Even the best business owners sometimes face challenges. If you’re an insurance agent or broker representing companies in the hospitality industry, you know that an injury to a guest at a hotel, an accident at a casino, or any other mishap can set your client up as the target of an expensive liability lawsuit. Your job is to help them protect their assets by finding comprehensive coverage that reduces their exposure.
With over 30 years of underwriting experience, Prime Insurance Company understands the unique liability risks the hospitality industry faces. Our experts can provide your clients with a wide range of solutions to manage and stay ahead of any risks that could affect their business. And when it’s time to file a claim, Prime Insurance Company will be a trusted partner, providing aggressive legal defense and covering any damages awarded up to the policy limit.
Many traditional insurance policies restrict certain aspects of liability coverage that professionals should have in place. Standard policies have exclusions and limitations that leave policyholders without coverage. Prime can step in and fill the void for your client in these situations.
Hospitality encompasses a wide range of industries. Prime can provide a custom hospitality insurance plan for proprietors of hotels, casinos, and travel and tourism agencies as well as restauranteurs or bar operators who own one or several establishments. We also serve operators of various indoor or outdoor recreational facilities like golf courses, movie theaters, and amusement parks.
Depending on the policyholder’s unique needs and circumstances, a casino, hotel, or restaurant insurance plan may cover one or more of the following liability exposures:
At Prime, we don’t believe that cookie-cutter restaurant or hotel insurance policies serve the best interests of every policyholder. We can offer an all-in-one policy that protects against the most urgent risks. You and your client can also select the coverage types and limits that make sense for their situation. Knowing they have protection against the liability issues that are most likely to impact their business will allow policyholders to sleep better at night.
Has an adverse claims history caused your client’s insurance provider to cancel or non-renew a policy? Are you having trouble finding new hospitality insurance for them elsewhere? At Prime, we specialize in these types of risks. As an excess and surplus lines entity, we can offer a host of creative solutions that are beyond the scope of our competitors. When another insurer says no, we can often say yes.
It’s crucial that any insurance partner can deliver when times get tough. Prime is a financially strong company you can trust. AM Best, a leading credit rating agency serving the insurance industry since 1899, has given us a rating of “A” (Excellent). We have the resources to pay a claim and related legal and defense costs up to the limits of the policy if necessary. You can choose us for your clients’ liability insurance needs with complete confidence.
Prime has also earned a Financial Stability Rating® of A” (A Double Prime), Unsurpassed, from Demotech, Inc. The most current Financial Stability Rating® must be verified by visiting www.demotech.com.
We’ve made getting hospitality insurance from Prime a smooth, seamless process. Start by completing and submitting our straightforward online application. We’ll then contact you to set up a convenient phone call to discuss the risk in more detail. Once we’ve received all the information we need, we’ll issue a quote as quickly as possible.
Learn more about how a custom hospitality insurance plan from Prime Insurance company can protect your clients from a costly liability lawsuit. Contact us today at 1-800-257-5590 or firstname.lastname@example.org.