Do you own a hotel or a B&B? If so, then you must be protected against the risks that come with running a business – as well as the specific challenges of the hospitality industry. No matter how big or small your hotel or guesthouse is, you’ll benefit from having the right insurance policies in place, and we can help with that.
As insurance brokers in Bolton, we understand your concerns, requirements and preferences, so we’ll search all companies to find the perfect insurance coverage for your business, which will protect you against unexpected circumstances.
Running a business is very rewarding, as you only have yourself to answer to and can do everything your way. However, there are also many things to consider, from damage to your guests’ belongings to a broken-down boiler.
You'll have a lot of people coming in and out, working kitchen equipment, etc., so it’s important you’re insured against accidents, theft, injuries, damages, and more. While it’s hard to protect yourself against every possible situation, it pays to be as ready as possible, so business interruption cover can help with that as well.
Hotel insurance, therefore, consists of a group of policies designed to meet the unique requirements of businesses like hotels and B&Bs. Combined, they seek to cover hospitality-related situations as well as for third-party claims and issues like floods and fires.
The main reason why you should take out hotel and guesthouse insurance is that it’s designed to accommodate for things like the number of rooms you have, the staff you employ, any events you host, the amenities you have, the food you serve, the building itself, and more.
And, when you’re insured, you can have the peace of mind of knowing that, should anything happen, your venture is protected. This allows you to focus on running your business instead of worrying about what might happen.
Because you work with the public, you face certain risks that other businesses may not have to think about. Make sure you have insurance in place to keep you safe against third-party claims and other issues; claims can not only take up a lot of your time, but can also be costly, so having insurance means you won’t have to pay out of pocket.
In addition, you don’t want to lose any investment you made into the property or business, so protecting this investment is crucial with the right policies.
There are many more reasons to take out hotel insurance, such as keeping your staff safe covered and being able to get loans more easily – this is crucial for any business owner looking for funding, as it’s easier to get approved if your business is insured.
Speak to us if you’d like more information about hotel and guesthouse insurance; we’re always on hand to help and to answer all your questions.
No two hotels or guesthouses are the same, so having insurance tailored to your specific needs is crucial. There's no point in following a one-size-fits-all approach, so we help you get the policies that work best with your business model and your offerings – this means you’re only paying for what you need as well.
Only one policy is mandatory in the UK: if you employ staff, you must get employers’ liability insurance, and the package you choose must cover you for a minimum amount of £5 million. But, while you don’t have to take out other policies, it’s still important you do.
You should consider insurance covers such as the following:
As a broker, we’ll select the best policies for your business, whether you need coverage for your guests’ possessions or your hotel linens, for accidents that may happen on the premises, for property damage, for loss of income if your hotel or B&B needs to close temporarily, and more.
We've got many years of experience providing business owners, including hoteliers and B&Bers, with the best insurance policies, and we have forged strong relationships with top insurers.
You'll get the best prices on the policies you need as well, from public liability to loss of licence, as well as a quick reply on your insurance requirements. We understand that you’re busy running your hotel or guesthouse, so we’ll get back to you within 24 hours on business days.
Also, when looking for hotel and guesthouse insurance, or if you want to review your current policies, get in touch for a free, no-obligation quote at IC Insurance.