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Why You Need Your Motel To Be Insured?

A hotel and a motel have many differences but the two major ones are services they provide and construction. A hotel typically has numerous employees, who serve a different purpose in the establishmen...

A hotel and a motel have many differences but the two major ones are services they provide and construction. A hotel typically has numerous employees, who serve a different purpose in the establishment like housekeeping, kitchen staff, room service, and concierge etc. whereas Motels work with comparatively smaller number of employees namely the receptionist and housekeeping. In most motels, there is just one person carrying out different jobs at the motel. Hotels also consist of multiple floors and rooms; they offer a bar or lounge (sometimes with live entertainment), beauty or barber shops, full-service restaurant laundry, car services, etc. But motels provide services as basic as a room to sleep in and a restroom. 

Now if you are a business owner in the hospitality industry you must be au fait with the competitive nature of it. To sustain your business in the long run you not only have to innovate, you also have to stay ahead of the curve and be prepared for the unthinkable, unexpected situations. To keep your affairs in order and protected from circumstances that aren’t ideal, you must buy motel insurance.  

Motel owners must have their bases covered for any potential situation that arises, because they can be held liable for anything that happens in their premises, on their property. Specifically in California, to protect your business from any financial distress or bankruptcy due to a suit filed and ruled against your property, or equipment failure, accidents, etc. you must have a motel insurance California. For example, if an accident in your premises causes a guest monetary loss or a physical/mental injury, they can file a suit against you, which is why you certainly must take measures to safeguard your business and to safeguard your business, you must safeguard your assets too. 

There are some basic coverage types for motels but you can also customize your policy as per your needs, assets, and risks involved. Below are certain coverage types you must consider with reasons to justify them. 

  • General property insurance – Motels consist of décor, carpets, furnishings, electronics, and other things which could be destroyed, stolen, temporarily dysfunctional due to theft, vandalism, extreme weather conditions or other reasons. General property insurance for helps you cover costs and offers you with the necessary compensation.
  • Equipment breakdown insurance- Equipment failure can lead to crippling your business or bringing it to a short-term standstill, especially if you do not have the equipment breakdown insurance. For example, if the microwave in your motel stops working or if the heater stops working, it will affect customer experience and lead to cancellation of bookings.  provide funds for repairing faulty equipment and for making up the lost income due to the failure. Equipment breakdown insurance ensures that you have the necessarily funds to make the repairs or replace the equipment.
  • Business interruption insurance- If the functioning of the motel comes to a temporary rest due to unforeseen circumstances, business interruption insurance compensates you enough for you to be able to pay salaries and expenses. 
  • Accidental damage- It covers all sorts of damage to the motel or contents that are not insured under any disaster. For instance, damage from a fire will be covered under the standard insurance, you are insured for damage to your building or its content, but you would not be eligible for any coverage amount if you accidently break the pipe while hanging a picture. Such damages are covered under accident insurance.
  • Utility interruption insurance- A utility failure could cause your business to lose moneyScience Articles, and that is when the insurance compensates you for the losses incurred. 

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Hi I am Ema White.



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