available based on the type of business.

  • Additional Coverages listed may only be available with certain carriers. Please inquire for more information.

  • Please visit our insurance glossary tab for a full list of insurance terms and definitions.

  • There are many discounts available to help reduce your premium. Please visit our learning insurance discounts page to find out more information on how to maximize your savings.

 

This page contains only a general description of coverages and is not a contract. Details of coverage or limits may vary in some states and by carrier. All coverages are subject to the terms, provisions, exclusions, and conditions in the policy itself and in any endorsements.

 


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