How long has it been since your business re-evaluated its insurance plan? If the answer is longer than six months, it’s a good idea to get your coverage reviewed. If you’re just starting out, then you basically have two options. You can go with hospitality insurance programs that fold everything you need into a single, tailored coverage package, something that takes care of all of your business insurance needs. The other option is to shop for a few specialty providers that cover areas like employment insurance, liability coverage, and E&O insurance.

Which Coverage does Umbrella work Better?

This isn’t an easy question to answer, because different companies have different needs. The key is to find the insurer who really understands your business, whether it’s lodgings, venues, and nightlife, or another key niche in the hospitality industry. An all in one package will be easier to maintain and update, but you might find that you get more detailed coverage out of specialists in each major area of insurance you need to purchase. The key is to find the companies that really know that insurance, especially in areas like liability where your industry has unique needs. You can tell because sites like the one for RMS Hospitality Group make clear exactly what kinds of hospitality coverage they can help you out with.