Hospitality businesses such as cafés, restaurants, hotels, pubs, bars, and takeaway shops should purchase adequate financial protection through insurance to cover them for their commercial risks.
There are many things that can go wrong in these types of businesses. This includes theft, accidents and injuries, food-poisoning, scalds, fires, refrigeration breakdown and ruined stock.
These types of events can lead to business interruption, lawsuits, loss of revenue and rebuilding/repair expenses.
Types of cover to consider
A hospitality policy package can provide the cover your hospitality business needs. This includes property, contents, public and products liability, glass breakage, theft, and business interruption cover.
Other more specific types of cover you may need include equipment breakdown (e.g. break down of your refrigeration), and stock deterioration (such as when your food items are ruined due to broken refrigerators).
Hospitality insurance can help keep your business trading after a catastrophic event. Get in touch with us if you would like to know more about our insurance products for the hospitality industry.