Hospitality Business Insurance

Updated: 29 February 2024

What Does Hospitality Business Insurance Mean?

Hospitality business insurance is coverage for establishments such as hotels and restaurants, as well as any other similar type of business that receives guests for paid dining, entertainment and sleeping accommodations. Coverage includes protection against liability and insurance money for loss or damage.

Insuranceopedia Explains Hospitality Business Insurance

The hospitality business faces certain risks due to its constant contact with the public. A restaurant might wrongfully serve poisoned food because of unchecked expired ingredients. A row of hotel rooms might no longer be functional because of structural issues over time or insect infestation. A customer may slip on a wet floor and become injured. Hospitality insurance covers issues like these and therefore provides protection for owners of hospitality establishments. This insurance covers losses of both the business and its customers.

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