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Insurance Programs of America

Insurance Programs of America (IPOA) is a leading developer of innovative programs, offering our insurance agency partners specialized coverage for niche property classes in emerging markets and growth industries.

8 Million Potential Risks for the Hospitality Industry

Stefan Burkey Stefan Burkey , 10/8/2014
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Hotels are high risk businesses that need ample protection to reduce financial hardships or bankruptcy. According to the World Tourist Organization, a five star hotel should employ a minimum of two employees for every available room. The average five star hotel has around 250 rooms and employs about 500 individuals. As of 2012, more than 52,000 hotels and motels were operating in the United States with a total of five million guestrooms and an occupancy of 61.4%. This means over three million occupied rooms every day. If you assume that each employee and each occupied room is a potential risk, there are over 8 million potential risks every day for the hotel industry.

It is extremely important for your clients to be adequately protected by a company that specializes in their industry, and Insurance Programs of America knows hotels. Our exclusive hotel insurance program, HOTELPro, is available nationwide and offers agents a program designed for limited and full service hotels, including resorts, spas, and golf course properties. We will entertain all construction types, interior and exterior hotels, and capacities up to 50 million.

Please visit our Exclusive Hotel Insurance Program storefront on CompleteMarkets for more information, or call us directly at 407-260-8200. We look forward to serving you and protecting your clients.