insurance question

In My Humble Opinion
1

Hope this is the right place for it, as I’m in need of some advice!

I have a client who’s setting up a web site that does classified ad sales for hotel oweners. People that own hotels or motels and are looking to sell them can go to the site, fill out a form, and post an ad. People wanting to buy a hotel or motel can go, search for whatever criteria, and see what’s available. Seems pretty basic. He’s looking into insurance options and has asked if I can ask around for recommendations on this.

Any ideas on what sort of policy/coverage he’d need? I’m guessing some sort of non-liability that his company to be held harmless in case a property isn’t as represented, and that he’ll do his very best to keep everyone’s data safe sort of thing.

Heck, I’m sure by this point, you can see why I need to ask for help!

So – recommendations on the type of coverage? Anyone else doing something similar?

Thanks!

2

See http://www.acehosts.com/arti17.shtml about disclaimers.

I’d also check with an insurance company and perhaps a lawyer.

3

A commercial insurance broker is what you need. It’ll cost nothing to find out what’s involved. If you don’t know where to look for one, ask any business owner you know.

4

It’s hard to know what to tell you (says the former Commercial Insurance Broker), talk to a BROKER that deals with specialty lines companies. An Agent deals specifically with one company, but a Broker deals with many.

If you’re in Canada, ING Western Union would cover a risk like that. He’d need a CGL at the very least, along with property coverages.

5

thanks everyone! will pass the info along and see what we can find.