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Hospitality Insurance

Policy Summary

This document outlines the main benefits and restrictions associated with an Allianz Hospitality Policy. It does not list all of the benefits, terms, conditions, limitations, exceptions and exclusions associated with the Policy, a copy of which is available from the Company or your Insurance Intermediary on request. Some covers are optional and will only apply if you have specifically selected them - the quotation or policy schedule will have details of the sections selected. Please take time to read the Policy and your Schedule to ensure that you understand the cover provided.

You should review and update your cover periodically to ensure it remains adequate.

Material Damage Section

Cover for Damage to Buildings, machinery, fixtures and fittings and Stock resulting from one of the following Perils -

  • Fire, Lightning or Explosion
  • Aircraft
  • Riot, Civil Commotion or malicious damage
  • Earthquake
  • Subterranean fire
  • Storm or Flood
  • Escape of Water from tanks, apparatus or pipes
  • Impact by vehicles or animals
  • Sprinkler Leakage
  • Theft or attempted theft following forcible or violent entry to or exit from the Premises
  • Accidental Damage
  • Option to include Subsidence

Principal Extensions

Cover includes:

  • automatic cover for alterations, additions and improvements of up to 10% of the sum insured on such property insured or €320,000 whichever is less.
  • public authorities - the additional costs incurred in the rebuilding or repair of the property to a standard required by the authorities.
  • reinstatement of the amount of any loss.
  • removal of debris costs - the cost of removal of debris of the damaged property insured.
  • temporary removal of deeds, documents and computer systems records.
  • trace and access - covers the cost of locating the source of escape of water or fuel oil from any tank, apparatus or pipe and subsequent repairs arising directly as a consequence of up to €25,000 for any one loss.
  • locks and keys - covers the cost of replacing locks and keys up to a limit of €2,500 for any one loss.
  • fire brigade charges up to €20,000 for any one loss
  • computer equipment breakdown of up to €25,000 for any one loss
  • metered utilities - covers charges incurred as a consequence of damage up to €13,000 for any one loss.

Business Interruption Section 

Covers loss resulting from interruption of or interference with the Business carried on by the Insured at the Premises in consequence of Damage by an Insured Peril to property used by the Insured at the Premises for the purpose of the Business.

Principal Extensions

Covers interruption or interference with the Business in consequence of:

  • Damage caused by an insured Peril to property in the immediate vicinity of the Premises which prevents or hinders the use of the Premises or access thereto of up to €250,000 for any one Period of Insurance.
  • loss of license cover of up to €120,000.

Principal Exclusions and Limitations (Material Damage and Business Interruption)

Cover excludes:

  • unoccupied buildings unless they are notified to us and specific precautions are taken to inspect and protect the property as specified in the Policy.
  • malicious damage, freezing or escape of water in any unoccupied building.
  • Theft not involving forcible or violent entry to or exit from the premises.
  • Theft, Storm or Flood damage to movable property in the open.
  • frost, wear and tear, gradual deterioration, inherent vice, latent defect.

Money Cover

Includes cover for:

Crossed cheques/postal orders/money orders - limit of indemnity of €250,000

Covers cash and other negotiable money:

  • on the Premises during Business Hours, in transit to or from the bank or in a bank night safe - limit selected.
  • in a locked safe at the Premises out of Business Hours - limit selected.
  • out of a safe outside Business Hours in the Premises up to- €500.
  • damage to safes or strong rooms - limit of indemnity €6,500.
  • money whilst in the personal custody of travellers or collectors - limit of indemnity €1,000.
  • personal assault during the course of the Business
  • death, loss of limb, loss of sight and permanent disablement of up to €12,700.
  • temporary total disablement €65 per week (up to 104 weeks).
  • vouched medical expenses as a result of assault up to a limit of €500.
  • damage to clothing or personal effects up to a limit of €650.

Principal Exclusions

Cover excludes:

  • loss due to dishonesty of any employee, director or partner of the Insured.
  • money in vending machines in excess of €500.
  • loss arising from shortages due to error, omission or depreciation in value.
  • loss from an unattended vehicle.

Employers Liability Section

Cover for legal liability for bodily injury to an employee caused during the period of insurance in connection with your business.

Limits of Indemnity up to €13m (any one claim) are available.

Principal Extensions

Cover includes the legal liability:

  • of anyone for whom you are carrying out work under contract.
  • of partners, directors or employees.
  • for health and safety at work legal defence costs.
  • for temporary contracts overseas.

Principal Exclusions

Cover excludes:

  • travel to or work on an offshore installation.
  • injury caused by a vehicle for which motor insurance is required by law.

Public Liability Section

Cover for legal liability for accidental injury or accidental damage to property (not owned by you) occurring during the period of insurance in connection with your business.

Limits of Indemnity from €2.6m to €13m (any one claim) are available for most trades.

Principal Extensions

Cover includes the legal liability:

  • of anyone for whom you are carrying out work under contract.
  • of partners, directors or employees.
  • for health and safety at work legal defence costs.
  • of a joint insured - if more than one party is named as insured the policy will cover them separately subject to the limit of indemnity.
  • for personal liability arising from temporary trips abroad.
  • wrongful arrest - up to €15,000 for any one incident

Principal Exclusions

Cover excludes:

  • loss of or damage to your own property or property in your custody or control.
  • liability arising from any vehicle or trailer where motor insurance is required by law (other than loading or unloading) injury to any employee.
  • fines, penalties, punitive, liquidated or exemplary damages.
  • arising from any product (other than food or drink served on the business premises).
  • liability arising from asbestos.

Products Liability Section

Cover for legal liability for accidental injury or accidental damage to property caused by products supplied by you in connection with your business.

Limits of Indemnity from €2.6m to €13m (any one claim and in the aggregate for the period of insurance) are available for most products.

Principal Extensions

Cover includes the legal liability:

  • of anyone for whom you are carrying out work under contract.
  • of partners, directors or employees.
  • for health and safety at work legal defence costs.
  • of a joint insured - if more than one party is named as insured the policy will cover them separately subject to the limit of indemnity.
  • for court attendance costs (€500 per day for partners / directors and €250 per day for others).

Principal Exclusions

Cover excludes:

  • repairing, replacing, altering, removing or reinstating any product.
  • exports to the USA or Canada.
  • liability which applies only because of a contract or agreement.
  • injury to any employee.
  • fines, penalties, punitive, liquidated or exemplary damages.
  • liability arising from asbestos.

Legal Expenses Section

Covers legal expenses of the Insured for employment disputes, legal defence, contract disputes, property protection and bodily injury, tax protection.

Principal Exclusions

Cover excludes:

  • any claim reported more than 180 days after the date the Insured should have known about the insured incident.
  • cost and expenses incurred before the Insurer accepts the claim in writing.
  • fines and penalties which the insured is ordered to pay by a court or appropriate authority other than those as a result of an employment compensation award.
  • any incident deliberately caused by the insured person.

Principal General Exclusions (applicable to all sections of the Policy)

Cover excludes:

  • war/terrorism or damage as a result of nuclear accident.
  • damage due to pollution or contamination.
  • any fraudulent, criminal, wilful or dishonest act by the insured or their representatives.
  • the excess - refer to Policy Schedule.
  • loss due to failure in recognising any date as its true calendar date.

Please Note

These products are only available with Allianz via an authorised insurance intermediary, they are not offered on a direct basis.

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