Your restaurant business has taken off. You have a stream of customers, tables are booked up months ahead and your chefs are the crème de la crème. It’s everything you dreamed of — your passion is now your livelihood, so what could possible go wrong?
Life is full of surprises, and they aren’t all the nice type. From faulty freezers to court cases, read on to find out why your restaurant needs insurance.
Theft
Your daily takings are the reason you’re in the business, right? In that case, they are your most precious commodity, so why wouldn’t you insure them? From cash in the till to the stash in the safe, money cover will give you peace of mind that you’ll be putting food on the table for years to come.
Injury and illness
A customer trips over a table leg and breaks a bone or falls ill after eating your prawns. Suddenly your chef whites are swapped for your finest suit. It’s your day in court. Public liability insurance covers you for these eventualities, as well as protecting customers’ possessions whilst they are on site.
Breakdown
That feeling of dread when you walk into work to see a puddle of water on the kitchen floor can’t be mitigated, but the financial implications of your commercial freezer having a tantrum can. The breakdown of your freezer, cold store, cookers, or ventilation systems can cost thousands of pounds, so this may well be a sensible area to consider insuring.
Licence issues
If your alcohol licence is unfairly suspended, your can find yourself in a bit of a pickle. Without an alcohol licence, your stream of customers may diminish to a trickle and that can hugely impact your finances. Insurance can cover you for this eventuality, but there will be exceptions, so do check your policy carefully.
