Types of Hospitality Insurance for Winter Park Businesses
Winter Park is a prime tourist destination because of its proximity to the major attractions in Orlando, Florida. Hundreds of thousands of tourists flock to this area every year. Your hospitality business – whether it is a hotel, restaurant, theme park, or other – is a big part of this industry. If you own a hospitality business, you need the right hospitality insurance in Winter Park that takes your location-specific needs into account. Here is a quick look at some of the coverages we can provide.
General Liability
General liability is a broad type of insurance that protects you if a guest suffers some sort of accident or injury during their stay with you. It covers:
- Personal injury claims
- Property damage
- Reputation claims
- Advertising injury claims
- Cost of defending against these claims
It is important to note that an advertising injury portion of a liability plan might not cover false advertising. For this, you will need false advertising injury coverage.
Business Property Insurance
Business property insurance covers equipment like furniture, computers, landscaping and other inventory or property owned by the hotel. Since hotels traditionally contain furniture for every room as well as electronics like televisions and air conditioners, this is a very important part of hospitality insurance in Winter Park. Plumbing issues and water leaks are relatively common. This insurance ensures that you are protected in this case.
Workers' Compensation
Florida is one of the states that require workers' compensation insurance. Since the hospitality and hotel industry requires a wide variety of activities such as lifting, bending, cleaning, and standing for extended periods, your employees could suffer from injuries related to this work. Keeping your employees safe and healthy is an important part of owning a business. This insurance provides the necessary compensation required by the state of Florida.
Business Interruption Insurance
Business interruptions can and do happen. This is a particularly important part of hospitality insurance in Winter Park, Florida, because of the inclement weather that this area experiences. Hurricanes, severe storms, and intense heat are all part of the Florida climate. Each of these can easily cause a major interruption where you cannot continue normal operations. This coverage gives you protection when you must close your hotel completely.
Umbrella Insurance
Umbrella insurance picks up where other coverages leave off. An umbrella policy provides additional coverage in case you are underinsured in one area or another. Although it is impossible to tell how much you need, one of our representatives will work with you to determine how much and what type of this coverage you need.
Hurricane and Flood Coverage
When looking at hospitality insurance in Winter Park, you need to be aware that many standard policies do not cover hurricane and flood damage. Since Florida is subject to hurricanes and floods, it is extremely important to purchase these coverages. Not only can we help you be prepared for these conditions, but we can also provide you with the insurance you need to be protected should you experience them.
Other Important Hospitality Insurance Coverages
Additional hospitality insurance coverages are sometimes necessary depending on what type of amenities you offer. A pool is a Florida staple, and many hotels also have restaurants. In each of these cases, you may need coverage specific to the amenity in question.
You might also want to consider cybersecurity. As a hotel, you deal with credit card and other personal information. With the ever-increasing threat of cyber-attacks, you need the added protection to keep your guests' information safe.
Contact a Winter Park hospitality insurance specialist today!