Suitelife for Hotels, offered by Venture Insurance Programs, is a comprehensive insurance solution tailored for boutique and premier hotels. Designed to meet the complex needs of upscale hospitality operations, this program offers all-lines coverage, including Property, General Liability, Umbrella, Auto, Crime, Inland Marine, and Cyber. Additionally, mono-line Workers’ Compensation is available for general hotel properties and hotel management companies, providing agents with flexible placement options for a broad range of hospitality clients.
Ideal Accounts and Appetite
The Suitelife program is best suited for larger hospitality risks, including independent boutique hotels and high-end premier properties. These accounts typically feature unique design elements, upscale amenities, and a strong focus on guest experience. Whether your client operates a standalone luxury hotel or a portfolio of boutique properties, this program is designed to accommodate their specialized exposures.
Examples of ideal accounts include:
- A 75-room boutique hotel in an urban center featuring a rooftop bar and spa
- A luxury inn located in a resort destination with fine dining and event space
Hotel management companies and general hospitality risks may also qualify for mono-line Workers’ Compensation coverage, expanding your placement opportunities for clients with specific needs.
Coverage Highlights and Advantages
Key features of the Suitelife program include:
- All-lines package coverage available for boutique and premier hotels
- Standalone Workers’ Compensation offered to general hotel operations and management firms
- Coverage tailored to hospitality-specific exposures such as liquor liability, guest property, and business interruption
- Access to top-tier carriers through Venture Insurance Programs
This program is ideal for agents seeking a market that understands the unique risks faced by upscale hotels—including liability from special events, luxury amenities, and high guest turnover.
Underwriting Notes and Minimum Premiums
While specific minimum premium requirements may vary by account and coverage line, accounts should generally meet size and operational standards consistent with upscale or boutique hospitality properties. Underwriting is handled by experienced professionals who understand the nuances of the hospitality sector and can help tailor coverage accordingly.
Territories and Availability
This program is available in all 50 states plus Washington, D.C., giving you the ability to place business nationwide. Whether your hotel client is located in a major metro market like New York or Los Angeles, or in a resort area in Colorado or Florida, Suitelife provides broad geographic flexibility.
Why Work With Venture Insurance Programs?
Venture Insurance Programs is a Managing General Agency with deep expertise in industry-specific insurance solutions. Their focused underwriting, strong carrier partnerships, and commitment to service make them an ideal partner for sourcing hospitality coverage. When you work with Venture, you gain access to a specialized team that understands the hotel industry’s operational and liability risks—and how to insure them effectively.
Frequently Asked Questions
What types of accounts are a good fit for the Suitelife program?
This program is ideal for boutique and premier hotels, as well as hotel management companies and general hospitality risks seeking Workers’ Compensation coverage.
Can I write mono-line Workers’ Compensation through this program?
Yes, mono-line Workers’ Compensation is available for general hotel properties and management companies, even if other lines are not placed through the program.
Is this program available in my state?
Suitelife is available in all 50 states and Washington, D.C., allowing you to place hospitality risks nationwide.
Do properties need to meet certain size or revenue requirements?
While there is flexibility, the program generally targets larger or upscale hospitality operations that meet certain underwriting standards.
Who underwrites the policies offered through Suitelife?
Venture Insurance Programs manages the program and works with top-rated carriers, providing expert underwriting tailored to hospitality risks.
Need help placing an account? Connect with a market specialist.