For the attention of people who want to know update them on possible insurance claims.
Objectives: The purpose of the report is to summary damage suffered by the earthquake. To coincide the covered of insurance.
Background: On 4 September 2010, First struck at 4.30 a.m., No deaths or serious injuries, but serious damage to buildings in city centre. Power and water supplies restored.
1) Public liability insurance: that none of the 155 guests were injured in the earthquake. However, compensation claims from guests in the future, we’re covered by our public liability insurance.
2) Property (all risks) Report that to building is structurally safe. But has repairs chimneys, cracked walls, and window replacement needed. Estimated cost NZ$300K.
3) Employer’s liability insurance: We are glad to report that not have employers or staff were injured. they are would receive treatment through public healthcare system and senior staff have private health insurance provided through company.
4) Business interruption insurance: Report that company will have to cancel and refund advanced bookings (40% of rooms) or offer rooms in airport hotel. Estimated cost NZ$300K and region for holidays toorims.
5) Conclusion : No staff or guests injured and one of hotel functioning normally.