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Insurance for Hotels and Licensed Premises

Introduction
The leisure and tourism industry is a major contributor to the economic life of this country. Those who succeed in that industry do so because they understand their customers' requirements and cater for them efficiently, with a minimum of fuss. Based in the North of Cumbria, close to the Lake District where there are probably more hotels, guest houses and country pubs than almost anywhere else in the country, we at John Pieri Insurance Services Ltd believe that understanding our clients' business is the key to a successful relationship. From experience we are aware of the insurance needs of the leisure and tourism industry and through our agencies with leading insurers we are able to provide policies customised to individual requirements.

Cover available
Excesses apply to certain Perils or sections of cover. Full details of these and any exclusions or limitations will be provided in your policy document or policy summary.

Insurance can be arranged for:

• Buildings (including Architects' and Surveyors' fees)
• Business Interruption (indemnity period 12/24 months)
• Contents (including separate cover for Guests' Effects if required)
• Employer's Liability
• Frozen Food
• Goods in Transit
• Glass
• Legal Expenses
• Money (including assault)
• Public Liability £2m any one occurrence

Buildings and Contents cover can be All Risks or Fire and Specified Perils. There may be some variations according to the nature of the risk proposed but generally, the Perils will include lightning; explosion; earthquake; aircraft; riot & civil commotion; storm & flood; escape of water; malicious damage; impact; falling trees; and theft. All Risks includes fire and all the specified perils, plus accidental damage. Subsidence cover may also be available.

Notes for Guidance

Building
The sum insured should represent the FULL COST OF REINSTATEMENT, plus debris removal and professional fees. You are recommended to take professional advice in this regard.

Contents
The sum insured should be sufficient to replace all the contents AS NEW. An inventory can be very useful in this respect but remember that an inventory produced for the purpose of buying or selling the business shows a market valuation, not the replacement cost.

Business Interruption
When considering the indemnity period you should reflect on how long it might take to return to normal trading after a major loss. If you choose a period of more than 12 months, don't forget to increase the sum insured accordingly. Usually, the sum insured under the policy will be a fixed amount, typically £250,000/£500,000. Decide if this standard cover will be sufficient to cover your maximum possible loss.

Be alert also to the fact that trade may suffer for other reasons, such as loss of attraction or interruption at suppliers' premises. Do you need such cover?

Contact us
If you would like to know more, please use our online enquiry form and we will contact you. Alternatively, you may telephone us on 016977 45630. We are happy to discuss any aspect with you in confidence and with no obligation.