We specialise in hospitality risk management and tourism insurance coverage, including, building a cost-effective property insurance program, especially in catastrophe prone regions around the world, and structuring business interruption and contingent business interruption programs to help protect your income flow when a storm, flood, event cancellation or other risk turns away guests.

INDUSTRY

Hospitality & Tourism

Supporting the hospitality and tourism industries and its professionals

Contact Us

We understand the complexity of the hospitality and tourism industries

We specialise in hospitality risk management and tourism insurance coverage, including:

· Building a cost-effective property insurance program, especially in catastrophe prone regions around the world

· Structuring business interruption and contingent business interruption programs to help protect your income flow when a storm, flood, event cancellation or other risk turns away guests

· Developing effective programs to reduce employment practices liability and mitigate claims

· Handling the unique coverages for hospitality providers, including liability around valet or other guest services provided which may be land based, marine or aviation

· Managing executive risks for real estate investment trusts and others

Our Expertise

We have extensive experience in the design, placement and administration of New Zealand hospitality insurance programs, including:

· Material damage/Business Interruption coverage for all types of assets and including Prevention of Access and Event Cancellation .

· Property owner’s, and operator’s liability including Worldwide territory and jurisdiction · Risk Management

· Specific insurance requirement including, cyber, valet and guest parking and any other guest services offered

· Claims management

· We also have an extensive suite of complementing products and services to transfer and/or manage the risks that owners and managers face including Captive/ART programmes and Employee Benefits programmes

Key Contact

Placeholder image

Ian Fair

Executive Manager
Ian.Fair@lockton.com
+64 27 220 1617

We're here to help

We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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Latest news and insights

Recent research published by New Zealand’s Financial Services Council (FSC), titled the Financial Resilience Index, has revealed that an increasing number of New Zealanders are experiencing financial worries, with 56% expressing concern about money on a daily or weekly basis. How Group Employee Benefit Plans can alleviate staff financial concerns

Inside Risk: Mitigating the risk of hot works

Hot works continue to be one of the main causes of substantial fire loss in commercial premises, resulting in property damage, business interruption, and potential loss of customers. It can ignite combustible materials nearby and potentially more distant from the work area during or after the hot work activities. Hot works continue to be one of the main causes of substantial fire loss in commercial premises, resulting in property damage, business interruption, and potential loss of customers. It can ignite combustible materials nearby and potentially more distant from the work area during or after the hot work activities.

What is Captive Insurance? A Comprehensive Guide in 2024

“Captives insurance” or “captive insurance companies” are industry terms that are often misunderstood or unfamiliar to insurance buyers. 

Captives serve as a vehicle for organisations seeking a long-term, strategic approach to managing risk. As part of a comprehensive risk management program, a captive offers its owner greater control and improved governance over risk financing strategies. 

It provides a formalised framework and discipline for funding self-insured risks and offers broader access to reinsurance capacity for risks the organisation prefers not to retain. This helps smooth volatility and leads to a lower total cost of risk.“Captives insurance” or “captive insurance companies” are industry terms that are often misunderstood or unfamiliar to insurance buyers. 

Captives serve as a vehicle for organisations seeking a long-term, strategic approach to managing risk. As part of a comprehensive risk management program, a captive offers its owner greater control and improved governance over risk financing strategies. 

It provides a formalised framework and discipline for funding self-insured risks and offers broader access to reinsurance capacity for risks the organisation prefers not to retain. This helps smooth volatility and leads to a lower total cost of risk.

The benefits of separating fine art and specie from property cover

Fine art and specie, particularly when they are of high value, tend not to be appropriately insured when included in property cover as they often require more specialised attention. Understanding the different treatment fine art and specie require in the underwriting process is crucial to restore the value of these assets following a loss event. Fine art and specie, particularly when they are of high value, tend not to be appropriately insured when included in property cover as they often require more specialised attention. Understanding the different treatment fine art and specie require in the underwriting process is crucial to restore the value of these assets following a loss event.
See all news and insights

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