Hospitality

A schedule in this class that does not show one of these raises the finding "usually held in hospitality, not on this schedule". Absence is a question, not a fault: the cover may sit inside another policy or have been declined on purpose.

• Property
  Physical loss of or damage to your buildings, plant, stock and contents from fire, storm, water, impact, theft and the other insured perils, up to the sum insured.
• Business interruption
  The gross profit or revenue you lose, and the extra cost of keeping the business going, while property damage stops or slows you, for the indemnity period the policy states.
• Public liability
  Your legal liability to third parties for injury or property damage arising from your premises and operations, and in the AU and UK combined form for the products you sell.
• Workers compensation (statutory)
  Medical costs, weekly payments and lump sums for employees injured at work or made ill by it, under the scheme of the state or country where they are employed.
• Money
  Loss of cash, cheques and negotiable instruments on the premises, in transit, in a safe or at a private residence, with the injury cover for staff carrying it.
• Deterioration of stock
  Loss of perishable stock when refrigeration or a controlled environment fails, whether from breakdown, power failure or contamination by refrigerant.
• Glass
  Breakage of external and internal glass, signs and shopfronts, with the cost of temporary boarding.

Raises the finding "often needed in hospitality and often lacking, not on this schedule". Worth a written answer either way, so a retained exposure is a recorded decision.

• Cyber
  Your own costs after a security incident (forensics, notification, restoration, business interruption from a network outage, extortion) and your liability to others for the data and systems you failed to protect.
• Employment practices liability
  Defence costs and damages for claims by employees and applicants: unfair or wrongful dismissal, discrimination, harassment, bullying, breach of employment contract.
• Directors and officers
  Defence costs and damages when directors, officers and (under management liability) the company itself are pursued for a wrongful act in managing the business: regulators, shareholders, creditors, employees.
• Machinery breakdown
  Sudden and unforeseen mechanical or electrical failure of plant and machinery, the repair or replacement cost, and where extended the profit lost while it is down.
• Statutory liability (fines and penalties)
  Defence costs and, where the law allows them to be insured, fines and penalties for unintentional breaches of statute: workplace safety, environmental, consumer and corporations law.
• Personal accident
  Lump sums and weekly benefits for staff, directors, volunteers or contractors injured or ill, where workers compensation does not respond (outside work hours, on the journey, volunteers).
• Theft and burglary
  Loss of stock, contents and equipment by theft, and damage caused in the break-in, where the property policy carries no theft section.

Check your schedule against this class

Paste the schedule with a first line industry: hospitality, or pick the class from the list, and the register names the lines from these two tables that the schedule does not show, beside the arithmetic on every line it does. Six lines free, no account.