What to pay attention to when choosing a hotel insurance policy


Owning and operating a hotel or any other type of accommodation is a challenge, especially in the current severe economic situation, but there is no excuse for not ensuring that your business, employees and guests get the right level of insurance.

Hotel insurance is not just for hotels, because for the following types of accommodation, you can also find the correct type of insurance that is often included in this insurance category:

• Hotel

• guest House

• Bed and breakfast (B&B)

• Motel

• hostel

• Hotel accommodation

Although there are many types of insurance policies involving hotels and accommodation, some of the things you really need to look for in insurance include:

Buildings and contents-as with any type of building you own, you need to make sure that you have the correct value for the building and contents, because if something worse happens, you need to make sure that your insurance level is sufficient to cover The funds needed to restore the hotel to its original location.

Liability Insurance-Public, employer and product liability insurance are all types of insurance, which may be critical for your hotel, guesthouse, guesthouse or other type of accommodation. If a guest falls and is injured, liability insurance can provide you with protection, and employer liability can protect your employees from injury or injury while working at or in the hotel.

Business interruption-This type of insurance is sometimes overlooked, but if your business is closed in the short to medium term, it can actually serve as a business and life protection. For example, if your hotel was flooded in June (which did happen), and you have to close it for three months for refurbishment, then having this type of insurance will provide you with certain income to keep your business going Go on.

Legal Fees/Protection-Operating a hotel means that you may hire employees, and you will definitely receive guests. This type of insurance provides protection for any legal costs that arise after any disputes with customers and employees. For example, if a staff member decides that they want to sue you for a specific reason, this type of insurance can help you pay your bills when the case goes to court.

Most importantly, you should always check whether your insurance policy provides the correct level and coverage for your business.