Hotel & Tour Operators

At Sprezzatura Insurance we believe that according to traditional insurance practices, the level of exposures and risks for hotel and tour operators are as follows:

Level of Risk Per-Line of Business: Low, Medium & High.

• Automobile Liability: Higher than usual if hotel provides guest transportation services.
• General Liability: Premises & Operations: Higher for conventions and trade shows.
• Product Liability & Completed Operations: Low
• Professional Liability: Low
• Workers Compensation: Higher for chain & high end resorts.
• Crime: Medium, level of risk when Innkeepers Liability is included.
• Fire/Property: Higher due to the amount of property value & high level of space which high end resort hold.
• Business Interruption: High level of risk due to the possible seasonal variations.
• Inland Marine: Medium.

Links related to the Hotel Industry:

• www.chrie.org – Council on Hotel Restaurant, and Institutional Education (CHRIE.)
• www.ahla.com – American Hotel and Lodging Association (AHLA.)

Based on ISO, AM Best, and others; Recommended class codes for Hotel & Tour Operators Insurance are:

Standard Industrial Classification Manual (SIC) Codes and Classifications

• 4725 - Tour Operators
• 4729 - Arrangement Of Passenger Transportation, Not Elsewhere Classifie