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The 7 Deadly Sins of Hotel Insurance
Any ONE Of These Common Errors Could Destroy Your Business
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Mick Cottom, CIC, CWCA
mcottom@rci-insurance.com |
By Mick Cottom,
National Hotel Insurance Expert, Author and Industry Consultant
The saddest words I ever heard: “I never thought this could happen to me.” Tragically, owners have uttered those very words to me – over and over again. Responsible, profitable, serious businesspeople.
One day, they’re running a business. The next day, they’re shaking their head, wondering how they’ll ever pick up the pieces. Suddenly, they’re dreams are gone – and the next thing they know, they’re forced to tell their spouse and family that all their hopes and plans are shattered.
The real tragedy, of course, is that it didn’t have to happen that way. Usually, they made ONE small mistake. Something happened – outside their control – and they didn’t have the proper insurance to take care of it.
Sure, bad things happen to good people. And, with proper knowledge and planning, when they do, insurance is there to pick up the pieces and put everything back in order. In most cases anyway.
So let’s take a quick look at these “7 Deadly Sins” that so many hospitality professionals make. And let’s see what you can do to protect your property.
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The 7 Deadly Sins of Hotel Insurance
