In addition to buildings cover you should also take out contents insurance to cover the furniture, décor and stock that are essential to keeping your hotel running against theft or damage.
Insurance providers often describe 'contents' as all the things that would fall out if you turned your house or hotel upside down. So that means furniture, lamps and decorations are contents, but walls, ceilings, bathroom fittings and kitchen cabinets come under buildings insurance. Carpets are the exception to the rule and usually come under contents insurance.
Make sure you add up the value of all the contents from the teaspoons to the TVs, the kitchen equipment to the linens.
You’ll also need to consider guest contents cover when choosing your hotel insurance. Covering guests’ contents as part of your hotel policy means all your customers’ belongings are protected if they are stolen or damaged. It’s a legal requirement in line with the Hotel Proprietors Act 1956 so you can be liable to make good the loss or damage, even if it wasn't due to your fault or any of your staff. The amount of cover you need depends on how many guests might be staying at your hotel at any given time.