If you own a restaurant you’ll know how unique your business is. No two restaurants are the same... even restaurant chains can have their quirks.
But if you're an independent restauranteur then your business will be very different to the next. Your premises, furniture, employees, equipment... they're all unique to you. That's why having restaurant insurance tailored to your needs is important.
Public liability cover
Like any business, restaurants could be vulnerable to a claim being made by a member of the public. Someone could become injured at your premises or fall ill as a result of something you have done – or not done – as a business owner.
Restaurant insurance offers you public liability insurance, which is there to cover you against claims made by members of the public. Without these you could be faced with a huge compensation bill which is a financial headache that you could probably do without.
Employers’ liability insurance
If you're not a sole trader and have people working for you, or perhaps under your instruction, then by law you need employers’ liability insurance.
This covers you if your employees are injured or become ill as a result of your negligence as an employer. After you’ve bought a policy, you must keep up to date with health and safety at work regulations, otherwise you may not be covered.
What else might restaurant insurance cover?
One thing you might like to consider is loss of income insurance. Running a restaurant can be costly, but as long as the customers are coming in that’s not a problem. But if you’re unable to open for a while – because of a fire or some other incident, you’ll lose that revenue. Your overheads probably won’t stop, which could put you in a tricky position.
That’s why some restaurant owners opt to buy loss of income insurance. You set the level of income that you would need in this situation, and while the business is closed your insurance would pay you that sum to keep things moving while the business gets back on its feet.
Your restaurant insurance should be as unique as your restaurant. Getting restaurant insurance quotes is a simple and pain free process with our business insurance comparison page. Just follow our questions through and we’ll explain your options as we go. Give it a try!