Arizona’s sporting events, world-class dining, vibrant downtown culture, and iconic Western landscapes attract leisure visitors worldwide. At the same time, the hospitality industry is experiencing a constriction in market interest driven by employee shortages and rapid inflation. Many insurance companies have fled the hotel/motel space.
Given today’s market pressure, hotels/motels benefit from working with a hotel/motel specialist like Wilson Insurance who has deep market access and can leverage your safety performance to attract competitive markets and drive down insurance costs.
Together we can find solutions to address your insurance coverage and budget requirements
We don’t want you to pay more than you should either. We will steer you towards savings
We have been helping Arizona business owners for almost 40 years. We are your local insurance advocates.
This coverage protects your building, business personal property, stock, and business income from damage from covered losses. Many companies provide additional coverages for direct and indirect damages on policy endorsements.
This is an optional part of property coverage. Should your hotel suffer a covered loss that prohibits you from operating, this coverage will help cover your loss of income, payroll, and ongoing expenses.
If your equipment suffers a covered cause of loss, this coverage pays to replace the equipment. It also pays for a loss of business income and spoilage.
Should your employees commit dishonest acts, this coverage makes you whole.
Should a guest be injured on your property, you could be sued for bodily injury or property damage.
If you have a shuttle or have employees that use their personal vehicles to run work errands, this coverage protects your business if you cause bodily harm or physical damage.
Your workers are your most valuable asset. This coverage protects them if they get injured on the job.
If you have a claim that pierces your GL, commercial auto, workers’ compensation, liquor liability, EPLI, or cyber limits, this coverage provides an extra layer of protection and legal defense to protect your business.
When guests entrust their property for safekeeping to hotel/motel staff, this coverage provides liability insurance should anything happen.
If your hotel/motel has a bar or restaurant, you could be held liable for damages and legal expenses should a patron who was served alcohol get involved in an accident.
Operations that obtain personal or financial information from customers have a data breach and cyber liability exposure. Should your system be compromised, you could be responsible for damages.
You are four times more likely to be sued by your employee than to have your building burn down. You wouldn’t operate your hotel without adequate property insurance. Why would you operate without adequate EPLI limits?
We work with many high-quality companies so we can help you find the coverage that meets your requirements and budget needs.
Yes! There are many ways to bake in policy credits into your policy so you are paying less. By working with an agency with strong insurance carrier relationships, technical underwriting ability, and a determined attitude, we just need one opportunity to show you what we can do.
We recommend a coverage review by one of our producers! We will run building valuations and complete a risk assessment to make sure your values are accurate.
Innkeepers liability, liquor liability, EPLI coverage, and data breach and cyber liability are some specialized coverage your hotel/motel operation could benefit from.
Some common claims are property damage claims, GL premise liability claims, theft, food poisoning, and bed bugs.
Claim history, age and condition of buildings, location, gross sales, total payroll, and services and amenities influence your premium.
It helps to know what factors are contributing to your elevated insurance premiums to begin. That can only happen with a coverage review. Each operation is different. If you are doing everything you possibly can to reduce your risk and you have a good claim history, then it is up to your insurance agent to leverage your selling points and their agency book to drive your cost down. If your agent is a bully or has toxic relationships with their markets, that may contribute to why your insurance premium is higher than necessary.
Our preferred method is contacting Wilson Insurance so we can start our claims advocacy on day one. Claims can be overwhelming and you shouldn’t feel like you have to know everything or do it all yourself. Another option is contacting your carrier directly from the number listed on your policy DEC page or online customer portal.
Your lease agreement should have insurance provisions that articulate each of your responsibilities. It should outline what the minimum limits of insurance are and what the maintenance schedule looks like. You should collect certificates of insurance annually at your tenant’s renewal. Wilson Insurance can help make sure your lease agreement has the proper risk transfer components.
Your lease agreement should have insurance provisions that articulate each of your responsibilities. It should outline what the minimum limits of insurance are. You should collect certificates of insurance annually at your tenant’s renewal. Wilson Insurance can help make sure your lease agreement has the proper risk transfer components.
If your hotel/motel serves liquor and a guest leaves your premises and has an accident, you may be liable if they cause an accident. You may be found to have contributory negligence even if you were the first of five other bars they visited that night. Your policy will provide legal defense and liability limits to protect you.
You are four times more likely to be sued by your employee than to have your building burn down. You won’t think of operating without adequate property insurance. Why would you think of operating without adequate EPLI coverage?