Hospitality Insurance in Charlotte NC
Insurance for hotels, restaurants, Etc.
The hospitality industry has specialized insurance needs that requires knowledge and experience from an insurance agent that knows your business. We represent many A+ rated companies with specialized programs designed for hotel insurance and restaurant insurance specifically. We can quote your North Carolina hotel or restaurant insurance using your current policy information and give you a side by side comparison that will show you potential savings.
Hotel InsuranceHotel Insurance Quote
Generally, hotel insurance combines several different types of insurance that are necessary to provide proper coverage for this very specialized business. By getting comparison quotes from Piedmont Insurance, you will be certain that your business, your employees, and your guests will be protected against certain losses which might occur at your hotel or motel.
Hotel Insurance may include:
- Property (Building)– This covers the full replacement cost of the hotel itself.
- Guests’ Property – This covers the possessions of guests staying at a hotel or motel.
- Contents – This insures the contents of the hotel against loss or damage.
- Business Income – This insures against the loss of profits which may be incurred due to a loss.
- Liability – This coverage protects against claims made by third parties as the result of accidental injury on the hotel or motel grounds.
- Work Comp – This insurance covers an employer’s liability which may result from injuries to employees while at work.
- Umbrella – Excess liability – Required for Franchised Hotels and Motels.
- Theft by Employees – This protects the hotel or motel in the event of a theft by an employee.
Restaurant InsuranceRestaurant Insurance Quote
Restaurant Insurance can protect you and your business for a myriad of problems, from broken equipment to liability lawsuits. For business based in North Carolina, you will need certain types of insurance for your restaurant. You will also need to carry certain types of insurance to satisfy your bank loans and mortgage. The most common types of restaurant insurance available include: • Property Insurance– – Protects your property in case of fire or other events. If you have any kind of mortgage on your business and/or equipment, you may be required to carry this coverage. Even if not required, it is always recommended to keep replacement cost insurance on your restaurant. In most cases, your built-in features (such as walk-in freezers, stoves, grills, etc) can be written as part of the building or “restaurant equipment” which saves you money compared to insuring everything as “contents”. • General Liability – This policy protects you in the event someone slips and falls in your restaurant, gets sick after eating there (whether it was your fault or not). This is a must have in today’s sometime sue-happy world. • Liquor Liability – Liquor Liability is a “must have” for businesses with a liquor license. It helps protect you if a customer has too much to drink and drives and hurts themselves or someone else. • Workers Compensation – Protects you if an employee is hurt at work. Most states require that all employers carry some type of workers comp. • Business Income – If you lose sales through a specific cause, this type of policy can recoup some or all of the income until you are back up and running. • Spoilage Coverage – If you lose power, because of fallen power lines or a storm, and the entire contents of your walk-in and freezer spoil, this coverage would pay to replace the food. We have seen amazingly low rates recently for restaurant and hotel insurance policies and even customers with recent claims have seen significant rate reductions. Let us shop the market for you and find the best rates possible for your business. If you are part of an association or management group that represents multiple locations or businesses, we can combine coverage on custom built master policies to accommodate all locations and save money across the board. We can write hotel and restaurant insurance for Franchise and Non-Franchise businesses. Policies are available nationwide for businesses or associations with their primary location or headquarters in NC, SC, TN, or VA.