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Hospitality Insurance | Hotel, Restaurant, Nightclub & Pub Insurance
Hospitality Insurance
The hospitality industry faces numerous challenges, and worrying about the right hospitality insurance shouldn’t be one of them. The last thing you want is to be stuck with a hefty bill if a disaster strikes.
Finding the right hospitality insurance to safeguard your business from various potential risks can be quite complex!
At East Yorkshire Insurance Brokers we’ve helped many companies sort out their hospitality insurance. We know full well that there’s many challenges (often unique to the industry) faced by the different kinds of businesses which make up the hospitality sector; and we want to make sure we help you get the right level of cover and give you peace of mind for your business.
Trusted by 250+
Local Businesses
Access To Over 300
Insurance Markets
Our Clients Rate
EYIB 4.9/5 Stars
Trusted By 250+ Local Businesses
Access To Over 300 Insurance Markets
Our Clients Rate EYIB 4.9/5 Stars
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What Is Hospitality Insurance?
What Is It?
Hospitality insurance is the kind of cover which protects establishments like restaurants, hotels, pubs, and nightclubs – all of whom serve customers in a few ways, be it by offering things like food, providing accommodation, or putting on entertainment.
Most hospitality insurance policies include the standard cover of public liability (PLI), typically starting at £2 million. PLI protects your business if a customer is injured or their property is damaged while on your premises.
If you employ staff (which as a hospitality based business you’re probably going to be) then you’re legally required to have employers’ liability insurance (ELI), which covers work-related injuries or illnesses. Standard policies for ELI usually provide up to £10 million in coverage.
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Why Choose EYIB For Hospitality & Restaurant Insurance?
Why Choose EYIB
More Than 15 Years Experience
We’re a team who know hospitality insurance well and who’ve been supporting the industry for over 5 years, backed by 15+ years of broker experience in restaurant and hotel insurance.
More Than 300 Insurers
The partnerships EYIB have with insurers give us access to 300+ markets, meaning we can find the right coverage that fits.
250+ Local Businesses Insured
There are already over 250 different local businesses who choose us to handle their insurance and manage their policies, keeping them protected and giving them peace of mind.
Years Experience
Local Businesses Insured
Insurers
Our Insurance Partners
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Which Policies Are Usually Included In Hospitality Insurance?
What’s Included?
Employers Liability Insurance (ELI)
In all likelihood, you’re going to have a team of staff working for you, and so ELI is a legal requirement – and is therefore normally always included in any hospitality insurance you take out. If any of your employees are injured, become ill, or experience a work-related accident when they’re on shift, then this is what covers you against losses.
Public Liability Insurance
Whilst something bad happening to one of your staff/employees is protected against by ELI, for the customers you have visiting your hospitality venue, you’ll need Public Liability cover to protect against financial losses should a claim arise should they become injured when they’re visiting your venue.
Public Liability Insurance
Business Contents Insurance
This policy does what it says on the tin, it covers all of your physical assets like furniture, fixtures, and other kinds of equipment within your premises. Should some of these things (or all of them) get damaged in something like a fire, a flood, or if they’ve been stolen or vandalised – then business contents insurance helps cover the cost to replace or repair it.
Business Interruption Insurance
Another cover that does pretty much what you’d expect it to, if your hospitality venue is forced to close due to an insured event such as a fire, a flood, or significant property damage then business interruption insurance is what will cover the lost income and operational costs while you recover.
Business Interruption Insurance
Loss of Licence Insurance
This depends on exactly what it is that your business does, but for those hospitality venues who rely on serving alcohol or hosting events, the loss of a licence can be financially devastating. Loss of Licence cover provides compensation if your alcohol, entertainment, or other relevant licence is revoked due to circumstances beyond your control.
Legal Expenses Insurance
Employee grievances, contract disputes with any suppliers or claims made by dissatisfied customers are but a few of the legal disputes which could arise from running a business in the hospitality sector. With legal expenses insurance though, you’re covered for the costs of legal representation, court fees, and settlements.
Legal Expenses Insurance
How Much Does It Cost?
There’s no one price for hospitality insurance. In the same fashion as any other kinds of commercial insurance, the cost of hospitality insurance for your pub, restaurant, hotel or other kind of venue will depend on several factors.
