What does Hospitality Insurance Cover?
The past year has been challenging for Ireland’s hospitality sector. As the industry prepares for a comeback, reviewing your current insurance cover is more important than ever. Protecting your business now ensures a secure future.
Hospitality Insurance applies to hotels, guesthouses, B&Bs, pubs, restaurants, takeaways, and entertainment venues. Due to high footfall, having the right cover is crucial to safeguard your guests, customers, staff, and business.
What Does Hospitality Insurance Cover?
Hospitality Insurance includes various types of cover designed for hospitality businesses in Ireland, such as:
- Property Damage Insurance â Covers damage caused by fire, flood, storm, theft, and other perils. Protection extends to structures, fixtures, fittings, contents, and stock.
- Business Interruption Insurance â Ensures income protection in case of revenue loss, helping with bills and maintaining a good reputation with clients and suppliers.
- Employers Liability Insurance â Covers claims arising from employee injuries or accidents at work.
- Public Liability Insurance â Protects against financial losses if negligence, actions, or property conditions result in third-party injury or damage.
- Products Liability Insurance â Provides cover if supplied goods or food cause damage, injury, or death.
- Engineering and Inspection Insurance â Ensures compliance with Irish health and safety regulations by covering inspection costs for statutory items such as lifting and pressurized equipment.
- Legal Expenses Insurance â Covers legal costs for defending or pursuing civil actions related to employment disputes or audits.
- Cyber Liability Insurance â Protects against financial losses from cyber-attacks and data breaches.
Do I Need Hospitality Insurance?
While not legally required, comprehensive hospitality insurance is highly recommended for businesses such as:
- Pubs
- Restaurants
- Gastropubs
- Cafes
- Takeaways
- Catering companies
- Mobile caterers
- Guesthouses
- B&Bs
- Hotels
- Entertainment venues
Businesses in these sectors face risks daily. Potential hazards include slips, trips, falls, regulatory non-compliance, and cyber threats. Despite best efforts, accidents can happen, making insurance vital for business continuity.
Choosing the Right Level of Hospitality Insurance
Most hospitality businesses require Public Liability, Employers Liability, and Property Damage Insurance at a minimum. At Phelan Caswell Insurances, our experts assess your risk and tailor cover to match your needs. With over 150 years of combined broking experience, we deliver customized insurance solutions.
Get a Hospitality Insurance Quote
Contact our experienced team today for a competitive hospitality insurance quote tailored to your business needs.
Contact us today to learn how we can help safeguard your business in 2025 and beyond.
Phelan Caswell Insurances. Protect your business, your reputation, and your future.
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