For industries in the automotive and hospitality sectors, the need for specialized insurance programs is paramount to safeguard businesses against unforeseen risks. Two such noteworthy insurance programs - Resortguard and Automobile Service Center Insurance, have emerged to cater to the unique needs of their respective sectors.
These programs go beyond traditional insurance offerings, providing comprehensive coverage to ensure the smooth operation of resorts and automobile service centers.
Resortguard Insurance Program
Resortguard is a specialized insurance program tailored for the hospitality sector, particularly resorts and hotels. This program recognizes the diverse challenges faced by these establishments and offers a comprehensive suite of coverage to address their specific needs.
Key Features of Resortguard
Property Protection
Resort properties are valuable assets, and Resortguard ensures protection against physical damage, theft, or other unforeseen events. This includes coverage for buildings, contents, and business interruption in the event of a covered loss.
Liability Coverage
Resorts often host a variety of activities, events, and amenities. Resortguard includes liability coverage, safeguarding against potential lawsuits arising from accidents, injuries, or damages that may occur on the premises.
Cyber Liability Insurance
With the increasing reliance on technology, Resortguard recognizes the importance of cybersecurity. The program provides coverage for data breaches, ensuring that resorts can recover from the financial impact of a cyber-attack.
Specialized Endorsements
Depending on the unique features of a resort, additional endorsements can be added to the policy. These may include coverage for golf courses, spas, and other specialized amenities.
Automobile Service Center Insurance Program
The Automobile Service Center Insurance Program is designed specifically for businesses in the automotive repair and service industry. It addresses the distinctive risks associated with operating service centers, ensuring that these establishments are adequately protected.
Key Features of Automobile Service Center Insurance
Garage Liability Insurance
Service centers face liability risks related to the operation of vehicles on and off their premises.
This coverage protects against bodily injury or property damage arising from garage operations.
Garagekeepers Insurance
This coverage protects customer vehicles while they are in the care, custody, and control of the service center. It includes protection against damages caused by fire, theft, vandalism, or other covered perils.
Equipment Breakdown Coverage
Service centers rely heavily on specialized equipment for their operations. This coverage ensures that the financial impact of equipment breakdowns is mitigated, covering repair or replacement costs.
Business Interruption Insurance
In the event of a covered loss, this coverage helps service centers recover lost income and continue operations during the restoration period.