Different aproach:
we can just assume that the circle you want to circumscribe is centererd at the centre of the disk of the Beltrami Klein Model.
and that the segments of the n-gon are just lines in this model.
Then from Euclidean geometry we now from Regular n-gon between two concentric circles
we learn $n \geq \pi/\cos^{-1} r/R $
with $ r$ and $R$ being the euclidean measures
Taking $R=1$ we get $n \geq \pi/\arccos( r) $
Then in the Beltrami klein model we have for the length
$ h = 1/2 \ln(\frac{ 1+r}{1-r}) $
or $r = \frac{e^{2h}-1}{e^{2h}+1} $
where h = the hyperbolic radius of the circle
so putting it all together you get:
$$n \geq \frac{\pi}{\arccos( \frac{e^{2h}-1}{e^{2h}+1})} $$