Why some hospitality risks are harder to place

Insurer appetite can be affected by late trading, liquor sales, entertainment, cooking processes, building construction, fire protection, claims history and business interruption exposure. The combination of these factors can move a venue outside standard package appetite.

Insurance commonly considered

Depending on the venue, insurance may include property, business interruption, public and products liability, machinery breakdown, money, glass and commercial motor.

What insurers may request

Underwriters may seek turnover splits, liquor percentage, trading hours, occupancy details, kitchen and extraction information, security arrangements, fire protection, claims history and building construction information.

Clear presentation of the actual venue

Not every hospitality business has the same exposure. We focus on accurately describing how the venue operates so insurers can assess the actual risk rather than a broad industry label.