Schaumburg, Ill.-based commercial property/casualty insurer announced the launch of a new coverage endorsement aimed at combining coverages for limited-service, full-service and resort companies in the hospitality and leisure industries.
In a statement, Zurich said the new offering bundles a number of coverages typically available by separate endorsement into a single package. The package combines coverages most commonly requested by companies in the sector such as building ordinance coverage, with those Zurich believes are most important to the leisure and hospitality industries.
Among the coverages offered under the endorsement are: building ordinance; guests’ property; loss or damage to guests’ autos and other property of guests in their autos; lost master key/key-card coverage; customer inconvenience remuneration expense; expediting expense; food contamination; spoilage; fire extinguisher systems expense; merchandise withdrawal expense; services and delivery errors and omissions.
The endorsement is currently available in 45 states.
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