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The liability portion of the policy is written on the most comprehensive form available. Unless the loss is specifically excluded, it is covered. There are no "gray" areas in the policy, if the loss does not appear in the exclusions, then there is coverage. Some of the liability features include:
Who Has Coverage:
Your business, your guests, you and all your resident relatives (whether on
the premises or not and acting in a business capacity or a personal capacity).
Coverage Amounts
$1,000,000 Each Occurrence
$1,000,000 Personal Liability
$1,000,000 Liquor Liability
$1,000,000 Personal and Advertising Injury
$ 100,000 Fire Damage
$2,000,000 General Aggregate
$2,000,000 Products & Completed Operations Aggregate
$1,000,000 Non-Owned Automobile
Occurrence
The sum of any one loss which will be paid for liability resulting from your
premises, operations and products.
Personal Liability
Coverage for all named insureds and their relatives who reside in an insured
premise.
Liquor Liability
Coverage in
the event you are found legally liable in a lawsuit relating to alcohol consumed
and/or purchased at your Inn. This coverage is a must even if you are only
serving complimentary alcohol.
Personal and Advertising
Injury
Coverage to protect you from losses arising from invasion of privacy, defamation
of character, wrongful detainment, libel, slander, and the like.
Fire Damage
This coverage is only used in a landlord/tenant situation. If you are a tenant
in a building and cause a fire, you would have $100,000 to repair the damaged
portion of the building which you occupy. If the value of the portion of the
building you occupy is greater than $100,000, you should increase this limit.
Once this limit is exhausted, your occurrence limit will then be used.
General Aggregate
The sum of all
losses which will be paid in a policy period. Please note - the aggregate
limits apply separately to each insured location.
Products and Completed
Operations
Coverage designed
to protect you from losses that develop after the guest has checked-out.
Non-Owned
Non-owned coverage protects the company if one of your
employees has an accident in his or her own vehicle while on company business.
Duty to Defend
The Insurance Company will defend for you any suit seeking damages and will
pay those sums that you become legally obligated to pay as long as damages
are caused by a covered occurrence in accordance with the terms of the policy.
Other Notes
Employees Hired As Innkeepers/Managers:
If the employee lives on your premises, they must obtain their own renters
policy in order to have personal liability coverage and property coverage.
Pools/Ponds
Liability coverage is extended to include pools and ponds.
Caution: The occurrence limit contained within the Commercial General Liability portion of your policy applies per loss, not per person. If a guest falls down the stairs and you have a $1,000,000 occurrence limit, you have $1,000,000 available for your guest's injury (one loss). If you have a fire in your Inn and 12 people are injured, with a $1,000,000 occurrence limit on your policy, you only have $1,000,000 which applies collectively to all 12 people: $1,000,000 per loss not $1,000,000 per person. To increase your aggregate and occurrence limits you can purchase an Excess Liability policy.
