Hotel Insurance
There are so many different activities involved in running a hotel, it certainly produces a large workload for anyone running one. Insurance for hotel businesses should ideally include a number of distinct elements, designed to give you the financial security you need to get on with running your business.
Most hotels of course employ staff, including cleaning, cooking, managerial and administrative staff as well as those in all manner of customer service roles. As their employer, you must be covered by employers’ liability insurance. This is not optional, as it is a legal requirement in Britain.
You can take various steps in terms of insurance to protect your hotel premises. Buildings and contents cover needs to be specifically tailored to the hotel environment. If you’re considering a policy, ensure it covers your furniture, both in the guest rooms and in the public hotel areas, cooking and cleaning equipment, food and drink stock, and interior decoration items such as artworks and ornaments.
Most hotels involve some level of cash handling, particularly in cases where your hotel has a bar in it. To protect yourself against theft and robbery losses, it’s well worth considering a money option in your policy.
Business interruption insurance is an option many people fail to consider, but can be very valuable if some incident stops your business operating. It is a sad fact that people are now in the habit of taking legal action against businesses for many reasons. Any business involving customer service would therefore be wise to opt for public liability cover.
