CBIZ Innkeepers Insurance Program 

In most cases you want to insure your inn for the amount it would cost to rebuild. The rebuild value is usually higher than the resale value. Most commercial insurance policies contain a coinsurance clause and if you underinsure, you will be subject to a coinsurance penalty at the time of loss.

The coinsurance clause in standard commercial insurance policies requires that you insure a specific percentage of the rebuild value of the buildings. You will be a "co-insurer" along with the insurance company.

Your contents limit should be based on what it would cost to replace all of your contents.

You'll need to calculate this by answering these questions, perhaps with the help of your accountant:

• What is your net income (profit) and total operating expenses for the last 12 months and the estimated next 12 months following the policy’s inception?
• In a worst case scenario, how long would you be out of business following a covered loss?
• Amount of Extra Expenses needed to maintain operations or to reduce the period of shut down.
• Consider availability of materials, labor, climate, weather conditions, etc.

We developed the first insurance policy for inns, bed & breakfasts, resorts and boutique hotels. We understand your needs and our knowledgeable staff focuses solely on your industry.

Our policy is underwritten by Philadelphia Insurance Companies, an A.M. Best Rated A++ carrier. The A.M. Best rating signifies that Philadelphia has an excellent ability to meet its ongoing insurance obligations, including paying claims. A.M. Best ratings are recognized worldwide as the benchmark for assessing insurers’ financial strength.

No, the CBIZ Innkeepers Insurance Program is a comprehensive policy designed for innkeepers.

Yes. Our policy is tailored to provide both personal and business protection if the Inn is your sole and primary residence.

Yes, in most instances. The policy includes commercial liability coverage for amenities and many other activities.

If you sell or serve liquor, you will need liquor liability insurance. You may also need a liquor license. Please note that Host Liquor does not cover you. Host Liquor coverage only insures an occasional “party” situation hosted by the business.