Looking for Pub Insurance?
Whether you run a pub, alehouse or bistro, you’ll want to protect it against the financial consequences of damage, break-ins and liabilities. Let’s raise a toast to pub insurance!
Sometimes seen as a sanctuary, a place to celebrate or simply to gather with friends and unwind on the weekend, pubs come with their own set of specialist risks. Pub insurance can help you to cover the costs if something should go wrong – which means you can concentrate on the day-to-day running and pulling those pints.
Who needs pub insurance?
Pub insurance can usually cover the following kind of venue:
Pub insurance classifications
In general, when you’re speaking to insurers about pub insurance, they’ll assign you into one of three categories. Although the criteria will differ between each insurer, there are three main categories that your establishment could fit into – this will help them decide the level of cover you need, and the monthly premium rate too:
Employers’ liability insurance
It’s highly likely that you employ a number of staff at your establishment – so by law you’ll need to get employers’ liability insurance. This helps you to cover any costs incurred if an employee becomes ill or injured during their time at work. They could slip, trip or cut themselves and may want to claim compensation. Employer’s liability can pay for this, as well as both sets of legal fees.
Public liability insurance
With plenty of customers coming through your door (and probably enjoying a tipple or two), you’ll need to have some protection in place. This type of pub insurance covers third parties in case they become injured, ill or have their property damaged whilst at your pub. With spirits often high towards kicking out time, there could be a higher risk of you needing to make this kind of pub insurance claim.
You’ll most likely want to keep your pub in tip top condition. So, if it faces repairs or even an entire rebuild, it could become incredibly costly. Building insurance can help to ease this headache but remember, you only need to take out insurance to cover the cost of the rebuild, not how much you paid for the property.
With an increased chance of theft, vandalism or damage in pubs, contents insurance might be something you want to consider. Don’t forget things like glasses, cutlery, fixtures, fixings, furniture and even slot machines can all fall under this policy – imagine if you didn’t have pub insurance in place, could you afford to replace everything?
No matter whether you’re a drink-only pub, or if you serve gourmet food too, your public house will likely have plenty of food and drink onsite, especially during busy periods. If there was a fire, flood or theft of your stock, it could have serious financial ramifications. You’ll need to replace the lost stock and cover loss of takings too – which could be very expensive.
This type of pub insurance can help you cover these costs and ensure that you’re back up and running as soon as possible.
Pub Insurance – Useful FAQs
Whether it’s for repairs or a rebuild, you might face a period of time when you can’t open. Business interruption insurance can help you to cover the loss of gross profit and help you to cover outgoings until you open again.
It’s more than likely that you’ll want to take out a number of insurance policies to ensure you’ve got the right level of cover. Often insurers will let you bundle policies together so you have one easy monthly payment and renew date to manage.
This would be one of the worst things to happen if you run a pub as you wouldn’t be able to serve alcohol anymore. Loss of licence insurance would help to cover the value of lost business and devaluation.
Take steps to ensure that your pub is secure with:
- Heavy duty locks
- Extra security
- Additional fire prevention and detection systems