Hotels and motels need property protection in the event of a storm, flooding, landlord disputes, equipment/system breakdowns, or damages due to theft or unfortunate accidents, to name a few. Weather-related power outages, blizzards, ice storms, and other intense weather events can not only damage property but also interrupt business. Since hotels and motels rely on a physical location, any damage from accidents, bad weather, or other common occurrences can incur major losses if customers cancel or business operations are compromised. So, it’s a good idea for these businesses to prepare for intense weather and catastrophic events, even though they occur rarely.
Why Hotels and Motels Need Tailored Property Insurance
Hotels and motels face a unique set of risks that standard property insurance often doesn’t fully address. From unexpected weather events and flooding to equipment failures, theft, or guest-related incidents, these properties are exposed to a wide range of potential disruptions. A tailored insurance policy ensures that coverage aligns with the specific operational needs and vulnerabilities of hospitality businesses. Whether it’s protecting against business interruption, structural damage, or liability claims, customized insurance provides peace of mind and financial resilience—especially during peak seasons or unforeseen emergencies.
SWG Offers Specialized Coverage for Hotels and Motels
SWG’s Commercial Property insurance is designed to cover hard-to-place property accounts. We can accommodate most realty-type risks, from stand-alone rentals and vacant dwellings, to large commercial risks, with an in-house capacity of up to $8,500,000.
Coverage Highlights:
- Broad Form or Named Perils
- ACV or Replacement Cost
Other Coverages Include:
- Business Interruption
- Flood, Earthquake, Sewer Backup
- Crime – including Employee Dishonesty & Broad Form Money & Securities
- Mechanical Breakdown
- Cyber
- Legal Expense
- Innkeeper’s Liability
Extension packages are available for building bylaws, fine art, exterior building glass, building damage by theft, system breakdown coverage, and more.
Hotels and motels operate in an environment where unexpected events can lead to significant financial losses. A tailored property insurance policy is not just a safeguard; it’s a strategic investment that ensures business continuity and peace of mind. With specialized coverage options like those offered by SWG, hospitality businesses can protect their assets, minimize risks, and stay resilient in the face of uncertainty.
*Insurance coverage availability may differ between provinces.
**Content is current as of the date of broadcast and is subject to change without notice.
