Talk to us about a tailored Hospitality Insurance Program
Protecting your hospitality business, staff and guests
Businesses in the accommodation and hospitality sector are exposed to a diverse range of strategic and operational risks. Whilst there are some risks that are common across all businesses, many of the business risks vary depending on the type of business, location, target customer demographic and, ownership structure.
Risks, even occurring in isolation, can impede the ability of owners and managers to meet their business objectives. Our specialist Hospitality Insurance brokers can help your business to manage these risks, to:
- Optimise business income
- Enhance brand reputation and customer loyalty
- Maintain property assets within budget
- Ensure patron safety.
Our experienced brokers have been working in the Hospitality sector for over 20 years. We are a strategic partner with Accommodation Australia a division of the Australian Hotels Association (AHA) and the largest industry association representing over 3,500 of Australian Accommodation providers.
Who needs Hospitality Insurance?
Our specialist hospitality insurance brokers are experienced in helping businesses involved in the service of food and beverage, lodging, tourism and entertainment. We provide risk management and insurance advice to hospitality clients all over Australia, with extensive experience advising:
- Hotel and Motel operators
- Hotel and Motel property owners
- Bars, Pubs and Clubs
- Caravan Parks
- Cafes, Restaurants and Bars
- Serviced Apartments
- Student Accommodation
No matter what type of property you’re looking to protect, you can rely on Barrack Broking to help you obtain the right cover by presenting your property to the broadest range of insurers in the most reputable way.
What is Hospitality Insurance?
Most hospitality businesses, such as motels, pubs, and restaurants, are unable to operate without a venue or customers. Accordingly, our suite of insurances are designed to protect hospitality businesses in the event that their operations are threatened by property damage, legal claims alleging breach of duty and the resultant financial impact.
Our team have access to a group of specialist insurers and insurance products, including:
- Industrial Special Risks Insurance – coverage for theft or damage to property
- Business Interruption – financial protection from lost income as a consequence of a property damage claim
- Public & Products Liability – protection from claims by third parties alleging personal injury or property damage
- Management Liability – protection for directors and officers for claims related to the management of the business
- Workers’ Compensation – protection for staff injuries sustained during work
Why Barrack Broking?
While hospitality businesses may have common business objectives and experience many of the same risk issues, there are unique aspects to every situation. These unique aspects demand a tailored approach to risk management and insurance.
Whether your business is a national chain of budget hotels, inner city student accommodation provider, or a busy pub or tavern, we will apply the Barrack Broking Principles to ensure you meet your specific business objectives. We will:
- Review challenges and identify risks
- Present practical advice and recommendations
- Work with you to implement our advice
- Provide ongoing advice as your business changes
Talk to us about your hospitality business
Our specialist team is ready to help you protect your hospitality business, staff and guests with confidence.
Contact Barrack Broking today to discuss a Hospitality Insurance program tailored to your business objectives and risk profile.
