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It's fair to say that people in the UK are pretty much spoiled for choice when it comes to eating and drinking. Yet while many of us are busy sampling the delights on offer, it's also worth noting that the hospitality industry is one of the largest employers in the country. And for those who are running their own pubs and restaurants, as opposed to the big chains, doing so comes with its own distinct set of challenges.
Keeping on top of things
Not only can the hours be long and the workload stressful, there are issues in getting the right staff, dealing with (sometimes troublesome) customers and running at a profit. The latter is difficult enough at the best of times, what with competition from other establishments as well as increases in prices, but it can be made almost impossible by unforeseen circumstances such as fire or flood damage, for instance. That's why appropriate pub insurance or restaurant insurance can mean the difference between success and failure - and Direct Line for Business can help.
Here are just a few of the things that can go wrong and just how Direct Line licensed trade insurance can protect you:
- Damage to your 'assets' - storms, flooding, water leaks, fire or vandalism could close your business down either short-term or for much, much longer. The right business insurance can make sure that both the contents of your business as well as the building are covered should this happen.
- Theft - it's an unfortunate reality, but thieves regularly target businesses. Being insured means that the loss won't cut into your takings.
- Accidents to customers - it's always possible that a customer could have an accident while on your premises, the most common being a slip or trip injury. If they have to miss work or other costs are incurred, they may want to claim it back from you - Public liability insurance is included as standard in most Direct Line for Business insurance policies.
- Accidents to staff - similarly, someone working in your pub or restaurant could have an accident. Consider the many potential hazards in a kitchen or a pub store room. Making sure you are covered with Employers' liability insurance should an accident happen could help prevent sizeable claims.
- Business interruption - there are times when your business may have to be closed down through no fault of your own, such as prevention of access to the premises as a result of damage to a neighbouring property, or failure of a public utility or failure of a supplier of goods to your premises. This may be short-term but could be longer and you will be losing valuable income, so a business insurance policy from Direct Line can cover you should this occur.
Make sure you check the terms and conditions of the policy before you buy to ensure you are covered for business interruption for an amount that is suitable for your business.
As a Direct Line for Business policyholder you can also cover yourself for loss of license, personal accident, accidental damage, loss of money, goods in transit and a number of other issues.
Get a Restaurant / Pub Insurance quote in minutes on this website, and in the relevant sections you'll find more detail on what our business insurance policies cover.
Related information:
Employers' liability insurance - pub or restaurant workers are vulnerable to accidents - make sure you're covered in case they need to make a claim.
Public Liability Insurance - imagine someone slips on a spilt drink and are injured. It's for accidents like this that you need to have public liability insurance.
Guest House Insurance - we also offer cover for hotel premises.
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