If you take even a quick look at most standard commercial insurance policies, then you may think that they all offer pretty much the same levels of cover. This may be true with the more common types of features and benefits but, if you run your own restaurant, will this be enough for you? You probably know yourself that your business is a lot different to other businesses out there. Therefore, a specialist restaurant insurance policy could be the way to make sure that you and your livelihood are properly protected against the unexpected.
Think about your needs. Running a restaurant may have similarities to running a shop or a café but it isn’t exactly the same and maybe your insurance cover should reflect this fact. The kinds of things that cause insurance claims in the first place may, in some cases, have a more serious impact on your business than they would on businesses operating in other sectors.
So what might be important to you? Firstly, you may need to think about getting maximum protection in case something does go wrong.
* How might you cope if your restaurant was targeted by a group of kids who found it funny to break your windows? Glass replacement cover could help with the emergency boarding up and window replacement if this happens;
* What if you have a major power cut when your restaurant is closed and you lose all the contents of your fridges and freezers? Freezer cover could be a sensible option to consider;
* A customer that trips up on some loose carpet in your restaurant and injures themselves may well sue for compensation. With public liability insurance this won’t come out of your own pocket if you are found to be legally liable.
Of course, these are just examples of what could threaten your business financially.
As a business owner dealing with your own staff and of course your customers you may also want to take some time to think about them when you think about your restaurant insurance cover. You must, by law, have employers’ liability insurance to protect your staff if you employ people (though there are exceptions).
Public liability insurance may not be a legal requirement but you may find it essential, for reasons as highlighted in the third point above.
Let’s face it, you wouldn’t go to a hamburger restaurant and expect to eat a curry. Nor would you go to an Indian restaurant and ask for a burger. People specialise in their chosen fields and the insurance industry really is no different. A restaurant insurance policy may simply suit your needs better and give you and your restaurant – as well as your livelihood – optimum protection if something does go wrong.
Fiona Kent is the Marketing Manager at yourinsurance.co.uk, specialist insurance brokers providing public liability cover for small and medium sized businesses. Catering for over 500 professions, to complex public house and multi-location retail businesses, We are experts in ensuring you have the right business insurance in place.
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