Restaurant Insurance – What you need to know

Restaurant Insurance – What you need to know

With any business you need to ensure you have the correct form of business insurance. With a restaurant you need to have restaurant insurance which covers you for general liability, food contamination, interruption of business, the property and so on. Restaurant insurance is different than general business insurance as general business insurance may not protect you for serving food or storing stock within the restaurant premises

An example of a basic restaurant insurance policy

Every restaurant insurance policy differs depending on the insurance company, the size of your restaurant, whether you serve alcohol and so on. Most restaurant insurance policies offer the following:

Ø General Liability

Ø Alcohol Cover

Ø Property Cover (Building and Contents)

Ø Spoilage Cover

Ø Business Income

Ø Workers Compensation

Ø Loss of liquor licence

This type of basic cover can cost anywhere from £1,000 and upwards per year depending on the specifics of your insurance policy.

10 Questions to ask about your Restaurant Insurance policy

When taking out your restaurant insurance it is advisable to check with the insurance company that the policy covers certain things, this can do done by asking these following questions:

1) What is covered in this restaurant insurance policy?

2) What are the exclusions?

3) How many claims can you make within the policy time frame?

4) Does the policy cover a vehicle used for the restaurant, such as a take away delivery van?

5) Is there a maximum amount of staff I can employ under this policy?

6) Are games and fruit machines covered?

7) Are we covered hosting a public event such as a BBQ in the summertime?

8) Is the car park and furniture in the garden covered?

9) If our freezers and refrigerators break down due to electrical faults am I covered for this?

10) I have a childrens play area, is this covered within he policy as well?

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