Hospitality

Insurance Coverages for Hospitality Businesses

The hospitality industry in Nova Scotia is changing, with a wide range of business categories experiencing expansion and growth. Consider these key hospitality business insurance coverages.

Commercial Property Insurance

Protects your physical assets such as building, stock, equipment and computers, including equipment removed from your premise. Examples of this could include your property being temporarily in tranist or while at a client’s business

Business Interruption

Also known as Business Income Insurance, this is a type of insurance that covers the loss of income that a business suffers after a disaster.

Equipment Breakdown Insurance

Equipment Breakdown Insurance provides coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers.

Commercial General Liability

Commercial General Liability

Protects your business if you’re found legally liable for injuries or property damage caused by your employees, completed work or accidents on your premises involving visitors or customers, or at your customer’s location.

Insurance Insights for Hospitality Businesses

Insurance Insights for Hospitality Businesses
If you operate one of these hospitality businesses, here are a few reasons to protect yourself with the right insurance coverages.

  1. Why do Restaurants need insurance?

    Whether you operate fine dining, casual dining, or a food truck, as a restauranteur you will face a number of risks. This may include property damage to food contamination, all of which could force the you to close their doors. Without insurance, owners could face significant costs such as business interruption and legal fees.

  2. Why do Breweries & Wineries need insurance?

    Brewers and winery operators face a range of risks, from damaged production equipment to contamination of stock causing a recall of your product. Protect your business against the potential of significant costs with the right mix of insurance coverages.

  3. Why do Bar/Pubs need insurance?

    Owner of bars and pubs face a variety of risks. Whether your property is damaged in a windstorm or a patron is overserved and is injured. Without insurance owners could face significant costs which could hurt their business operations.

The Bauld Process

When you engage the Bauld Team for your insurance needs, you will appreciate our Commercial Advisors depth of insurance knowledge and their hands-on personal approach.

Frequently Asked Questions

  1. Someone becomes ill from your product

    If you sell or manufacture any product as part of your business, property damage or personal injury that occurs to any third party from use or consumption of that product is your responsibility. Costs to alleviate the situation could include; costs to recall your product satisfy the cost of injury to the third party and or repair your reputation in the community.

  2. Your credit / debit machine is hacked

    Your business will be held responsible for any theft of customer information that was entrusted to you by use of your debit/credit machines. If your equipment is compromised and customer information is stolen, fines and or legal fees to repair the situation could be enormous for a small business.

Is Your Business Well Protected?

You work hard to make your business successful. Find out how our Bauld Commerical Insurance Advisors can help you better protect your business.