Canarisk knows very well what the insurance needs of hotels in the Canary Islands are. The All Risk Hotels insurance is one of the essential insurances for the hotel sector, with which you will protect your establishment against the numerous risks to which it is exposed.
Why do Canarian hotels need All Risk insurance?
Hotels are exposed to numerous situations of risks and unforeseen damages that can cause serious economic losses if you do not have an adequate insurance program. This All Risk or All Risk modality insurance is designed for large companies, and specifically for Hotels, which due to the volume of activity and capital need greater insurance protection.
What does the All Risk Hotel insurance cover?
As indicated above, it is an All Risk insurance modality, covering any sudden and unforeseen event that is not expressly excluded in the insurance contract. In this way, it is the insurer who must prove the non-coverage of the claim.
What other coverage does the All Risk Hotel insurance include?
Specifically, this type of insurance may include other coverage:
- machinery breakdown
- breakdown of electronic equipment
- Impairment of refrigerated merchandise.
Is the loss of profit covered in the event of an accident in a Hotel?
The profit loss guarantee can be included in the All Risk Material Damage insurance. This guarantee covers lost profits in the event of partial or total stoppage of the activity due to an accident covered by the policy.
Is civil liability covered in the All Risk Hotel insurance?
This type of insurance allows you to contract the optional guarantee of Civil Liability for damages to third parties. Although from our experience we advise hiring a specific Civil Responsibility policy.
Does the Hotel All Risk insurance cover theft of customer belongings?
The All Risk insurance for Hotels in the Canary Islands that we design in our insurance brokerage in Tenerife and Las Palmas, include coverage for theft of customer property in rooms or safe deposit boxes, including theft of cash and jewelry. At a minimum, a minimum of €3.000 per customer is guaranteed.
Is damage to swimming pools and terraces caused by rain or wind covered?
The All Risk Hotel insurance is designed to cover all events that cause damage to hotel facilities. This includes damage caused by weather phenomena, even in the case of damage to outdoor furniture.
