Hotels are usually an establishment that provides guests with a place to stay. Most hotel rooms usually come with an en-suite bathroom. They have a designated eating area for breakfast and dinner, and there is usually a receptionist to help at any time if needed with 24-hour service.
Guest Houses are different from Bed & Breakfasts. Guest Houses are usually a full-time business however, do not have a 24-hour receptionist like hotels. Guest Houses are VAT registered, unlike most Bed & Breakfasts. Guest Houses usually have less than 15 bedrooms available, compared to hotels which have considerably more.
Do I need Hotel Insurance?
Every hotel is totally different, some might have a handful of rooms and others may have over 200. The design of the hotel, layout, food and any other services they offer all affect the level of risk and therefore the level of insurance policy coverage will be different. Hotel Insurance packages are designed to accommodate all of these risks.
What does a Hotel Insurance policy cover?
Depending on the level of cover you take out, our premiums mainly focus on the key areas which are stated below. However this is not the case for all covers, therefore it is important you understand which cover you are taking out:
Contents Insurance
It is crucial to have contents insurance for your business, the hotel consists mainly upon the items it has in the building. Therefore it is important you look after possessions by keeping them insured. In case of a fire or an accident, your contents will be insured depending on the policy you have in place with us.
Personal Money
Loss of money in transit, in the premises during business hours and in any bank night safe, covered up to a certain amount within your policy.
Personal Injury (Robbery)
In the event of a robbery which a personal injury occurs when the customers family will be covered for the damage up to the set price.
Business Interruption (Standard Cover)
If the business is interrupted by a loss insured under the building or contents sections, this section will pay for the loss of accommodation charges and increase in the cost of working, during the indemnity period.
Book Debts
Cover for outstanding debts that you are unable to trace following damage covered under the buildings or contents section.
Loss of Licence
If the licence is taken away from you for a reason which you cannot control, then you will be insured for most of the damages occurred to the business, depending on the premium you take out.
Public Liability
Your legal liability to third parties for accidental damage to their property, arising from the business (including products or services supplied), occurring anywhere in the territorial limits.
Employer’s Liability
Your legal liability to employees for accidental injury or disease (including damages, claimants’ costs and expenses) arising from the business is insured, up to the limit of indemnity.
