Hospitality Industry

The hospitality industry faces a wide range of unique risks including injuries to staff or customers, potential theft or damage to property, machinery breakdown, potential lawsuits or claims from customers, cyber threats, as well as the impact of unexpected interruptions to business. Your insurance coverage should be comprehensive enough to cover these potential risks.

The cost of your policy will depend on various factors such as the type of your business, the size of your establishment, the location, the number of employees, the types of coverage you require, and your claims history. We can provide a detailed breakdown during our consultation process to help you understand the costs.

Regular risk assessments, safety training for employees, well-maintained premises and equipment, sound security measures, and robust cyber security practices can all help to reduce risk. Furthermore, a strong record of risk management can potentially reduce your premiums.

Business Interruption insurance is designed to cover loss of income following events like machinery breakdown. It can help you maintain your business operations while machinery is being repaired or replaced. Coverage may include the loss of net profit and ongoing expenses such as wages, rent, and loan repayments.

Yes, we understand the hospitality industry can experience high seasonality. Certain policies can be adjusted to provide increased cover during peak seasons when there's increased footfall in your establishment. It's best to discuss these nuances of your business with us, so we can tailor a policy that best fits your specific needs.