motel insurance tn

4 Reasons Why You Need Motel Insurance in Tennessee

Owning a motel in Tennessee can be a lucrative endeavor, but it can also drain your finances when things go wrong. Here are five reasons why you need motel insurance in TN.

1. Property Coverage

Property damage due to guest misconduct, vandalism, theft and accidents are covered under your insurance policy. Therefore, you do not have worry about the accumulating costs for repairs or chasing after guests who refuse to take responsibility for their actions.

2. Abuse and Molestation

Insurance protects your business from sexual abuse and molestation charges by paying all legal fees and financial obligations. This applies to guests who press charges against employees as well as employees who press charges against coworkers.

3. Cyber Liability

If your network gets hacked, motel insurance covers costs associated with:

  • The spread of computer viruses
  • Access to your customer database
  • Stolen passwords and financial information

Coverage includes compensating victims and replacing or installing new equipment and software to provide additional security.

4. Workers’ Compensation

Workers have the right to file a workers’ compensation claim when they are injured on the job. Your insurance plan provides injured employees with compensation for lost wages, medical treatment and claim fees.

Every business needs insurance to protect its financial assets. Call your provider and ask about options for motel insurance in TN.