RSA, one of the UK’s principle commercial insurers, has launched a new Restaurants and Hotels insurance policy, which it said offers “flexible cover with a wealth of benefits to the hospitality trade.
“It provides insurance for small-unlicensed hotels with up to six rooms or restaurants with up to 150 seats and has flexible limits to suit the needs of most businesses,” said the announcement.
The policy covers the following:
• Contents, stock, public/products liability and employers’ liability
• Cover for hotel guests’ personal effects (£2,500 [$4095] per guest)
• 50 percent seasonal stock increase during November, December and 30 days prior to Easter
• All Risk Goods in Transit cover of £2,500 [$4112] with the option to extend to £10,000 [$16,384]
• £1,000 [$1,638] cover for damage to frozen and chilled food with the option to extend to £10,000 [$16,384] per unit
• Public/products liability £2 million [$3.276 million] standard indemnity cover can be reduced, increased or deselected as required
• Automatic Money package of £1,000 [$1,638] with option to decrease or increase where necessary
David Swigciski, SME Trading Director, RSA, said: “The hospitality industry is extremely important to the UK economy, so the importance of putting in place robust insurance cover should not be underestimated. With this new product, which is part of our SME range, we have considered the environment in which the hospitality industry is operating, and built a policy that will give businesses the peace of mind and enables them to grow their business.”