Auto&General offers essential insurance cover designed for hospitality businesses
While South Africa’s tourism and hospitality sector is a key contributor to the national economy, it is also an industry that faces unpredictable challenges that elevate risk levels in comparison with other sectors. Auto&General, one of South Africa’s leading insurers, says there are certain common risks in the hospitality industry in South Africa that make hospitality-specific insurance an absolute necessity.
Those devastating risks
During the past summer, many parts of our country have been subject to unusually high temperatures and what seems to be record-breaking rainfall. The result of these unusual weather events – fires and flooding – pose substantial threats to hospitality businesses, causing extensive damage and prolonged closures. Business interruption is another serious risk for the tourism and hospitality industry. The term refers to a temporary halt or reduction in operations due to sudden and unforeseen insurable events. These disruptions can lead to significant financial losses due to a loss of income and, at worst, be a real threat to the survival of a business. Being in a customer-facing industry also means your business is subject to the risk of bodily injury to guests on your property in the course of your operations, which could involve a third-party liability claim for losses suffered as a result of death or injury.
A safety net
Hospitality insurance is a critical safeguard. Recent fires at popular resorts have not only posed physical threats to guests and staff, but also led to operational shutdowns that affected the livelihood of hundreds of employees. Hospitality Insurance acts as a safety net for your business, enabling it to recover from unexpected events and sustain operations. Proactive risk management through insurance allows for confident future planning, knowing that your business is prepared for potential disruptions. This is why business interruption cover is fundamental. With specialised hospitality insurance, repair and replacement costs following a fire or flood and lost income during the disruption can be covered, enabling recovery and the saving of livelihoods.
Who is it for?
Auto&General’s Hospitality Cover has been specifically designed for businesses such as:
- Hotels
- Conference centres
- Motels and inns
- Game lodges
- Holiday resorts
- Catering services
- Function venues
- Event management
- Country clubs
What’s covered?
Ensuring that nothing is left to chance when it comes to protecting your business, Auto&General Hospitality Cover includes tailored extensions in addition to standard insurance extensions applicable to businesses in general, at no additional cost, such as:
- Cancellations of bookings
- Bilking
- Bush fire/loss of game
- Loss of liquor licence
- Bomb evacuation
- Loss of aesthetic appeal
- Undamaged stock
- Damage to landscaped gardens, water features and statues
- Damage to landscaped gardens, water features and statues – emergency services
- Impact – costs of removing animals, satellite dishes, debris, trees and silt
- Contamination and pollution of fish stocks
- Damage to contents by wild animals
- Discharge of weapons
- Removal of bees and wasps
- Leakage – fire-extinguishing installations/appliances
- Loss of water
- Fatal injury
- Deterioration of stock
- Malicious damage
- Movement of visitor or guest vehicles
- Damage caused by dry-cleaning
- Break-out of wild animals
- Spread of fire
These are just some of the additional extensions that we have on offer.
Protecting the effort, time and money you’ve invested to make your hospitality business a success is essential, so speak to Auto&General for this insurance solution for your business.
Jenny Le Grange, Executive head. – A&G Hospitality Insurance
Text and Photography | Supplied
For more information, call 0861 333 877 or visit autogen.co.za
