Hotel Insurance.
As a Hotel Owner, you understand how quickly things can change and the liability involved in running such an organization. Insurance for Hotels has been designed to safeguard hospitality businesses from any unexpected claims related to third-party injury or property damage.
What is hotel insurance?
As a Hotel Owner, you have enough on your plate without having to worry about insurance – yet it's one of the most essential investments for hospitality businesses.
The hotel industry in Canada is diverse, with a range of accommodation options including luxury hotels, mid-range hotels, economy hotels, and boutique hotels, as well as vacation rentals and bed and breakfast accommodations.
No matter what kind of establishment you run, a tailored policy not only provides specific protections from third-party claims and mishandled client information amongst other risks - but can also effectively mitigate costly financial implications should something unexpected occur.
Securing such peace of mind needn't break the bank either; enlisting an experienced broker can ensure that you find coverage at just the right price point for your business needs.
Why choose Summit?
We help Canadian Business Owners craft the perfect insurance policy for their business.
Our team takes pride in our relentless responsiveness. When you need us, we're here.
We compare rates and coverages across leading insurance companies to ensure you get the best value on your premium.
We craft the perfect insurance policy for your business so you can rest easy knowing you're covered.
Your dedicated account manager is there for you as your business grows ensuring your insurance policy grows with you
Commercial General Liability FAQs
Business Insurance can be complicated. We're here to help.
Hotel Insurance is a type of policy that protects hospitality businesses in claims scenarios related to injury or property damage to third parties, cybersecurity threats to client information, alleged breach of duty by directors and officers etc.
There are many different types of businesses operating in the hospitality sector that would fit into this category:
Airbnb rentals
Hotels
Motels
Bed & Breakfasts
Inns
Resorts
If you want to work with a commercial insurance brokerage that puts people first and values transparency, sustainability, ownership, and impact, then Summit is the right choice for your business insurance needs.
At Summit, we craft innovative insurance solutions that are custom tailored to your business, giving you the confidence you need to succeed. Our team is dedicated to building trust and creating value through open and honest communication. We are in it for the long haul and strive to make a positive impact in everything we do.
So if you want a business insurance partner that shares your values and is committed to helping you succeed, consider working with Summit.
Hotel insurance can provide protection for a variety of risks that hotels face, including property damage, liability, and business interruption. Specific coverage options that may be included in a hotel insurance policy can include:
Commercial Property Insurance: This covers damage to the hotel's physical property, such as the building, furniture, and equipment. It can also cover losses due to theft or vandalism.
General Liability Insurance: This covers claims made against the hotel for accidents or injuries that occur on the hotel's property or as a result of its operations. This can include medical expenses, legal fees, and other damages incurred as a result of the accident.
Business Interruption: This covers lost income and extra expenses incurred if the hotel is forced to close due to an insured event, such as a natural disaster or vandalism.
Liquor liability insurance: This covers claims made against the hotel for injuries or damages resulting from the sale or service of alcohol Many establishments have on site bars and lounges and this is a very important coverage.
Cyber Insurance: This covers losses due to data breaches or other cyber attacks, including the cost of notification and credit monitoring services for affected customers. As a hotel you keep a lot of customer data on file, cyber insurance can mitigate the risk of that data being breached.
Hotel Insurance should never be sold solely on price. You are protecting your most important asset. Our mission is to find you the perfect coverage but also find the best priced policy with that coverage.
The exact cost for your insurance policy varies according to factors such as:
Industry
Risk Exposure
Years of Experience
Location
Number of Employees
Revenue
Claims History