Raising the bar…
…for tailored insurance for the local pub
Going to the pub is a British tradition, and watering holes across the country are a hive of activity and a key part of communities. We know how important pubs are, and that’s why we pride ourselves on working with landlords to provide custom-made protection. If you run licensed premises, whether it’s a pub, gastropub, or bar, whether you own a small local establishment or a chain of venues, the Full-Time Cover team has the experience and expertise to source the best policy for your business. We shop around, so you don’t have to. Find out how we can help your pub today.
This is designed to protect you if anyone injures themselves, has an accident, or damages their property on your premises. This is important, not only to protect you as a Landlord but also your customers. If a customer fell down the stairs due to a loose handrail or slipped on a recently mopped floor, you would be liable as it’s your responsibility to make sure your premises are safe for the public. Are people tripping over loose vacuum leads? Anywhere that sells alcohol, these measures are particularly important. Public Liability insurance covers compensation claims and importantly, offers you strong legal protection defending yourself. This is vital in what is a stressful situation – having the right cover in place before a situation arises is important and can save big headaches.
If you employ anyone outside your immediate family, it is a UK requirement of law to have employers liability insurance. Employers liability insurance means you are protected if a staff member gets injured or sick whilst at work. Your pub no doubt relies on a rota of hard-working staff, from the front of the house, bar staff, chefs, and porters if you serve food. These staff regularly deal with high-risk situations from dangerous equipment such as fryers, to strong chemicals and potentially intoxicated customers. If anything should happen to your staff, you want to make sure you have protection in place for them. Employers liability insurance can cover any compensation claims and legal costs.
This is only necessary if you own the building. If you lease, then it is typically down to the owner of the building to arrange buildings cover.
However, if you do own the building then you need to work out the rebuild value. Remember – buildings insurance is not based on the market value of the property or what you paid for it – it is the cost to rebuild the property. If you are unsure, speak to us about our desktop valuations.
This protects everything inside the building against theft, vandalism, or damage caused, potentially, by fire or flood. Think about everything. Glasses, furniture, computer equipment. Do you have any stand-out art or decoration? Is the bar specially made somewhere? Think also about personal content for you and your staff.
Although most transactions are contactless these days, pubs can still typically handle a lot of cash. Cash on-site cover offers protection if it’s kept in a locked safe overnight or in transit to the bank.
This covers all stock such as wines, beers, spirits, and food. A common claim on stock insurance is freezer failure. If your freezer packs up and your frozen food is no longer suitable to sell, then it is possible to claim on your insurance policy for the wasted food.
Most pubs will be insured for damage to their buildings and contents from floods, fire, or other unexpected disasters. But these policies often won’t cover you for lost revenue if you’re unable to trade. Business interruption insurance could provide you with funds to pay staff, refill stock and rebuild your business. This is a big one, with lots of important factors to consider, particularly for pub owners.
Business Interruption insurance is usually sold in 12, 24, and 36 month periods. Which period you buy cover for is one down to you and dependent on your business and premium expectations. You need to consider just how long it will take to build your business from the ground up. If you have a fire, will your beloved regulars find another watering hole? How long until they come back? Do you happen to run another pub nearby? Could they drink there in the interim? Business Interruption insurance in many ways is the most important to get right, because the sums involved can be large, and can make or break in the survival of your business should a catastrophe arise. We have seen in many cases, businesses are often underinsured in this area, so it’s important to take time out and give accurate numbers on revenue and wage roll.
To sell alcohol, public houses need to have an appropriate alcohol license. A license could be revoked or not renewed for several reasons outside of your control which is why it is important to protect your pub against such a loss.
Loss of license insurance can offer protection following the suspension, withdrawal, or forfeiture of your alcohol license due to licensing regulations or refusal to renew by the licensing authority. It could cover you for both loss of profit and other expenses reasonably incurred to maintain your gross profit.
GET IN TOUCH
Your business is important to you, and your cover is important to us. We feel you can only achieve the right cover through a quick chat and getting to know you. Our friendly staff knows exactly what to ask, so the chat won’t take too much of your time.
Things that are helpful to know during a call:
What security measures have you got in place? CCTV? Intruder Alarm? Safe model? The more specifics you can give, the better an understanding we get and this reflects in your premiums. Do you have staff training and inductions? What hazardous cooking equipment do you have? Does your pub have later than usual opening hours? If you serve food, how many covers do you have? What is your claims history? If you have any claims, what were they for? And helpfully – what did you do to ensure they don’t happen again?
Yes, please ask about our low-interest instalment plan.