IPOAUSA to Expand New Hotel Program with Additional Products, Enhancements

Last month niche wholesaler IPOAUSA announced its exclusive new Hotel Insurance Program with Lloyd’s for limited and full-service hotels, which was launched April 1. Now, IPOAUSA is already in the process of enhancing the program with additional features to its product offerings, which will be available within the next two months.

As mentioned in last month’s blog, the program includes Property, Liability, Data Breach, Employment Practices, and Umbrella coverage lines. The program is available in all states on a non-admitted basis. Limits are available up to $20 million per location, and the target is for hotels built after 1987. There are no minimum premiums and a limited number of agency appointments for the program.

The coverage lines to be available soon include:

UMBRELLA

Coverage will be available from Torus for $5 million and $10 million limits and rated based on the number of rooms. The minimum premium is $1,500.00.

EPLI

Employment Practices Liability coverage will be available for wage and hour lawsuits, which is a huge issue in the hospitality sector. In addition, there will be a sublimit for defense and investigation as a result of INS action – especially critical for businesses operating in the border states, such as Florida, Texas, California, and Arizona – and for industries that rely on less skilled workers, thus facing a potentially greater incidence of immigration-related issues in their employment practices.

DATA BREACH

Through an exclusive arrangement with Beazley, a specialist insurer, IPOAUSA will make available Beazley Breach Response to limited service hotels, which is normally only available to large resorts. This coverage includes breach notification and credit monitoring services with separate coverage limits for third party claims; breach response coverage for forensic and legal assistance, and notification costs; bureau credit monitoring services; crisis management sublimit for public relations and extraordinary notification expense;  a separate limit of liability for privacy, network security and media claims; and more. There is a $100,00 PCI restriction.

IPOAUSA is focused on bringing products to its niche agents that address the challenges that certain industries and the companies that operate within these industries face. The hospitality industry is but just one example of how IPOAUSA is teaming up with the best in the industry to deliver protection solutions for your clients. For more information about the IPOAUSA’s new Hotel Program, contact Stefan Burkey at 877.653.IPOA (4762).