Hotel Insurance with Prosura
There’s never a dull moment in the hotel industry.
The services offered in a hotel aim to provide comfort and enjoyment for guests. However, from a business perspective, they present various risks that require insurance coverage.
Our responsibility is to secure the best insurance for your hotel, friction free, so you can focus on providing 5-star Trip Advisor experiences for your guests!
Additionally, we give all our clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
Please contact the specialist brokers at Prosura, we’d be delighted to get your policy in place today.
What is Hotel Insurance?
It is a type of business insurance that protects your property, staff, guests, and income from potential risks.
It’s formed of a number of standard covers with the option to include additional cover depending on the particular needs of your business.
Typically, the standard covers within an insurance policy for hotels are:
- Hotel public liability insurance
Hotel liability insurance will form an essential part of your cover.
If a guest, member of the public, or any other third-party injure themselves while on your property, you might be liable for a claim. For instance, if a guest trips over a stack of boxes left in the hotel lobby, causing an injury.
Hotel public liability insurance protects your business from the expenses of legal matters and compensation payments if a third-party claims loss or damages due to your businesses negligence.
Similarly, if someone gets sick after consuming food or drink from your premises, product liability insurance covers the cost of a claim.
- Employers’ liability insurance
All employers are legally obliged to have employers’ liability insurance, even if you just employ casual or temporary staff. This will help to pay compensation and legal fees should one of your team become ill or injured as a result of the work they do for you.
- Building insurance and business contents insurance
Hotel property insurance will protect your establishment from the financial implications of an event such as a fire, flood, or burglary.
While your hotel building insurance covers the structure of the building and permanent fixtures and fittings, business contents insurance covers your furnishings, the equipment your business relies on, and your stock.
- Guest contents insurance
Your hotel business insurance should also include guest contents cover to protect your customers’ possessions against theft or damage. This type of hotel insurance for guests is a legal requirement under the Hotel Proprietors Act 1956.
- Hotel business interruption insurance
It can also include hotel business interruption cover. This will help to protect your income if you are forced to close your doors temporarily. For example, if your property is damaged by fire or flood.
What else should you consider when buying Hotel Insurance?
There are many different types of hotel, each with their own nuances. Hence, it’s important to be able to tailor your policy to meet your individual requirements.
In addition, some establishments will need to include cover for a gym, swimming pool, sauna, and spa treatments. Others might need more basic cover under a small, or boutique, hotel insurance policies.
Our experienced brokers have access to a wide range of top quality insurance companies, allowing us to create the most suitable policy for your needs.
Some of the extra cover we can include within an insurance policy for hotels are:
- Stock cover
- Theft
- Cyber cover
- Contractors’ risks
- Terrorism
- Goods in Transit
- Personal contents cover (for employees’ belongings)
- Accidental damage
- Legal expenses
- Personal accident insurance
What does Hotel Insurance cost?
The costs can vary depending on a number of factors. For example, the size of your premises, its structure, fixtures and fittings, location and claims history will all impact your hotel insurance quote.
Don’t be tempted by cheap insurance. It’s crucial to make sure your business, customers, and staff are fully protected from the risks they’re exposed to.
Therefore, the best way to get the most competitive insurance quotes is to use a broker such as Prosura. We work with a wide range of high quality insurers, which means we can create a bespoke package with adequate cover, at the right price.
Why get Hotel Insurance Quotes with Prosura?
Hence, Prosura prides itself on being an independent insurance broker, with access to a broad range of insurers, allowing us to tailor a policy that’ll meet your exact requirements.
Our high-quality, cost-effective insurance policies are built on years of experience and in-depth industry knowledge, delivered to you in a simple, jargon-free way.
Additionally, we give all our Hotel Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
So, for the best insurance policies, contact the specialist brokers at Prosura today.
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