What is one type of insurance you should consider having if you own your own business and why answer text? Business owner’s insurance. A comprehensive business owner’s policy protects against economic losses caused by damage to the owner’s property and by legal liability to others for bodily injury and property …

What is the first step an insured must take to file a successful claim? This is a process that we recommend following for a successful claims experience. Step 1: File a police report, Step 2: Document the damage, Step 3: Contact your insurance company, Step 4: Make temporary repairs, Step …

What are the factors that may risk the operation of the hotel? Overall, some of the main risks of running a hotel involve slips, trips, and falls; property damage; and food spoilage. Slips, trips, and falls are a risk both for hotel staff and guests. Property damage tends to happen …

What are the 3 main types of insurance coverage? The most common types of insurance coverage include auto insurance, life insurance and homeowners insurance. Insurance coverage helps consumers recover financially from unexpected events, such as car accidents or the loss of an income-producing adult supporting a family. Understanding the Different …

Why is it important for a business to have insurance? Businesses need business insurance because it helps cover the costs associated with property damage and liability claims. Without business insurance, business owners may have to pay out-of-pocket for costly damages and legal claims against their company. Why Hotel Insurance is …

What benefits do hotel managers get? That’s why many hotels offer excellent benefits and competitive healthcare packages and salaries. Hotel managers may also be provided with generous sick leave, maternity leave, vacation pay, discounted travel rates, and more. Maximizing Your Hotel Insurance Benefits: Tips for Hotel Owners and Managers Owning …