Guesthouse Insurance – Why You Need A Specialist Insurance Policy
If you are running a Guesthouse then you should consider a specialist Guesthouse policy to ensure you have the appropriate insurance cover in place. The Tourist Trail can help when it comes to getting the insurance right, leaving you to get on with running your Guesthouse and looking after your guests.
Owning and running a Guesthouse brings some additional insurance risks – potentially paying guests in your home, the preparation of food, may be employing people and the loss of income in the event that you are not able to operate.
What to consider when insuring your Guesthouse?
Your Guesthouse Buildings and Contents are likely to represent a significant value and you may wish to protect them against damage or loss. Think about how much it may cost to replace or repair them if you suffered loss or damage.
Public Liability cover can help protect you in the event of an accident or injury happening to a guest and if you employ anyone – may be a cleaner or a gardener, then Employers Liability cover will be required by law.
If you are providing cooked breakfasts or preparing other food for guests then you may be exposed to claims such as food poisoning and Products Liability insurance can help protect your business.
If you have Business Equipment that you use in the running of your Guesthouse – such as a cooking equipment, cleaning equipment or a computer and printer, then you may wish to ensure it is adequately insured against things like fire or theft.
Guests will inevitably bring some of their personal possessions and most specialist Guesthouse policies will provide a small amount of cover for loss or damage to Guests Personal Possessions whilst they stay with you.
Business interruption insurance will help protect your income in the event that you have to close your business due to fire, flood or storm and if you have Business Stock including alcohol on the premises then you should consider the replacement value as part of your insurances.
How much does it cost to insure your Guesthouse?
The cost of your insurance will vary depending on a number of things – the values involved, where you live, previous claims experience, risk management measures and so on.
Getting in touch
The best way to ensure you get the right cover is to talk to us about your Guesthouse – as a professional insurance broker we will then be able to understand your business and find the appropriate cover – call us today on 0345 209 4462.
Get in Touch…
Call us on 0345 209 4462
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