What types of insurance do hospitality businesses typically need?

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  • #69264
    paulwatkins929
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    I am researching my grandmother and want to know what types of insurance are in the hospitality business.

    #69265
    dans36934
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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.

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