The Risk
The hotel and hospitality industry is increasingly being exposed to a number of new risks which fall outside the ambit of the traditional risk categories such as property risks, reputation risks/brand management and political risks. Some of these include risks related to mixed-use construction, medical spas (spas within hotels that offer botox, laser resurfacing, etc.) and cyber risks dealing with credit card data and personal information housed on hotel keycards. Product liability risks stemming from the sales of branded products such as bedding and spa items are also considered to be growing exposures. More recently, Hotels have been targets of terrorist attacks as well.
The Solution
Hotelier’s Package Insurance is a comprehensive insurance policy for hotels or restaurants. The policy broadly covers loss or damage due to fire, earthquake, flood, riot etc. It also covers damage by Burglary, Housebreaking (Theft following upon actual, forcible and violent entry of and/or exit from the premises) covers loss of money in transit or in safe, loss of guest property and breakage of plate glass. It also provides cover for legal liability towards employees in respect of accidental death or bodily injury while working. In addition, it covers you for any liability towards third party in respect of accidental death or bodily injury including liability arising out of food & beverages supplied by hotel / restaurant.
The Cover
With Hotelier’s Package Insurance, you can pick and choose the covers you require and amount up to which you want to cover your various risks. In short, you can choose the ingredients of your Hotel Insurance recipe to suit your taste. The covers include:
Major Exclusions
Important Extension
For Further Information Contact:
Debasish Mukherjee
Sr. Vice President, Corporate Business
Telephone
+91-22-6655 8868
Email
d.mukherjee@howdenindia.com
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