Property
–coverage written on a guaranteed replacement cost
basis in order to make sure the hotel can be returned
to its original splendor. Access to quality carriers that
can layer a program in order to properly insure the total
value of the property. Loss of income insurance that reimburses
the hotel for loss of income that may occur as a result
of a covered loss.
General
Liability–coverage based on the number
of guest rooms, not the annual revenues, so as not to
penalize luxury hotels that have a higher room rate. In
addition, the various amenities such as pools, tennis
courts, restaurants and bars can also be insured.
Workers
Compensation–coverage underwritten by carriers
that specialize in hospitality business and can also provide
loss control services and pricing options that are unique
to the hotel industry.
Other
coverages offered through NTIS for Historic Hotels are
Inland Marine, Equipment breakdown, Employee dishonesty,
Auto umbrella, and D&O
