Insurance
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What kind of insurances?
The total costs for Insurance & interest seem to be fixed at € 50,012 which is 3.29% of the total fixed costs. This number also includes the interest costs of the hotel.
There is not much more information on this available in the Emerald Forest's administration.
In general, the insurances needed by any hotel, should include:
- Building and Business Personal Property Coverage
- Equipment Breakdown
- Business Income and Extra Expense
- Commercial General Liability
- Worker’s Compensation
- Umbrella Liability
Legal getting more important
Legal issues tend to be more and more important to any company. As for The Emerald Forest Hotel it is somewhat unclear, which of the aforementioned insurances the hotel has.
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