Why do I need Hotel or Guest House Insurance?
Insuring your Hotel or Guest House may not be top of the agenda whilst running your business, but it is an essential part of protecting your livelihood and business. You will require a trusted partner to deal with your Hotel or Guest House Insurance, to ensure you are adequately covered for any eventuality which may happen while running your business. Whether it be part of the building, the staff/guest or the income, these are all parts of your business that need to be protected and which are the main aspects of keeping your business running.
While some of the insurance for hotels and guest house is compulsory, like the employers’ liability and building insurance, some are optional depending on what type of business you run.
Reputation and recommendation play a large part in the selection of a Hotel or Guest House insurance. Whether it’s a business trip or a romantic weekend away, a policy needs to apply to the needs of your business. Therefore it is essential that you are insured with an insurance company you trust and will have the right cover for whatever business you are running.
Todd and Cue have been brokering Insurance for the Leisure sector since 1979 ensuring our knowledgeable broking staff, in-house claims team and bespoke tailored Hotel & Guest House insurance scheme, offer the best service and cover available in the market today.
What’s the difference between Hotel, Guest House and Bed and Breakfast insurance?
Hotels are usually an establishment that provides guests with a place to stay. Most Hotel rooms usually come with an en-suite bathroom. They have a designated eating area for Breakfast and dinner. There is usually a receptionist to help at any time if needed, with 24-hour service.
Guest Houses are different from Bed & Breakfasts. Guest Houses are usually a full-time business compared to Bed and Breakfasts, however, do not have a 24-hour receptionist like Hotels. Guest Houses are VAT registered, unlike most Bed & Breakfasts. Guest Houses usually have less than 15 bedrooms available, compared to Hotels which have considerably more.
Whatever establishment your business is if it’s a small hotel insurance you require or a b&b insurance. We will make sure your cover is correct and to the best possible cover for your business.
Do I need hotel insurance?
Every hotel is totally different, some might have a handful of rooms and others may have over 200. The design of the hotel, layout, food and any other services they offer all affect the level of risk and therefore the level of insurance policy coverage will be different. Hotel insurance packages are designed to accommodate all of these risks.
What does hotel insurance policy cover?
Depending on the cover you take out, our premiums mainly focus on key areas, which are stated below. However, this is not the case for all covers, therefore it is important you understand which cover you are taking out.
Contents Insurance
It is crucial to have contents insurance for your business, the hotel consists mainly upon the items it has in the building. Therefore it is important you look after possessions by keeping them insured. In case of a fire or an accident, your contents will be insured depending on the policy you have in place with us.
Personal Money
Loss of money in transit, in the premises during business hours and in any bank night safe, covered up to a certain amount within your policy.
Personal injury (Robbery)
In the event of a robbery which a personal injury occurs when the customers family will be covered for the damage up to the set price.
Business interruption (standard cover)
If the business is interrupted by a loss insured under the building or contents sections, this section will pay for the loss of accommodation charges and increase in the cost of working, during the indemnity period.
Book Debts
Cover for outstanding debts that you are unable to trace following damage covered under the buildings or contents section.
Loss of licence
If the licence is taken away from you for a reason which you cannot control, then you will be insured for most of the damages occurred to the business, depending on the premium you take out.
Public Liability
Your legal liability to third parties for accidental damage to their property, arising from the business (including products or services supplied), occurring anywhere in the territorial limits.
Employers liability
Your legal liability to employees for accidental injury or disease (including damages, claimants’ costs and expenses) arising from the business is insured, up to the limit of indemnity.
How much does hotel insurance cost?
Hotel insurance prices differ from each insurance provider and the level of cover required by the business owner.
What’s the right hotel Insurance policy for my business?
We provide a range of levels of cover which can be easily customised able to suit your business needs.
However big or small your hotel is Todd & Cue has you covered
If you would like to receive a competitive quote then contact us, we will provide you with the personalisable insurance cover for your business, suited to your needs and requirements. Contact us on 0191 482 0050, we will be happy to assist you on any insurance quote for your business. Todd & Cue is one of the UK’s leading hotel insurance brokers.
