APC launch long awaited new Hotels & Guesthouses Product

06/08/08 - A new high limit hotel and guesthouse product has been launched this week to help brokers take advantage of the renaissance of the UK based hospitality market.

The new product, available via our on-line trading platform QuoteMac, provides protection for the full range of UK guest accommodation from small rural bed & breakfasts to large city centre hotels, up to sums insured of £10 million per location. The broad range of businesses catered for also means referrals are kept to a bare minimum when brokers access the product.

The key features of the new product include:

• All Risks cover including Accidental Damage
• Legal Expenses included for £100,000
• Liability cover included for outside catering
• £2,500 personal effects per guest
• Personal money and credit card cover
• High package benefits for glass and money and business interruption and others
• Many optional covers available including household cover for owner or manager, terrorism and theft by employees

Business Development Manager Derek Russell said: “The recent renewed interest in taking holidays in the UK coupled with an increased demand for accommodation for travelling executives has led us to completely redesign our hotel and guesthouse product. By taking advantage of the flexibility offered by our £10 million limit we are now able to offer our brokers instant access to cover for their hotelier clients regardless of whether they run a small B&B or the latest London boutique hotel. “