What is Hotel Insurance?
Hotels are exposed to a wide range of risks by the nature of what they do, and it’s important to protect the sizeable investments that are poured into a hotel from those risks whenever possible. For hotels in Massachusetts, purchasing hotel insurance often plays an integral role in protecting against many of the risks that come with this industry.
Hotel insurance is specialized commercial insurance for hotels and similar businesses. Since these businesses face many different risks, policies are usually underwritten as package policies that bundle several coverages together. In most cases, hotels can choose the precise combination of coverages that are included in their policy.
What Businesses in Massachusetts is Motel Insurance For?
Most Massachusetts hotels and motels can benefit from having motel insurance in place. Businesses shouldn’t get hung up on whether the insurance is referred to as “hotel” or “motel” insurance, for the two are essentially interchangeable because the different businesses often have nearly identical insurance needs.
Other businesses that offer lodging might have similar insurance needs, but not quite as similar as hotels and motels. Bed and breakfasts, multi-site short-term rental operators and glamping companies all face slightly different risks that sometimes necessitate a slightly different policy, for example.
An insurance agent who specializes in motel insurance can help lodging businesses decide whether this or another insurance option best meets their needs.
