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Hospitality businesses typically need various insurance policies to protect them from potential losses. Some of the most common types of hospitality insurance for businesses include:
General Liability Insurance: This type of insurance covers third-party claims of bodily injury or damage to the business’s property.
Property Insurance: This insurance covers damage or loss to the business’s building, equipment, and inventory.
Workers’ Compensation Insurance: This type of insurance is required by law and covers medical expenses and lost wages for injured employees.
Business Interruption Insurance: This insurance covers the loss of income due to a covered event such as a fire or natural disaster.
Liquor Liability Insurance: This type of insurance covers third-party claims of bodily injury or property damage caused by an intoxicated person served by the business.
Cyber Liability Insurance: This insurance covers loss or damage caused by a data breach or cyber-attack.
Food Contamination Insurance: This type of insurance covers loss or damage caused by food-borne illness or contamination of food.
