Insurance
What kind of insurances?
The total [costs] seem to be fixed at € 50,012 which is 3.29% of the total fixed costs. This number also includes the interest cots of the hotel.
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 for mentioned insurance the hotel has.
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