Small Countryside Guesthouses to large city hotels
From 2-3 rooms to 250+ rooms
Policies catered to the size of your hotel
Business Interruption
Help recoup any loss income as your business has been unable to operate
Cover for Hotel Facilities
Rooms, Restaurants, Bar, Gym, Spa Facilities, Events & Activities
Business in the hotel industry can be precarious. Local events for out-of-towners, currency fluctuations, inclement weather, the health of the economy and the affordability of travel all influence hotel occupancy rates. Despite everything you do, a certain degree of fickleness remains.
Hotels businesses face a challenging, inconsistent industry. An adequate insurance policy can minimise no gap that may be in cover and to give you peace of mind for the unexpected.
What’s included in hotel insurance policies?
The hotel industry is diverse. Hotels can have just a few rooms or they can have hundreds. Accordingly, hotel insurance policies are usually composite, consisting of core levels of cover:
- Buildings insures property such as the hotel, annexes, small outside buildings, walls, gates and fences, and pays towards rebuilding expenses.
- Contents helps covers towards items within hotels such as furniture, furnishings, equipment, stock and machinery in the event of loss or damage.
- Business interruption helps recoup any loss of business income due to damage covered under your contents or buildings cover.
- Business liability can include employers’ liability (required if you have employees), public liability (insures against liability for third-party injury or damage), products liability (covers costs associated with injury due to faulty products your hotel distributes, such as shampoo) and guests’ property liability (including motor vehicles in hotel garages or car parks which are securely locked overnight).
- Legal expenses helps pay towards the costs associated with defending or pursuing certain legal actions such as contract disputes, employment disputes or criminal prosecution defence.
Additional Cover
Many of these optional covers are specific to the industry but provides an extra layer of protection for risks they face. This list is only a small sampling of the available optional covers:
- Cost of obtaining alternative accommodation for guests
- Guests’ and customers’ personal effects and valuables
- Full theft
- Loss of attraction
- Environmental liability
- Notifiable disease cover
- Subsidence
- Computer breakdown
- Equipment breakdown
- Employee theft
- Contractors’ all risks
- Terrorism
Bespoke is Best – Speak with our experienced insurance team today
Hotels come in all shapes and sizes; the industry has a tremendous range. A prefabricated, one-size-fits-all hotel policy will more than likely leave gaps in your cover which can leave risks exposed. A tailored insurance policy can be constructed to meet the needs and requirements of the specific risks of your business.
Deva Risk Group are a team of highly knowledgeable and experienced insurance specialists, who pride themselves on delivering a first-class service whilst finding a policy designed to meet your needs.
