Fireman's Fund Insurance Company has announced that it is now offering the new Innkeepers' Extension Endorsement. This cover combines 32 options in a single package for small inns.
The endorsement includes options (similar to personal lines policies) that are tailored specifically to innkeepers who live on or own the property. It includes coverage for: medical payments for personal guests of the innkeeper; personal effects of the innkeeper within the residence and outside the inn; loss of use of the residence premises due to a covered loss; and interim innkeepers or designated individuals who take over the inn while the owner/manager is on vacation.
According to the company, assets, income and reputation are a concern to small inns. The innkeepers’ endorsement goes beyond traditional hospitality coverage to provide solutions for nearly every aspect of an inn’s operations, including options for crisis management to protect its reputation, data compromise to protect the security of its sensitive information, and business access to protect its cash flow.
John Braschi, product director for hospitality at Fireman’s Fund, said: Small inns and bed and breakfasts have personal interests as well as those of a hotel. This package of coverages is sized and priced correctly and eliminates the need to go to a specialty market.