Home Business Branches Hospitality

Insurance for hospitality entrepreneurs

It is essential to have the right insurance solutions that protect your business.

Help from our experts

Wide range

Low premiums

Clear, transparent & honest advice for more than 110 years

With knowledge of every industry and a lot of know how, we provide clear, transparent & honest advice.

8.2

Based on 3343 reviews 92% recommend us.

klantenvertellen

Independent business owners in the hospitality industry face challenges specific to their industry every day. Whether you run a restaurant, café or catering business, there are always risks lurking. Think fire, theft, liability and other unexpected events.

Having the right insurance solutions to protect your business is essential. In this text, we are going to discuss the main insurance options specifically designed to help you, as a business owner in the hospitality industry, protect your business and remain successful.

Let's see how the right insurance can increase your peace of mind and allow your business to thrive.

What risks do you face as a hospitality entrepreneur?

As a hospitality business owner, you face several risks that can affect your business. One of the most obvious risks is fire hazards, especially in kitchens and eateries.

In addition, liability is a major concern, as guests may slip or injure themselves, leading to claims. Theft and burglary are also risks, especially if your hospitality business has valuable equipment and supplies.

In addition, unexpected property damage, such as water damage, can hurt your business financially.

So it is essential to be aware of these risks and take appropriate insurance measures to protect yourself and your business.

Top 5 insurances for hospitality business owners

For hospitality entrepreneurs, there are several insurance policies that can be of great importance. Here is a top 5 of useful insurances, each with their own reasons:

1. Corporate liability insurance

Business Liability Insurance covers claims if a guest or employee is injured or harmed in your hospitality business. Consider situations such as a guest slipping on spilled water or a waitress spilling hot coffee on a customer. It protects your business from the financial consequences of liability claims.

2. Inventory and property insurance

Inventory and property insurance covers damage to the inventory and equipment in your hospitality business due to fire, theft, flooding or other unexpected events. This allows you to cover the cost of replacement or repair, which is essential to keep your business running.

3. Business interruption insurance

When your hospitality business has to close temporarily due to a covered event, such as fire, it can result in loss of income and additional expenses. Business interruption insurance helps offset these financial losses and ensures that you can continue to cover ongoing expenses.

4. Absenteeism Insurance

In the hospitality industry, employee absenteeism can have a major impact on operational continuity. Absenteeism insurance covers the cost of salary payments to sick or disabled employees, allowing you to maintain financial stability even if your staff is unable to work.

5. Disability Insurance

As an independent hospitality entrepreneur, you are the hub of your business. If you become disabled for any reason, this can have serious financial consequences. Disability insurance provides benefits that replace your income if you are unable to work, allowing you to continue to pay for your living expenses.

Custom advice

Having the right insurance can help hospitality business owners maintain financial stability and protect themselves from unforeseen events that could disrupt their operations.

It is always advisable to speak with an insurance advisor to determine the appropriate coverage for your specific situation.

Our business advisors are happy to help you with all your questions.