Hotel Insurance

Colorado is well-known for its diverse attractions – canyons, deserts, mountains – that constantly draw vacationers from all parts of the world.

On the flip side, The Centennial State ranks fifth among states at high risk of a natural disaster. Devastating natural occurrences such as floods, wildfires, hailstorms, and avalanches have rocked the state over the years, taking a huge toll on lives and property.

If you’re a Colorado hotel owner who can’t wait to welcome your first batch of guests, you may want to ensure your property is covered down to the last detail with hotel insurance.

Keep Your Investment Safe Inside and Out

No two hotels are the same, particularly when it comes to the amenities and facilities offered. As such, each hotel is exposed to its unique risks.

Whether you own a boutique hotel or a condo hotel, hotel insurance takes care of all the tiny details involved in your operation – from your property and its contents to your staff, guests, and service offerings.

A hotel insurance package often includes different types of coverage. Most hotel owners take out the following:

General liability – Shields against personal injury and damage to property claims that occur in your hotel premises
Business property – Covers the building and the assets inside and outside it, e.g., furniture, inventory, equipment, and outdoor landscaping
Workers’ compensation – Mandatory in Colorado, this pays for employee work-related illnesses, injuries, or death
Business interruption/income – When your hotel temporarily closes its doors due to damage caused by fires and other events, this coverage reimburses your financial loss
Flood and wind – Protects you from damage or loss due to flooding and high winds
Data breach – Protects your finances in the event of data loss

There are add-ons you may want to include in your policy like:

Liquor liability – A must-have if your hotel serves alcohol
Guest relocation services – Reimburses the funds spent on relocating guests due to an incident in the hotel
Event cancellation – Pays for financial loss if an event gets canceled
Premises pollution liability – If your guest falls ill due to molds or airborne pollutants, this takes care of their medical bill and the cost of cleanup
Spoilage – Covers the cost of replacing food that gets spoiled due to a power outage
Utility interruption – Applicable to damage or loss of property due to utility breakdowns

Other riders are cyber risk and privacy liability, communicable disease, equipment breakdown maintenance, fidelity and crime, commercial/business auto, and umbrella coverage.

Have Your Policy Tailored With Us

We cover boutique and condo hotels, resorts, premier and full-service hotels, private-label properties, motels, and company-owned or franchise properties. If you are in the market for hotel insurance, we can shop a solid policy for you. Get in touch with us today.