The major things like; the size of your premises, the number of employees you have, and the type of services you offer, such as serving alcohol or hosting events are what will make the most difference to the overall cost of your policy. Businesses with higher customer traffic or specialised facilities, like commercial kitchens or dance floors, may well need additional coverage which smaller less niche venues may not need, all of which can increase or decrease premiums.
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How Much Does Hospitality Insurance Usually Cost?
How Much Does It Cost?
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Do You Need Hospitality Insurance?
Do I Need It?
Legally, you’ll probably be required to have at least some of the policies covered by hospitality insurance. But to be brutally honest, you should be taking out the right level of cover for your business regardless of whether or not it’s a legal requirement. No one expects that a disaster will affect them personally, but they do, every day and if you’re not covered then you could be saying hello to a whole load of unwanted expenses and goodbye to a profitable business!
The best thing to do to find out how much cover is going to be appropriate for your business and which policies you should be including is to reach out to a member of our team today! We’ll be more than happy to take the time to understand how your business works and where there might be a significant risk that you need protecting against.
How Hospitality Insurance Might Work In Action
Sophie runs a popular restaurant known for its great food. One night, a customer unfortunately trips over a loose floor tile near the entrance, and this causes them a serious leg injury. The injured customer then files a personal injury claim against Sophie’s restaurant seeking compensation.
If she hadn’t taken out the right insurance, this legal battle could have cost Sophie thousands, threatening her business and not to mention the horrible stress that it would bring. Thankfully in Sophie’s case though, her hospitality insurance that she took out before opening included public liability cover, which pays for the legal fees and compensation.
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More Potential Claims On Hospitality Insurance
Hospitality Claim Examples
Consider a scenario where a fire occurs in your restaurant’s kitchen because of a malfunctioning oven, leading to significant damage to the building and its contents. Business contents insurance would cover the expenses for replacing damaged equipment and repairing the premises, enabling you to reopen swiftly and avoid substantial financial losses that could be difficult to recover from.
Now, imagine your nightclub’s alcohol license is suddenly revoked due to a noise complaint you didn’t know about. Loss of license insurance would provide compensation for the income you lose while you work to get your license reinstated.
What Our Clients Think
John was amazing—friendly, patient, and full of great advice. He really took the time to understand our charity and made sure we got exactly the right insurance. Highly recommend East Yorkshire Insurance Brokers
Billy Dasein
East Marsh United
Sarah provided excellent service, taking the time to review our sums insured and ensure everything was accurate. She pointed out gaps in our cover we weren’t aware of and explained everything clearly. We feel much more confident now. Highly recommend East Yorkshire Insurance Brokers!
Connor Hewson
Assured Marketing
East Yorkshire Insurance Brokers have looked after our insurance for several years, and we’re always impressed by the great service they provide. They’re professional, reliable, and always find us a competitive deal. Couldn’t ask for better!
Jason Kay
H2MO Limited
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Meet Your Hospitality Insurance Broker
Your Dedicated Insurance Broker
Let us introduce you to Sarah, your dedicated hospitality insurance broker. Sarah understands the unique challenges that restaurants, pubs, hotels, and nightclubs face when it comes to protecting themselves from everyday risks. She is dedicated to ensuring that businesses like yours remain secure, no matter what obstacles arise.
Sarah takes the time to thoroughly understand your business and will walk you through your policy, ensuring you have the right coverage and a clear understanding of what is included and excluded in your hospitality insurance policy.
So why risk operating your business without the proper protection? Contact EYIB today, and let Sarah offer you the expert insurance advice you need to safeguard your hospitality business.
What Does Hospitality Insurance Cover?
Hospitality insurance generally provides crucial protections, including public liability insurance (which covers injuries to customers or damage to their property), employers’ liability insurance (for injuries sustained by employees), business contents insurance (for your equipment, fixtures, and stock), business interruption insurance (for income lost due to closures), and loss of licence insurance (in case your alcohol or entertainment licence is taken away).
What Does Hospitality Insurance Cover?
Is Hospitality Insurance Legally Required?
Some forms of hospitality insurance are legally mandated. For instance, employers’ liability insurance is required if you have employees, whether they work full-time, part-time, or temporarily. Although public liability insurance isn’t a legal requirement, it is highly recommended, as many venues, suppliers, and local authorities may insist on it for partnerships.
How Much Does Hospitality Insurance Cost?
The price of hospitality insurance can differ based on various factors, such as the size of your premises, the number of employees, the types of services you provide (like serving alcohol or hosting events), and the level of coverage you select.