Australia’s tourist and hospitality industries are major contributors to our prosperity. Visitors want to experience all that Australia has to offer, including many activities that carry significant risks. Similarly, hospitality providers have a duty of care to their patrons not just to provide safe food and drink, but to preserve their safety on the premises.
Consumers have never enjoyed more legal protection than they do today – nor have they ever been more inclined to assert their rights in court. Even a frivolous claim which is eventually thrown out of course can be extremely costly to defend, and can seriously damage your business and your wealth.
Hospitality providers tend to under estimate the full consequences of a damaging event. Many losses entail a significant period of recovery, during which the productivity of the business is suspended or severely curtailed. Failure to cover business interruption has devastated many a small hospitality business.
The broking team at GSK Insurance includes specialists who understand the needs of hospitality and tourism industries. They will assess the risk profile of your business, identifying the hazards you need protection from, and suggesting an appropriate balance between the risk you should cover and the risk you are willing to retain in the form of excess or deductible. Once this risk strategy is agreed upon, we use our unrivalled access to the insurance markets to obtain your cover under optimum conditions and at highly competitive premiums.
Risks covered by a GSK policy can include:
- Management Liability
- Public and Product Liability
- Workers’ compensation
- Machinery Breakdown
- Electronic Equipment Breakdown
- Cyber Insurance, including Third Party data breach
- Glass damage
- Fire and Storm Damage
- Business interruption
Give GSK a call today, or send a contact request here.