Because a hotel deals with many types of people coming and going every day, this type of insurance is critical for your hotel and is something that should never be taken for granted or forgotten about, because you simply have to make sure that your hotel is covered by the correct insurance.
No matter what type of hotel you own, you really must make sure that you have the correct type of insurance for your business.
If you own:
• Hotel • Guest House • Bed And Breakfast (B&B) • Motel • Hostel
Then you will need the relevant and valid insurance, which means that should you, your guests or hotel suffer from any damage, injury of theft / vandalism, then you will have the correct cover in place to make sure that everyone is protected.
When it comes to insuring your hotel, there are standard or "off the peg" types of policies that will pretty much cover your business, depending on the type of hotel you are running, number of bedrooms and various other factors that an insurer will take into account when issuing you with a quote or policy.
Many hotels are now using specialist insurers and brokers to get "tailor made" insurance, which means that the policy is designed specifically for your hotel and will include all of the factors to make sure that the insurance policy covers all aspects and requirements that you set out with your insurer. This kind of insurance policy is always specific to the hotelier or business, but it is usually still made up of the normal components, but they are just put together into one type of insurance for your accommodation.
Because your hotel is totally unique, from number of bedrooms right the way through to location, the insurance will often be far more in depth than other types of insurance, because it has to cover so many different things.
For example, you will need the usual building and contents insurance to protect you against fire, theft and damage, but you will also need liability insurance to cover staff and guest against accident and injury whilst on your premises. Speaking to a broker or a specific hotel insurance specialist is often a brilliant idea, because although you might pay a little bit more, you will at least know that the insurance you have for your hotel is going to be the best it possibly can be.
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