In NJ workers compensation rates are statutory. That means the NJ workers compensation boards sets the rates and all carriers have to use that same rate. The only way for carriers to compete is to offer premium discounts, apply credits or offer dividends. These are usually reserved to larger employers with large premiums. At MHO Insurance we have access to a workers compensation program that offers the smaller hotel/motel employer these same opportunities to offer more competitive premiums depending on your loss history and MOD factor. Give us the opportunity to quote your next renewal.
Liability coverage has become increasingly more expensive and in some cases are offering a lot of exclusions in their policy. Most notable are bed bug exclusions, assault and battery exclusion, Sex trafficking exclusion. You must be very careful when purchasing this line of coverage. At MHO we review all our policies with our insureds to make sure they understand exactly what is covered. We offer this coverage included in a package or a stand-alone policy. Give us an opportunity on your next renewal.
Over the last few years we have seen a tremendous increase in excess umbrella premiums. Particularly for the independent exterior corridor type properties. The reason is that most of the Risk Purchasing Groups that used to offer $5,000,000 umbrellas for very small premiums have gone out of business due to extreme losses in the class. You want to have a broker that knows the current markets and can offer the most competitive premiums. Give us an opportunity on your renewal.
Property insurance is on the rise. Reinsurance rates have increased this year forcing insurance companies to raise rates. Even more so for properties that are located in high hazard areas such as coastal towns. MHO Insurance offers property coverage included in a package with liability or a stand-alone policy. Give us an opportunity on your next renewal.
Smaller independent operators overlook this very important coverage. Even if you have a small staff. It only takes one claim and you could be looking at six figure legal bills. These policies protect you against claims from employees of sexual harassment, discrimination, wrongful termination and wage and hour. At MHO Insurance we have the products to cover you at competitive prices. Give us an opportunity on your next renewal.
Over the last ten years Cyber Liability has become a more necessary coverage to carry. Most hotel franchisors require it. At MHO Insurance we have the carriers that can offer Cyber coverage for your property. Give us an opportunity on your next renewal.
MHO Group Health benefits
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