When is it applicable for me to apply for hospitality insurance? When do I need hospitality insurance?
When entering the hospitality industry, it is necessary to purchase insurance to protect one's personal assets and financial investment in the business. This is the case regardless of the type of business one intends to launch. Because there is such a wide variety of options available for hospitality insurance, it is essential to conduct adequate research to determine the level of protection required for your company. This can be accomplished by determining the appropriate coverage amount. There are numerous sub-categories of hospitality insurance, the most common of which are property damage insurance, liability insurance, worker's compensation insurance, and product liability insurance. Other sub-categories also exist.