What does hotel insurance cover?
The level of insurance you have will depend on what you include in your portfolio. Essentials include:
- Public Liability Insurance – To protect you and your business from the cost of compensation claims in the event a guest or visitor is injured, or their personal property is damaged while at your hotel.
- Buildings insurance – This will be an essential addition to your package to protect the building against flood, fire, or other damage. If you have a business mortgage or loan against the property, your lender may require full buildings insurance as part of the agreement.
- Stock and contents insurance – If your hotel has a restaurant or bar, stock insurance protects you against the financial impact of the loss of stock, for example, if your freezers or fridges fail and food stock is spoiled.
- Employer’s insurance – This is mandatory if you employ anyone, including certain types of contract or labour-only workers.
You’ll also find other products on offer at Park Insurance, including:
- Hotel Package Policy
- B&B
- Personal Accident
- Medical Insurance
- Business Legal Protection
- Directors & Officers Insurance
Do I need hotel insurance?
If you have a hotel business in the UK, you should consider having the appropriate insurance in place. Not only does it protect you, your staff, your guests and any visitors to the hotel, but it may also be a requirement for financial loans. Without the right insurance, a single incident such as a fire, flood, or even a compensation claim from a guest for a trip or fall could impact the success and future of your hotel.
How much does it cost?
The cost of your hotel insurance quote will depend on several factors, including the size of the hotel, the type and number of rooms, your annual turnover, facilities, and location. When you contact Park Insurance, your broker will be able to talk you through your options to put together a package that suits both your needs and your budget.
What insurance is legally required for hotels in the UK?
If you employ any staff, including part-time and family members, you must have Employer’s Liability Insurance. While this is the only mandatory insurance required (apart from any motor insurance for vehicles used by the hotel), other cover is recommended.
Is insurance covered for hotels with leisure facilities?
Talk to the team at Park Insurance, who can discuss your exact needs, including sourcing insurance cover for hotels with facilities such as pools, spas, and saunas.
What kind of excess should I expect?
This will depend on the level of cover you take out and the insurance provider’s terms and conditions.
Have a successful season with Park Insurance
For over 30 years, the family-run Park Insurance has worked with the hotel industry, offering bespoke hotel business insurance quotes and packages tailored to each client. We use our position as preferred brokers to some of the UK’s largest providers to help you find cover that is tailored for you. You can get an instant quote online now using our Get a Quote feature or call us directly to speak with one of our team members for a more in-depth discussion of all your insurance needs.