Insurance
For The North

Specialized Hospitality Insurance Expertise:
At 705 Insurance, our experienced brokers specialize in hospitality insurance and understand the risks unique to this industry. We take the time to understand your business and tailor coverage to protect your property, employees, and guests, providing you with comprehensive solutions that help your business thrive.

Comprehensive Coverage Options:
705 Insurance offers a wide range of hospitality insurance coverage options, including property insurance, liability coverage, and specialized protections for restaurants, hotels, and other hospitality businesses. Our policies are designed to ensure that your business is covered against common risks and challenges in the hospitality industry.

Property Insurance:
Property insurance covers your business's physical assets, including buildings, equipment, furniture, and inventory, from risks such as fire, theft, vandalism, and natural disasters. This ensures that your operations can continue with minimal disruption after a loss.

General Liability Insurance:
General liability insurance is essential for hospitality businesses to protect against claims of bodily injury, property damage, or accidents that occur on your premises. This coverage helps cover legal fees, medical expenses, and potential settlement costs if someone is injured while visiting your business.

Business Interruption Insurance:
If your hospitality business faces a shutdown due to an insured event, such as a fire or natural disaster, business interruption insurance compensates for lost income and ongoing expenses during the recovery period. This coverage ensures your business can survive and recover from unexpected disruptions.

Product Liability Insurance:
If your hospitality business sells products—such as food or beverages—product liability insurance is crucial. This coverage protects you against claims of illness or injury caused by a product you sell, covering legal fees and potential medical costs related to product defects or contamination.

Liquor Liability Insurance:
If your business serves alcohol, liquor liability insurance is a must. This policy protects you if an intoxicated guest causes harm to themselves or others. It also covers legal fees and settlements related to alcohol-related incidents, which are a common risk in the hospitality industry.

Cyber Liability Insurance:
Many hospitality businesses store sensitive customer data, making them prime targets for cyberattacks. Cyber liability insurance helps protect against the costs associated with data breaches, including notification expenses, legal fees, and the cost of restoring your systems.

Umbrella Insurance:
For additional protection, umbrella insurance provides an extra layer of liability coverage that extends beyond the limits of your general liability and other policies. This is particularly valuable for hospitality businesses that face higher exposure to lawsuits or claims.

Flood Insurance:
In areas prone to flooding, flood insurance is an essential part of your hospitality coverage. This policy covers damage caused by rising water, which is often not included in standard property insurance policies. Flood insurance helps protect your property, inventory, and guest services from water damage.

Crime Insurance:
Crime insurance protects your business from losses due to criminal acts such as theft, employee dishonesty, or fraud. This is particularly important for hospitality businesses that handle cash transactions and high-value inventory, where criminal activity can lead to significant financial losses.

Restaurant Insurance:
For restaurant owners, specialized insurance coverage that includes both property and liability is essential. This includes coverage for kitchen equipment, food spoilage, liquor liability, and customer-related injuries that might occur during dining or while interacting with your staff.

Event Cancellation Insurance:
If you host or cater events, event cancellation insurance can help cover costs if an event is unexpectedly canceled due to unforeseen circumstances, such as inclement weather or illness. This ensures that you aren't financially responsible for events that don't go as planned.

Tenant Insurance (for Leaseholders):
If you lease the property where your hospitality business is located, tenant insurance covers your leasehold improvements, personal property, and any liability claims on the premises. This coverage is essential for businesses that do not own the property they operate from.

Equipment Breakdown Insurance:
Hospitality businesses rely heavily on equipment, such as refrigerators, ovens, and HVAC systems. Equipment breakdown insurance helps cover the cost of repairs or replacement if critical equipment fails, ensuring that your business operations are not interrupted.

Get a Quote Today

Don’t leave your hospitality business vulnerable to risks. Contact 705 Insurance for a personalized hospitality insurance quote and let us help you secure the coverage you need. Our experienced brokers are here to tailor a policy that fits your business, providing peace of mind and the protection necessary to thrive in the hospitality industry.