Hotel groups save big with liability insurance secrets
Hotel groups typically invest in several types of liability insurance:
- General Liability Insurance: This covers third-party bodily injury and property damage claims. It's essential for hotels as it protects against incidents that occur on their premises.
- Professional Liability Insurance: Also known as errors and omissions insurance, this protects against claims of negligence or inadequate work.
- Cyber Liability Insurance: With increasing digital transactions, hotels are vulnerable to data breaches. Cyber liability insurance covers the costs associated with data breaches and cyberattacks.