UPDATED: 1st July 2022
New Zealand Hotel Insurance Brokers
Getting the correct hotel insurance coverage can be tricky. Instead we make it easy for you by connecting you to a specialist NZ Hotel Insurance broker.
The fast, simple and 100% free way to request a review and quote of your hotel insurance requirements.
Request specialised insurance coverage designed especially for the hotel industry here today.
Hotel insurance packages tailored made to your specific requirements.
Don’t leave your hospitality business at risk by guesswork and generic online quoting. Choose the smart and easy option instead and engage a broker who understands the industry.
It’s all about getting that confident feeling when you know you have done things the right way.
WHY DO NZ HOTEL OPERATORS REQUEST A BROKER CALL-BACK HERE INSTEAD?
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- takes less than 1min – it’s the quick and easy way to request hotel business insurance quotes
- don’t settle for less, we’ll get you connected to a relevant hotel insurance broker from one of NZ’s largest insurance brokerages
- because getting the right type and amounts of cover for hotel is important
- it’s a 100% free review & quoting service for you to request here
- your hotel insurance broker call-back is usually able to be sorted the same work day as your request
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WHY DO NZ HOTEL OPERATORS REQUEST A BROKER CALL-BACK HERE INSTEAD?
-
- takes less than 1min – it’s the quick and easy way to request hotel business insurance quotes
- don’t settle for less, we’ll get you connected to a relevant hotel insurance broker from one of NZ’s largest insurance brokerages
- because getting the right type and amounts of cover for hotel is important
- it’s a 100% free review & quoting service for you to request here
- your hotel insurance broker call-back is usually able to be sorted the same work day as your request
READY TO GET YOUR HOTEL INSURANCE BROKER CALL-BACK REQUESTED ?
You’re only a couple quick clicks away from getting your hospitality business insurance quotes requested:
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- make your hotel insurance review & quote request here
- we’ll then arrange for relevant broker from one of NZ’s largest insurance brokerage to contact you, usually the same standard work day.
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This is a 100% free service for you – if you choose to accept the quote prepared by your broker requested through this website, that broker pays us a small fee for the convenience of connecting them to you. This does not change in any way the price you would pay either-way.
READY TO GET YOUR HOTEL INSURANCE BROKER CALL-BACK REQUESTED ?
You’re only a couple quick clicks away from getting your hospitality business insurance quotes requested:
-
-
-
- make your hotel insurance review & quote request here
- we’ll then arrange for relevant broker from one of NZ’s largest insurance brokerage to contact you, usually the same standard work day.
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This is a 100% free service for you – if you choose to accept the quote prepared by your broker requested through this website, that broker pays us a small fee for the convenience of connecting them to you. This does not change in any way the price you would pay either-way.
YOUR 5 MOST COMMON HOSPITALITY INSURANCE QUESTIONS ANSWERED
(1) Why do hotels and resorts need business insurance?
If you are a hotel owner or soon to be one, then managing the risks of that business professionally is usually high on the ‘must do correctly’ list.
In the hospitality and accommodation business you know what great service looks like and how to make guests feel important. Attention to the small details and all the work done behind the scenes ensures your customer’s experience is memorable. If you don’t deal with hotel insurance companies on a daily basis, it’s common to feel confused about where to start. The general information on this page will give you a broad overview and starting point. To do things correctly and get confidence in your decisions, you’ll want to engage a hotel insurance broker.
You’ll also be well aware that even with the greatest care and fore-thought, it’s common in the normal operation of any hospitality business like a hotel, resort or motel, for things to go wrong. The financial significance however when things don’t go 100% to plan, for hotel owners and operators, is substantial.
Hotel owners look to manage those risks by holding the correct types and amounts of hotel insurance coverage for their specific business. So regardless of whether it’s a negligence claim that caused them an injury, theft of property, a flood, storm or fire that damages your hotel business operation, engaging a hotel insurance broker right from the beginning is crucial to the overall success.
(2) What hotel insurance do owner/operators need?
Ongoing compliance, legal and financial requirements, requires hotel operators to take a professional approach to protecting themselves, their hospitality business and their staff.
Keeping the wheels of your business spinning when the unexpected strikes, is what having proper coverage is all about. But what insurances do hotel operators actually need? Here is a list of some of the key hotel business insurances. Remember to engage your chosen insurance broker who can help you work through what is and isn’t required for your particular situation:
Hotel Property Insurance – The building(s) that your business operates from is usually the main asset of your business. Should anything happen to it, your business will suffer in direct relation to the degree of damage. Structures within the building such as windows, plumbing & heating systems are even more susceptible to damage within hotels. Hotel Property Insurance can also provide material damage cover for machinery, equipment, stock spoilage, contents etc. from damage caused by fire, storm, theft and other insured events.
