Although not all are legal requirements, it’s a good idea to consider the following as part of your pub insurance package
Public liability cover
If a person is injured or their property damaged due to actions from your business, a public liability policy will cover you for legal expenses. For example, if a person slips on a wet floor or has a hot drink spilt over them, this type of policy will cover your defence fees and in the worst case, any compensation payments.
Employers' liability insurance
A legal requirement for most businesses, employer’s liability insurance covers you for any disputes with former, current or even future staff. This includes cover for employees who have been injured in the workplace and plenty more. What’s more, not having this as part of pub and restaurant insurance package could land you a penalty charge of up to £2,500 for every day you’re not insured.
There’s plenty of expensive equipment used in in the service industry, from vacuum cleaners to industrial-sized freezers. To make sure you aren’t left disadvantaged, contents insurance will cover you for breakages, theft or loss.
The stock in your pub is at risk of spoiling or theft. Cover for stock deterioration will insure you for the cost of ruined food where you aren’t at fault – for example, if there’s an electrical failure in the area. What’s more, these policies usually cover any food delivered after the incident which is unable to be stored properly.
Stock insurance will also cover you for theft. With this kind of pub and restaurant insurance, it’s important to let your provider know exactly what stock you work with to ensure you aren’t underinsured.
As there are a number of very specific risks involved in running a pub, you should also consider the following cover as part of your pub insurance package.
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