Leisure and Hospitality Insurance with Prosura
You have better things to do than worry about insurance for your business. The specialist team at Prosura understand the challenges and regulations faced by the leisure and hospitality industry and the great many risks you need to be protected against.
We also know that buying the right cover can be a frustrating experience. That’s why we aim to provide you with the same high quality of service that your customers expect from you. Fast, frictionless assistance on your terms.
Let Prosura deal with your hospitality business insurance, so you can get on with the real work!
Insurance considerations for the Leisure and Hospitality industry
Broadly speaking, the industry can be broken down into 5 broad categories, – Food and beverages, lodgings, recreations and travel and tourism. But they all share similar challenges;
- Changing customer expectations
Technology has totally changed how you deal with clients and customers. Streamlined on line ticket purchases and seamless check ins are the new norm, and you need to think about the damage that could be done not only to takings, but to reputation, too, should something go wrong.
- New, innovative business models
The hotel and B&B market was transformed overnight by the arrival of Airbnb and the like. The sharing economy has seen businesses in the sector have to react and change their existing practices really quickly – of itself a risk that needs mitigating.
- Regulatory changes
Increased digitisation has meant the emergence of new legislation around consumer data. GDPR law saw businesses scramble to make sure they were compliant without being stifled. It has become vital to ensure you have cover in place in the event of a breach or investigation.
Specialist hospitality insurance brokers
The leisure and hospitality sector is innovative, meaning that businesses need to deal with legacy issues (Premises damaged by flood or fire) as well as a range of emerging risks like those outlined above.
In a dynamic marketplace, you need an innovative broker, willing to take time to understand your business and pull together an insurance package that really addresses your needs.
Our specialist hospitality insurance brokers are adept at understanding the complex needs of these businesses to provide the most appropriate cover, and therefore complete peace of mind.
- Pub insurance
- Restaurant business insurance
- Club & bar insurance
- Café & coffee shop insurance
- Hotel & guest house insurance
- Bed & breakfast insurance
- Amusement arcade insurance
- Theme park insurance
- Pier insurance
- Wedding venue insurance
What does Leisure and Hospitality Insurance cover?
If you employ people you will need employers’ liability insurance within your hospitality and leisure insurance package. This is a legal requirement for any business that employs staff, even on a temporary or casual basis. It will help to pay compensation if an employee is injured or becomes ill as a result of the work they do for you.
Further to this, some of the most common covers within a hospitality indemnity package include:
- Public liability insurance – should a third-party be injured as a result of your business activity
- Product liability insurance – including food poisoning risks
- Loss of licence – providing financial cover if your licence is revoked
- Business interruption – to cover lost income, or profits, if you cannot trade
- Business equipment – to mitigate losses in the event of damage or theft to machinery or equipment
- Business contents – cover for premises, fixtures and fittings against damage or loss caused by fire, flood, or theft
- Stock and contents insurance – protection against loss, damage, or theft
What else do I need to consider with Leisure and Hospitality Insurance?
Each type of business within the leisure and hospitality sector faces its own challenges, and therefore unique risks it should be insured against.
Working with an experienced hospitality insurance broker, your cover will be handpicked from a selection of top-quality insurers to match your exact requirements.
Whether you need hotel and guesthouse insurance, or cover for a niche business such as amusement arcade insurance or pier insurance, we can arrange a bespoke package to
Some of the optional additional covers include:
- Money and assault cover
- Personal effects of your guests and customers
- Cover for stock and equipment at a third-party location
- Cyber liability insurance
- Legal expenses
- Directors Insurance
Why use Prosura to arrange your Leisure and Hospitality Insurance?
Prosura is an independent insurance broker who specialise in the Leisure & Hospitality sector, offering you seamless access to a broad range of insurers to curate a tailored package of products that’ll meet your exact requirements.
Our high-quality, cost-effective insurance solutions for the hospitality industry are built on years of experience and in-depth industry knowledge, delivered to you in a simple, jargon-free way.
We also give all our Leisure & Hospitality Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
To get your bespoke hospitality insurance up and running, contact the team at Prosura today.
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