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PLAYBOOK TEMPLATES
Hospitality Hotel Contract
A Hospitality Hotel Contract covers management, operation, or branding arrangements in the hospitality sector. This playbook guides negotiation of performance benchmarks, termination rights, and brand compliance.
Insurance Requirements
Negotiation strategy
Ensure that the Contractor provides proof of insurance before commencing work. Verify that coverage limits meet or exceed the project requirements.
Negotiate for reasonable coverage limits that align with industry standards. Provide timely proof of insurance to avoid project delays.
Essential elements
1
Insurance Types
Mandatory insurance categories.
2
Coverage Limits
Minimum required coverage amounts.
3
Proof of Insurance
Documentation of insurance coverage.
Action framework
ACCEPT
Propose edits if coverage limits are insufficient or do not align with project risks.
EDIT
Reject if insurance requirements are completely absent or non-negotiable.
ADD
Add specific insurance types if project involves unique risks.
PRO TIP
Always verify that insurance policies include a waiver of subrogation to prevent future claims between parties.
Real-world examples
FAVORABLE
Comprehensive Coverage Clause
"Each party shall maintain, at its own expense, the following types of insurance with coverage limits not less than the amounts specified below: Commercial General Liability, Workers' Compensation, Employer's Liability, Automobile Liability, and Umbrella/Excess Liability."
NEUTRAL
Basic Insurance Clause
"Each party shall maintain insurance as required by applicable law."
UNFAVORABLE
Insufficient Coverage Clause
"Each party shall maintain insurance at its discretion."
Alternative scenarios & positions
High-Risk Projects
For projects with higher risk, such as construction, increase coverage limits and include additional types of insurance like Builder's Risk.
International Contracts
Consider local insurance requirements and potential geopolitical risks when drafting insurance clauses for international agreements.
Small-Scale Projects
For smaller projects, negotiate lower coverage limits to reduce costs while still maintaining adequate protection.
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