Business Insurance for a Lodging Establishment

Commercial Auto Insurance

If the business will use a vehicle, then that vehicle must be covered by commercial auto insurance. Personal auto policies generally do not cover losses caused when a passenger vehicle is used for commercial purposes. This will be necessary insurance if vehicles are used in the business.
Other Insurance
Lodging businesses are only profitable while operating with guests. If there is a substantial disruption of your business, such as a fire, remember property insurance will only replace the property - not the lost income. The lodging business owner should consider business interruption insurance. Lodging businesses are increasingly computer dependent, consider specific network risk coverage.
Finally, it cannot be stressed enough that certain natural disasters, such as floods and earthquakes require separate endorsements or separate policies and are not covered by most property policies. So it may be that the old line, "location, location, location," as the most important factor in the value of a property applies to its insurance as well.

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