What Does Hotel Insurance Cover?
Hotel and guest house insurance packages by IC Insurance Solutions include the following key covers:
An insurance policy that covers the cost of repairing or rebuying all your guest house contents including furniture, kitchen appliances, general equipment, till systems and more on a new for old basis.
Covers all the items you have in your stock or inventory including food, beverages and tobacco.
An insurance policy that covers the cost of legal defence and compensation payouts if the claimant sustains an injury or contracts an illness after consuming the food or beverages served at your establishment.
Taking out employers liability insurance is a compulsion in the UK if you employ anyone. Employers liability policy can financially protect you against injury or accident claims filed by your employees.
Public liability insurance covers the cost of legal defence, settlement and compensation payouts if a member of the public takes legal action against you after sustaining an injury in your hotel or guest house.
Protects your hotel by compensating you for theft of business funds by employees.
Business interruption insurance protects your hotel or guesthouse against disruptions caused by pre-insured events.
If an insured event disrupts your business or forces your hotel to shut down temporarily, business interruption insurance will continue to pay for an outgoing expense such as salaries, bills, rent and mortgages.
Loss of Licence
Hotels and guest houses require an alcohol licence to serve liquor on-premise. If you lose this licence or it gets suspended due to regulatory action, it can have a significant impact on your business. In such a situation, the loss of licence policy covers your financial loss.