If your hotel or guesthouse is unlucky enough to suffer a loss or theft of cash or other money, it doesn’t have to spell disaster. Loss of money insurance is a simple add on to your main policy with Small Business Direct.
Handling cash and cheques is part and parcel of running a successful hotel. You’ll probably take a fair amount of cash to the bank on a regular basis too. Whatever the circumstances, if you’re the victim of theft it could mean a financial headache and budget re-think. So it’s worth considering loss of money insurance.
Loss of money insurance can pay out in the event of theft or loss (including in transit) as long as you’ve taken reasonable care in advance. Levels of cover vary, with cover limits of up to £10,000 depending on what you do, and the value of cash you handle. But it could keep the money flowing if something went wrong that wasn’t the fault of your business.
