Are you the owner of a hotel, guest house or bed and breakfast? Your local authority will insist you have adequate public liability insurance cover, but every business is unique, and a package of insurance to suit your venue is absolutely necessary. Consult a broker who has knowledge and experience in dealing with this industry, and can advise accordingly, whether for one small guest house or a multiple chain hotel.
Standard covers include public liability, (damage to people and property), employer’s liability (for staff), stock cover, including food and alcohol, contents insurance, including guestroom furniture, electronic cover for tills and computers, glass and signage, loss of licence, money and goods in transit insurance, business interruption and legal protection, with other covers as necessary.
Other options are available – buildings insurance, computer breakdown, accidental damage, employee theft, terrorism, but there are often specific questions you need to know. Some common examples are:
- I use deep fat frying equipment -do I need specific insurance?
- Are there conditions for minimum security?
- I have play equipment for children and hot tubs- how can I ensure I am covered against claims?
- Do I need to be resident in the property?
- Can I take DSS tenants?
There are so many possible questions – go to someone who has experience in this field..
Even with stringent health and safety measures in place, you are dealing with members of the public and staff, who can be unpredictable. Insurance for your business can protect you against damage in the event of third party claims being made against you, and protect against damages to your property or equipment. A reputable broker can assess your needs to find you a package which best suits you and fits your budget, so you can be reassured to know you’re covered against the worst that can happen.
Regency Commercial Insurance Brokers can deal with risk assesments and insurance for hotels with out of the ordinary situations – with swimming pools, gyms, fitness centres and golf courses, or extras such as beauty rooms, function rooms, business facilities and conference centres. At the other end of the scale, they have a wealth of experience with individual bed and breakfasts, and they will allocate an account manager with experience in your sort of business.
As insurance brokers, Regency use a panel of specially selected companies to find you the best policy at the best price, and when it comes to the hospitality industry, they know that every business is unique, so they will make sure that your insurance policy is designed specifically for your business and you will only pay for the type of cover your individual business needs. They are members of the Financial Services Authority, so you know you are dealing with a professional and regulated insurance broker, who will find you the right insurance package for your hotel, guest house or bed and breakfast at the right price.