Innkeepers Insurance

Coverage Highlights

 Money and Securities

We’ll pay for loss of money or securities in connection with theft or destruction of money or securities. The limit is $5,000.

 Back Up of Sewers or Drains

If water backs up through a drain or your sump pump overflows, we’ll pay up to $10,000 on a loss resulting from water damage.

 Innkeepers Liability

If you’re legally obligated to pay for a guest’s property that is damaged or suffers a loss, we’ll cover up to $5,000 ($1,000 per individual guest).

Other Features Include…

Accounts Receivable

We offer additional coverage of up to $25,000 for accounts receivable on your premises.

Business Income and Extra Expense

This coverage applies to income you lose while your business is shut down because you’re restoring your property. This coverage also applies to added expenses that are a result of your claim.

Valuable Papers and Records

With this endorsement, lost or damaged research, records, and other information stored the “old-fashioned way,” as valuable paper, can be covered for additional coverage of up to $10,000.

If you own a business, this might be the best time ever to think about the future of your company. You’ve probably been able to cut expenses with employees working from home. Maybe you’ve streamlined your processes because supplies and customers aren’t available the same way they used to be. Some companies report many of their employees are going to be remote permanently. 

There’s a good chance that your business won’t operate the way it did before COVID-19. A changing business environment means your company needs to be responsive and prepared for the unexpected.

Being ready for anything — well, that’s kind of the point of insurance. We offer many different types of policies for small and mid-size businesses as well as what we call add-on coverages. One that’s useful to almost every businessowner is simply called Businessowners Multicoverage. 

It features support for businesses that are growing quickly. There’s expanded coverage for accounts receivable (up to $10,000), employee dishonesty (up to $5,000), valuable papers (an additional $10,000), and water backup (to a maximum of $10,000).

If you’re expanding your business, there’s an additional $5,000 coverage for the increased cost of construction, an additional $100,000 for newly acquired and constructed buildings, and even an additional $2,500 to pay for the cost of recharging your fire extinguishers if needed.

When you have your Hastings Mutual insurance coverage updated and in place, it’s time to think about other tools that will help you build your business. Try a customer management system; even if it’s just a basic spreadsheet, you’ll be able to learn more about who’s buying your products and services.

A simple website or Facebook page will attract visitors, and it’s a great way to collect email addresses. Then you’ll have a mailing list for updates and newsletters — information you can send about your new expanded business to all your customers, wherever they are.