Business Interruption Insurance – this type of cover can provide protection for lost business revenue and profit in the event your hotel business is not able to operate normally because of an insured event. With your employees relying on you and potential leases/rental obligations continuing, having the doors to your business closed for weeks or months is a financial risk that has to be managed correctly. Ask your broker about Business Interruption Insurance today.
Hotel Liability insurances – are designed to provide legal liability protection for personal injuries to people and loss or damages to someone’s property while you’re conducting your business. The three main areas of Hotel Liability Insurance are:
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- Hotel Public Liability Insurance – helps protect your hospitality business against liability of personal or property damage occurring when carrying out your business operations.
- Employer’s Liability – helps protect you and your hotel, or resort, from compensation costs should a member of staff suffer injury or illness from a result of the work they undertake.
- Statutory Liability – should you or your business unintentionally not comply with NZ laws, this cover protects against the associated costs of investigation or legal prosecution and fines.
Hotel owners look to manage those risks by holding the correct types and amounts of hotel insurance coverage for their specific business. So regardless of whether it’s a negligence claim that caused them an injury, theft of property, a flood, storm or fire that damages your hotel business operation, engaging a hotel insurance broker right from the beginning is crucial to the overall success.
(3) How much does it cost to insure a hotel in NZ?
Hotel insurance costs are influenced by a number factors such as: hotel location, age, size, staff count, previous claim history etc. Lastly the two other factors that will directly impact the cost to correctly insure a hotel or resort are the types and policy limits that the hotel owner/operator chooses to hold.
Whilst specifically designed hotel insurance packages are available where required, it is well understood that no two hotels are exactly the same. A broker will therefore work with you to establish what coverage amounts are appropriate. Finding the correct cover amounts and understanding your specific hotel risks are why most NZ hotel owners & operators choose to engage a broker here rather than leaving the risk management to online guesswork.
2021 Hotel insurance cost example:
Hotel Region: Waikato
Hotel packaged insurance coverage: Hotel Property insurance($1,000,000), Hotel Contents insurance($230,000), Business Interruption insurance($200,000), Commercial Vehicle insurance.
Total annual premium: $9,950
(4) Do I need Hotel Liability Insurance?
Firstly its important to understand that hotel liability insurance is designed to provide lawsuit protection for personal injuries to people and loss or damages to someone’s property while you’re conducting your business.
Broadly speaking there are 3 main forms of hotel liability insurance being:
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- Public Liability Insurance
- Employers Liability
- Statutory Liability
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Liability insurances are essential for businesses that deal with the public and where there are many third parties involved.
Is hotel liability Insurance necessary? Absolutely. In a hotel, minor or major accidents can occur at any time.
Fortunately for you, purpose built insurance coverage for the hotel industry has been around for more than 20 years. The trick is engaging an business insurance broker to help you navigate the pitfalls and gain the confidence that you have insured yourself and business correctly.
(5) How do I get insurance for a hotel in New Zealand?
Due to the required level and sums involved, typically hotel insurance is attained via a licensed insurance broker. Whilst there are a lot of insurance companies in New Zealand, they seem to only cover simple or small businesses and appear not to have the experience in or dedicated hotel insurance packages required.
The good news is however that there are a number of excellent insurance brokerages throughout NZ to choose from. This website’s online broker connection service can make this process even easier. We work with one of New Zealand’s leading insurance brokerages which has a nationwide broker network with the hotel insurance policies and the experience to help you quote confidently.
Right here you can quickly and easily request a hotel insurance broker from one of NZ’s leading insurance brokerages to contact you right away by completing the request form here.
- Conclusion -
Despite COVID19, New Zealand is and will always be a globally attractive tourist attraction. The hospitality and accommodation industry historically has benefited greatly from this global tourism and travel appetite. Further useful information for NZ hoteliers can be found on the Accommodation Association New Zealand website.
Starting and operating hotel and hospitality business requires a hefty investment. So correctly insuring that investment through a well considered hotel insurance plan makes complete sense.
It’s your hotel business so you’re in the driver’s seat. Your broker will however give you the confidence that you need to know what is and what isn’t essential.
What are you waiting for? Take advantage of a 100% free hotel insurance review and quotation by one of NZ’s leading insurance brokerages. Make your request here now and we’ll organise them to call you back and get things started right away.
** General information only disclaimer
This website does not provide insurance broker services and can only provide general information. The website is designed to simply provide the service of connecting people to a relevant licensed insurance broker. The content within this website is solely for general information purposes and does not provide guidance or advice in any format. This means that the information shown on this website is limited to providing a general idea of some available options however you will need to work out what’s specifically appropriate for your situation or engage a licensed insurance broker to assist.
WE’RE HELPING KIWI’S SAVE TIME AND
MONEY ON THEIR HOTEL BUSINESS INSURANCE QUOTES
ELIZABETH
“It just made things that much easier.”
SAM
” I really appreciate how NZ Insurance Brokers service keeps things simple.”
ADRIAN
“I’ll absolutely use this service again and we’ve recommended this site to number of our friends.”
