How to Minimize Hotel Management Risks
The hotel industry allows owners and managers to show off their style and hospitality to guests who welcome some time away from the everyday grind. But there are also some risks associated with the hotel industry. Preventing accidents is imperative to maintaining a profitable and well-loved hotel.
The types of risks faced by the hotel industry include guest issues and data privacy. To minimize risk, hotel management should to put together a comprehensive risk management plan starting with hotel insurance. Some types of hotel management insurance include coverages such as:
- Unemployment, disability and workers’ compensation insurance to cover employees
- Medical benefits for employees
- Property insurance for your buildings and grounds
- Liability insurance
- General coverage for guests and other clients who visit the hotel
- There are different types of liability insurance that are specific to hotels, such as data breach insurance, premises pollution liability, foodborne illness liability, liquor liability and employment practices liability insurance.
To set up a risk management plan for your hotel, contact your insurance carrier’s loss control department. The department can assist you in setting up the perfect plan for your hotel. If you have any questions about risk management, give us a call. We can discuss your current hotel insurance policy to see if you have all the coverage you need.
