Insights for Your Industry is designed to help specific industries protect their property. Articles are written from a policyholder's perspective and include real-life examples intended to improve disaster preparedness.
Insights for Your Industry is provided free of charge as one of the public service offerings of Adjusters International, Inc., disaster recovery consultants. It is provided for general information and is not intended to replace professional insurance, legal or financial advice for specific cases.
It's a fact that disasters happen – and hoteliers know all too well that the nature of their business makes their facilities particularly susceptible to property damage. These editions of Insights for Your Industry are written with an eye toward how your insurance policy's provisions and endorsements will function should disaster strike your hotel and how damage might be prevented or mitigated by sound risk management.
Automatic sprinkler systems are an essential element of fire protection today. If they are properly inspected, tested and maintained, they typically will respond as expected in the event of a fire. However, whether the system is responding to a fire or simply malfunctions and inadvertently discharges water in the absence of a fire, the resulting water damage can be extensive... Read More
Under common law, an innkeeper or hotelier was liable for loss or damage to guest's property for the full value, unless the loss was caused by an act of nature (hurricanes, tornadoes, etc.), civil unrest, or the fault of the guest. Today this general rule still exists, but each state has modified the common law by enacting statutes that limit the hotel's liability, provided the hotel complies with the statutory requirements... Read More
A hotel may be a well managed operation that is consistently profitable and viewed favorably by its guests. Management and prosperity aside, however, things can change in a moment's notice by a property loss that damages the building and causes a full or partial suspension of business... Read More