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This is a broad term which is the widest insurance cover that you can purchase. It`s probably not what you would normally think of as an `accident` as it is really referring to incidents beyond your control, fortuitous or just not deliberate. You some times see this on `Motor Insurance` policies where the cover is not as wide as `Comprehensive`.In simple terms this is like a shopping list of individual insurance covers, called perils, that are either available or apply to a specific policy. The list states exactly under what circumstances the insurance cover applies. Effectively these perils are the standard cover provided by the insurer and will differ between each insurer. In some circumstances these may be extended to include Accidental Damage.Guesthouse Insurance is a package of insurance covers designed to meet the needs of most owners and operators of Guesthouses. Typically these are adequate for up to 20 letting rooms, with larger Guesthouses being rated on an individual basis.
Because of the reduced risk of a liability claim these policies tend to have a more simple rating structure that is based around the property values at risk and so they are simple to rate and available at competitive prices.
Under this type of policy we tend to promote cover on an ‘Accidental Damage’ basis but some insurers still only offer ‘Standard Cover’ with any ‘Accidental Damage’ cover being an optional extra. When asking for a quotation it would be helpful to know which basis of claims settlement you would prefer.
Under a standard form of Hotel & Guesthouse policy you would normally expect to see cover for:-
• Contents including seasonal increase on stock
• Business Interruption
• Damage to Glass
• Loss of Money in transit or in a locked safe overnight
• Refrigerated Contents
• Public and Products Liability
• Employers' Liability - £10,000,000 limit of indemnity
• Goods in transit
• 24 hour Legal Helpline
• Index Linking
• Guests Personal Effects
• Refrigerated Contents
• Public and Products Liability
• Employers' Liability - £10,000,000 limit of indemnity
• Goods in transit
• 24 hour Legal Helpline
With potential Optional extensions for:-
• Accidental Damage on Contents
• Buildings
• Accidental Damage on Buildings
• Subsidence
• Full Theft Day 1 cover
• Insured's Personal Contents and Money
• All Risks on Portable Property
• Loss of License
• Legal Expenses
• Theft by Employees
• Electrical or mechanical Breakdown of Equipment
• Computer Breakdown
• Terrorism
• Guests Personal Effects
• Property in the Open
