The Covid-19 pandemic has brought unprecedented disruption to businesses in an already challenging hotel industry. Throughout 2020-21, establishments across the world were forced to close their doors for extended periods, placing immense pressure on even the most resilient of hotel businesses.
Hotel Capabilities
The Covid-19 pandemic has brought unprecedented disruption to businesses in an already challenging hotel industry. Throughout 2020-21, establishments across the world were forced to close their doors for extended periods, placing immense pressure on even the most resilient of hotel businesses.
Lockton’s dedicated Hospitality Practice has the depth of experience and specialist expertise to help you face these challenges and ready your business for the future. We’ll work with you to develop a tailored risk and insurance strategy that protects your assets, as well as your reputation.
Our global capabilities allow us to respond rapidly to local challenges, and our dedicated claims team delivers support and expertise in attritional or major losses. We work with some of the largest hotel clients across the globe, from luxury hotels, to hostels and lower-cost providers, designing bespoke solutions that are underpinned by analytics and supported by the relevant specialists within our business.
What we bring to your business
Property and business interruption
How we can help: Comprehensive risk reviews and strategy implementation, business impact analysis, audit reviews, bespoke insurance programme design and thorough claims management protocol.
Liability
How we can help: Risk management advise to help minimise personal injury and third party property damage, claims trend analysis, ‘brand-hearted’ claims management service as well as captive and reinsurance support.
Cyber
How we can help: Utilising relationships with market-leading insurers to secure best possible terms on cover, bespoke risk consulting services from our in-house experts.
Directors’ and officers’ liability
How we can help: Support, knowledge and expertise to mitigate D&O liability risks, satisfy underwriting expectations and acquire the appropriate insurance covers and protection.
Environmental liability
How we can help: In-depth reviews to identify potential exposures, designing training programmes for staff, Environmental Impairment Liability insurance.
Brand and reputational risk
How we can help: Real-time AI intelligence to identify threats, protection against financial loss and crisis mitigation, crisis management expertise provided by Beazley, the leading insurer in this space, substantial cover for loss of profits, including advice on reputational remediation.
Special contingency and terrorism
How we can help: Innovative crisis management policies for companies with potential exposure to kidnap, extortion or terrorism from the market’s leading political violence, terrorism and special contingency insurers.
Our services
How we support you
Claims advocacy
Our claims team has supported our hotel clients with a significant volume of loss of revenue claims related to Covid-19, and so far we have successfully recovered tens of millions of pounds for our clients. We have managed to obtain settlements even when our clients did not expect to be covered for the pandemic.
Risk management
Lockton’s risk specialists have extensive experience across a range of disciplines within the hotel sector. We work in partnership with you to establish pragmatic and effective risk control solutions based on your specific risk profile, business needs and goals.
Analytics
Leveraging decades of actuarial expertise, Lockton’s dedicated Analytics team provides bespoke analytics solutions and insights for hotel businesses. By sharing easy-to-interpret data, our experts can help you to anticipate risks, and make better informed decisions.
Our team
Andy Nicholson
Partner - Head of Lockton's Hospitality Practice
andrew.nicholson@lockton.com
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