No matter the size and services of your hotel or motel, there are certain risks shared across the industry and covered through hotel motel insurance in Tennessee. These include general liability, business interruption and reservation cancellation. However, there is more your policy can cover to ensure you aren’t left in a bind no matter the situation.
1. Cyber Liability
With electronic records and online booking, you need to ensure the privacy of your guests’ personal and financial information. Hacking is a very real risk for businesses, and you don’t want to be without coverage in the event of a data breach.
2. Management Errors and Omissions
Errors and omissions insurance is often associated with doctors and lawyers, but it’s applicable to all professions. You need to be guarded against management making mistakes due to negligence or failure to fulfill duties.
3. Abuse and Molestation
Another risk is an employee being charged with physical or sexual abuse. This type of accusation can damage your entire business greatly. With the right hotel motel insurance in Tennessee, you can limit the detrimental effects, whether the allegations are true or not.
Know Your Options
Once you are aware of your business needs and risks, research coverage options available through different plans. Find the one that meets your needs best for a tailored and effective policy.