Most people take vacations, but you make vacations happen. Minibar mishap? Pool horseplay? Kids creating crayon masterpieces on the lobby wall? You’re on the hook for all of it. Luckily, hotel insurance is here to give you a break.
Our independent agents know hotels, motels and bed and breakfasts inside and out. They’ll get you the coverage you need and trim the fluff you don’t. Offering a little R&R is your business, and you deserve some, too. So kick back and enjoy that piña colada. We’ll take it from here.
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What Is Pennsylvania Hotel Insurance?
In short, hotel insurance protects your property, your business, your guests, your guests’ property and your staff. It covers common disasters, like fire and lawsuits, along with less-common ones, like jewelry heists. (Theoretically.) It keeps you from paying massive costs out of pocket.
There is no difference between hotel and motel insurance.
Why Do I Need Pennsylvania Hotel Insurance?
A Mission Impossible-worthy stunt is unlikely, but there are lots of other hotel nightmares to choose from. Here are a few scenarios where hotel insurance can save your bacon:
- Damaged or lost property: Fire, natural disaster and thieves will ruin your stuff AND your customer’s stuff.
- Lawsuits: Unhappy customers can lead to big legal costs.
- Injury or death: If someone gets hurt on your property, this is tragic and self-explanatory.
- Loans: Banks won’t lend you money unless you’re insured.
Philadelphia hotels have extra risk. The Philly metro area has high rates of robberies and vehicle theft compared to other US cities, so you’ll want extra coverage to protect your guests.
What Does Pennsylvania Hotel Insurance Cover?
Hotel insurance covers everything that makes your hotel tick. It’s usually sold as a package that covers your basic needs. You’ll be able to customize it if your hotel has any special features. Here are some typical options:
- Property: This covers your business’s physical assets, from buildings to furnishings. It usually includes coverage for fire, natural disasters and theft. This can be customized to cover the higher costs of replacing the special-order furniture that’s common in hotels.
- General liability: This covers costs if someone is hurt in your hotel.
- Liquor liability: If you offer a hotel bar, this covers costs related to someone getting drunk and hurting themselves or someone else.
- Spoilage: If you have a hotel restaurant or offer continental breakfast, this covers any inventory that spoils in a power outage or similar mishap.
- Workers' compensation: This covers your employees’ expenses if they get injured on the job.
- Garagekeepers: If you have a valet service, this covers any damage to customers’ cars that may result.
- Boiler and machinery (equipment): This covers repair and replacement costs for your equipment (like laundry machines and air conditioners) under a wide variety of circumstances, including power surges and outages.
What About Pennsylvania Bed and Breakfast Insurance?
B&B insurance is a special case. If you only rent out rooms occasionally through services like Airbnb, your homeowners insurance policy may still cover you as long as you notify them. If you’re running a full-time (or most-of-the-time) cozy getaway, however, you’ll need a hotel or B&B insurance policy.
The extra insurance is necessary because your home is exposed to extra wear and tear and risk while it’s being used as a B&B. These policies aren’t difficult to get and are usually pretty affordable—a few hundred to a few thousand dollars a year.
How Much Does Pennsylvania Hotel Insurance Cost?
Hotel insurance costs are based on the size, revenue and property value of your business. Costs could be as low as a couple thousand dollars a year for a 10-room motel. For a luxury hotel chain, they’re likely to be in the hundreds of thousands or millions. (Jewelry heists could be a real risk in that case!)
Pools, exercise rooms, rooftop decks, elevators and other amenities will increase insurance costs slightly. That’s because they add property value and extra risks for your guests and staff. The extra appeal for your customers should easily outweigh the extra cost, though.
The Awesome Benefits of an Independent Agent
Our agents will review your needs and help you evaluate the hotel insurance coverage that makes the most sense. They’ll also compare policies and quotes from multiple insurance companies to make sure you have the right protection in place. So you’ll have that going for you.
Finding Pennsylvania Hotel Insurance Quotes
Our agents will search high and low for the right coverage for your business. Roadside motel? Got it. Quirky bed and breakfast? Ditto. They’ll learn your business inside and out so you can focus on actually running it.