As a hotel, your business needs the same basic insurance as all other businesses:
- Employers’ Liability insurance is legally required for any business employing staff
- Public Liability insurance protects you if your guests suffer injury or damaged or lost property
You will usually want to carry Buildings insurance, protecting your business against the risk of damage to the property itself. Business Interruption insurance, which protects you against losses incurred if you must temporarily cease trading, is often recommended.
Hotel contents insurance is also recommended. Contents insurance can be complicated for a hotel. It must protect the hotel fixtures but it’s recommended that it also cover guests’ possessions – something much harder to properly evaluate.
There are many other optional extras you may need. For example, if your hotel serves alcohol, you may want to insure against losing your licence.
When comparing hotel insurance policies online, it’s important to read all your options through carefully. Make sure that the cover your business needs is included. Check for any exclusions that would affect you. After all, a policy without the cover you need doesn’t save you any money.
It’s important to find a policy at a price you can afford. It’s more important that the policy provides the cover you need.
Make sure you take the time to find the right cover for your situation. Comparing hotel insurance quotes online makes finding the right policy easier, but you still need one that fits.
Just fill out the form on this page and you can start the process. Let us help you find what you need.
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Hotel Insurance Features
As a business, employers’ liability insurance is a legal requirement. Some hotel insurance policies will include this, but it may be a better deal to arrange that policy separately – make sure you weigh up all the options during your online hotel insurance comparison.
Your business is also likely to want public liability insurance as a safeguard against, loss, damage or injury to members of the public while on their property, and buildings insurance – which you should make sure covers you, not against the premises valuation, but against its rebuild cost.
Make sure to account for boundary walls, outbuildings, and fixtures and fittings while calculating rebuild cost.
Contents insurance can also be surprisingly important, especially when you consider that your guests’ belongings will count as contents while on your premises – which is why this is also a legal requirement. Make sure you know the correct level of insurance for your hotel capacity.
As with any business, business interruption insurance can be useful to sustain your business through any interruption of trading – flood damage, fire damage, or other interruptions can often trigger this. What level you want and whether you want it is another question.
Things to Watch For
If you serve alcohol on your premises you may wish to insure against the loss of license, and if your hotel hosts gyms, spas, and other treatments you should check to see whether any of them represent an unusual liability.
Many hotel policies also have specific exceptions for condition of property, theft by violence or forced entry, or accidental damage. Check that your arrangements meet the requirements of your policy to make sure you stay covered.
After some years’ incident-free operation, you may find that some providers are willing to reduce your premiums. As long as you retain the coverage you need, a good deal is always worth investigating.