Pub Insurance: What You Need To Know

The Pub, Restaurant and cafe industry has to operate within a strict regulatory environment and as such this means that your insurance requirements and needs should be carefully considered.

We would suggest that the nature of the business you need to look to have the correct cover in place for the diverse issues attached to the Pub industry ranging from long hours, late closing times, crowded premises and drunken customers , events and parties— you are exposed to a number of risks.

Purchasing appropriate cover for your licensed business can help mitigate risk and ensure your safety and also the safety of your employees and customers. Because not all pubs and clubs operate the same way or serve the same people, covers can widely vary. Your policy should be tailored for each unique exposure, so make sure you assess the specific risks of your pub and purchase the appropriate covers or extensions. The following are some of the most common options of covers included in pub insurance.

As a publican, you are liable for both the physical items you have on premises and the people whwo are on your premises. You should therefore be prepared to offset any damages caused by accidents or acts of negligence.

• Building insurance covers the cost to repair or rebuild the building in which you work from in the event of property damage. This cover can be both premises which you own or improvements you have made to the premises you have made (tenants improvements)
• Stock, Contents / Fixtures & Fittings and Money Insurance – This covers you in the event that it is stolen, damaged or destruction of any loss of stock, contents or money on the premises.
• Equipment Breakdown covers broken machinery/equipment such as point-of-sale computer systems, taps, refrigerators, and ovens or fryers.
• Business Interruption covers the cost of all the income lost as a result of the business not being able to function normally, often brought by a disaster or a material damage to the premises such as fire, flood or theft. This will cover your loss of income for both the time the premises are closed and or losses up to when the premises are 100% back to normal trading volumes.
• Employers Liability (compulsory if you have employees) covers the cost of claims brought about by illness or injury to the employees in the course of their employment
• Public Liability covers the cost of claims brought against a company by a third party whilst on the premises, so if a customers has a slip trip or fall at your premises you may be liable for this injury and any costs that may relate to this including damages, A public liability insurance cover will cover you in the event of this type of incident (subject to terms and conditions).
• Products Liability covers the cost of claims caused by a product made or distributed by the businesses, so think micro brewery or home made food
• All Risks covers specified items when they are away from the work premises, when they are damaged or stolen.

Other Common Covers
Pub insurance can also include the following additional common covers:

• Legal Expenses covers contract and employment disputes, criminal offences, legal actions from third parties, etc.
• Theft by Employees and Third Parties covers employee or third-party theft.
• Glass covers sanitary ware, broken fixed glass, signs and reasonable boarding-up costs.
• Loss of licence which offers a safety net should you lose your licence.

We Are Here to Help
It’s not easy to find the right cover at a competitive price and even harder to find an insurer that understands the unique issues facing the licensed trade. MOBI have both the expertise and access to a wide range of insurers.