Hotel Insurance
Greece, due to its climate and geographical location, is a pole of attraction for thousands of tourists every year, either for the islands during the summer months or for the mainland during the winter months. Tourism is considered as one of the few industries of our country and as one of the most important sectors of development of the Greek economy. Every hotel business tries to secure and increase its visitors every year, as well as its viability. One of the ways to secure the business, is achieved through the study and proper hotel insurance against potential risks.
At Delta Insurance Consultants, we have secured our cooperation with most insurance companies and we also have exclusive contracts with some companies (tailor-made) for hotels.
Indicative cover provided in hotel insurance
- Fire
- Lightning strike
- Smoke
- Explosion
- Fall of aircraft
- Vehicle impact
- Short circuit
- Earthquake
- Storm – Rainstorm – Flood
- Seditions – Strikes – Riots
- Malicious acts
- Terrorist acts
- Under-insurance protection
- Covering newly acquired items
- Cover of theft/damage during safekeeping of customers’ luggage
- Crushing / overflow / leakage of piping
- Leakage from sprinklers
- Fracture of crystals and mirrors
- Theft – Robbery
- Damage from theft
- Damage cost limitation
- Loss of earnings
- Third Party Liability
- Employer Liability
- Swimming pool civil liability
- Third parties coverage for poisoning
- Temporary housing costs
- Relocation costs
- Storage costs
- Employee Assets Coverage
Who may need that cover:
Hotel insurance and hotel liability are addressed to all types of hotels, guesthouses, rooms to let, villas, tourist homes (Air BnB), wherever they are located throughout Greece.
How much does Hotel Insurance cost:
The premium for hotel insurance is based on the capital that is about to be covered and the desired coverage against possible dangers. Indicatively, the premium for a hotel that has a construction value of 1.000.000€, starts from 850 Euro annually (premium is calculated with MegaHotel – Lloyds program).
How much does a Hotel Third Party Liability insurance cost:
A hotel civil liability insurance is calculated on the basis of the number of beds (or rooms) of the hotel and the capital of the desired coverage. The premium indicatively starts from 0,85 Euro per bed (premium is calculated with MegaHotel – Lloyds program).
Other covers for hotel units:
• Travel Insurance
• Vehicles insurance
• Legal protection
• Cyber insurance
• Cover of management staff of hotel units (D&O)
