Hotel Insurance Costs in Las Vegas: What Owners Should Budget For
- Nate Jones, CPCU, ARM, CLCS, AU
- Oct 20
- 2 min read
Running a hotel in Las Vegas means managing high guest turnover, luxury amenities, and constant operational demands. But one thing that often gets overlooked is hotel insurance—a critical safeguard for your property and business.
How Much Does Hotel Insurance Cost in Las Vegas?
On average, hotel owners in Las Vegas can expect to pay between $5,000 and $15,000 annually for comprehensive insurance coverage. Monthly premiums typically range from $400 to $1,250, depending on:
Property size and value
Number of rooms and amenities
Location and proximity to high-traffic areas
Claims history and risk profile
Hotels with pools, bars, valet services, or event spaces may require additional liability coverage, which can increase costs.
What Coverage Should Hotel Owners Budget For?
A standard hotel insurance policy in Las Vegas should include:
Commercial Property Insurance: Protects the building, furniture, and equipment.
General Liability Insurance: Covers guest injuries and third-party claims.
Business Interruption Insurance: Replaces lost income during closures.
Workers’ Compensation: Required for employee injuries.
Liquor Liability: Essential for hotels serving alcohol.
Cyber Liability: Protects against data breaches and digital threats.
Budgeting Tips for Hotel Owners
Bundle Policies: Combining multiple coverages can reduce overall premiums.
Invest in Safety: Fire suppression systems, surveillance, and staff training can lower risk and insurance costs.
Review Annually: Reassess your coverage needs each year to avoid overpaying.
Work with Specialists: Partnering with an experienced insurer like Wexford Insurance ensures tailored coverage and competitive pricing.
Why Wexford Insurance?
Wexford Insurance is a leading provider of commercial property insurance for hotels and motels in Las Vegas and beyond. We understand the hospitality industry’s unique risks and offer customized solutions for:
Boutique hotels
Luxury resorts
Budget motels
Mixed-use buildings with lodging
Our team helps hotel owners navigate coverage options, reduce risk, and stay compliant.
Final Thoughts
Hotel insurance isn’t just a regulatory requirement—it’s a strategic investment in your property’s future. By understanding the cost factors and working with a trusted provider like Wexford Insurance, Las Vegas hotel owners can budget wisely and protect their business from unexpected losses. Contact now!
FAQs
Q1: What’s the most important insurance coverage for hotels in Las Vegas?
Commercial property and general liability insurance are essential, but business interruption and cyber liability are increasingly important.
Q2: Can I reduce my hotel insurance premium?
Yes. Bundling policies, improving safety measures, and maintaining a clean claims history can help lower costs.
Q3: Does hotel insurance cover guest injuries?
Yes. General liability insurance typically covers injuries to guests and third-party claims.
