Does your property require non-standard insurance?
Giving you confidence in your cover
We’ll work with you to get an understanding of your business so we can determine exactly what cover you require.
It can be difficult to find the time to leave your premises unattended.
That’s why we can arrange to visit you to conduct a full assessment of your requirements.
Are you underinsured?
Underinsurance is a huge issue for many SMEs. We’ll look at your size and projected growth to ensure you’re covered now and in the future.
Common risks associated with SMEs
We take a look at commons risks currently faced by SME's
Risk assessment as an SME is essential in order to put sufficient risk management measures in place. We can help you identify risks specific to your business, whether you’re a retail park, a country pub or a local store.
Weather damage/fire
Weather damage and fire are a huge cause of insurance claims in the UK. In order to mitigate against these risks, it’s best to get properly insured for all eventualities. If you live in a high-risk flood area, it’s important to protect yourself against the financial repercussions of flooding, yet unexpected extreme weather can hit anyone – even if you don’t think you’re directly at risk.
Crime – theft/vandalism
Theft is particularly prevalent in properties which are left unoccupied overnight, particularly for those situated in a heavily populated area or a location with a high crime rate. To minimise your risk and to ensure your insurance policy pays out in the event of theft and vandalism, make sure you have adequate security measures in place to help prevent such an event from happening.
Liability
Whilst only Employer’s Liability Insurance is a legal requirement, if you get caught out and are found to be liable for injury or damage to a person or their property – you could find yourself subject to court fees, defence costs and possibly a large compensation payment.
What type of liability cover do you need?
There are three main types of liability cover
Liability cover protects companies and its members against liability claims made against them for damage or injury to people or their property. It covers the cost of areas such as defence, legal costs and legal payouts.
Public Liability
Public Liability Insurance isn’t a legal requirement, although some local authorities might require you to have it. Its purpose is to cover any damages awarded to a member of the public due to an injury or damage to their property caused by you or your business.
Employers' Liability
If you employ one or more members of staff, you are legally obliged to take out Employer’s Liability Insurance for a minimum of £5m. This will cover you if an employee or ex-employee make a claim for illness or injury caused by your business, including compensation costs and legal fees.
Product Liability
If someone, or their property, has been damaged or injured by a product sold by your business, they have grounds to make a claim against you. Even if the product wasn’t manufactured by your business but includes the name of your business or if you have repaired/refurbished it, you may still be liable.
Protecting your premises against vandalism and theft
Ensuring the safety of your premises and your guest's property
Security is an important consideration for your business to protect your buildings and contents/stock. If insurers find that adequate security is not in place, this could prevent a potential payout.
When you run a hotel/guest house, you not only need to account for yourself, you are also responsible for ensuring the safety of your customer’s/guest’s belongings.
That’s not to say that you will be held solely responsible for them, but if it’s found that their property is damaged or stolen due to the negligence of your business – then you may be held fully liable.
Securing your property
Does your business have sufficient security in place?
There are steps you can take to maintain the overall security of your hotel. This will promote a safe environment, in turn reducing the risk of theft and vandalism.
Security:
- Alarms
- CCTV
- Sprinkler systems
- Passive infrared lighting (motion sensors)
Locks and storage:
- Lock stock away at night
- Keep till drawer open and empty overnight
- Invest in high-security locks
- Keep important items in a Eurograde safe
Additional Cover
Frequently Asked Questions
I am sometimes required to relocate my stock and equipment, are they still covered whilst in transit? 
Yes, if you have goods in transit cover in your policy then your stock and equipment will remain covered whilst on the road.
My hotel has an in-house restaurant, will this be covered in my insurance policy?
If your hotel or guest house has an on-site commercial kitchen or restaurant, this will need to be highlighted to us. It may be that there are a few stipulations or additional cover features to consider but these will be investigated on an individual basis.
Does my insurance cover me for general wear and tear?
Generally no, wear and tear is not usually covered by insurance as you are expected to maintain the property and keep it in good condition.
