In a competitive and demanding industry, your restaurant insurance needs careful planning to ensure it caters for every angle.
- Expert advice from knowledgeable staff
- Competitive premiums & Instalment plans
- 24 hour claims helpline
- Fast turnaround and instant cover available
- All types of businesses covered
Insurance cover for a restaurant
Motts Insurance are experts in restaurant insurance and together with our long standing relationships with the leading insurers we will work with you to deliver the solution that best suits your business requirements.
Taking the time to understand your business, our team are there when you need them. From sourcing a restaurant insurance solution that covers your activities through to making a claim, our comprehensive service crosses a wide variety of related areas and can ultimately lead to time savings, risk reduction and cost control.
With access to all of the leading insurers, the restaurant insurance solutions we can arrange are varied and some offer exclusive benefits only available to Motts Insurance.
Key Covers:
- Buildings
- Contents
- Tenants Improvements
- Stock
- Frozen Food
- Loss of Licence
- Money
- Public & Employers Liability
- Business Interruption
Restaurant Insurance Policy Benefits
- Employers Liability up to £10,000,000 as standard
- Public & Products Liability up to £5,000,000
- Seasonal stock increase, included automatically for key seasonal times
- Damage to outside furniture & signage
- Outside catering and goods in transit included on request
- £100,000 legal expenses, including full contract & Tax investigations.
Restaurant Insurance FAQs
Whether you run a traditional Italian restaurant or an Argentinian steak house all restaurant owners need business insurance. A restaurant insurance policy can protect your restaurant from damage and theft on your premises through to expensive claims brought by employees injured at work, or clients who suffer illness from food they have eaten or a trip or fall down some steps. For restaurant owner’s it is important that you sit down with your insurance broker and discuss how much cover you need for the contents which include all your fixtures and fittings, furniture, crockery and kitchen equipment. It’s also essential that you correctly assess how much cover will need for your stock including wines & spirits, food and freezer contents. Most restaurant insurance policies include public liability as standard and If you employ staff by law you are required to have employers liability. Your broker can also talk to you about additional covers such as loss of licence, business interruption and seasonal increases to ensure you have extra cover over busy holiday periods.
If there’s a problem in the kitchen and the food you serve accidentally leads to illness or injury, a claim may be made against the restaurant. As a restaurant owner it is imperative that you are covered in the event of incident causing food contamination especially in respect of customers with food allergies. Product liability can cover you for your legal expenses should you need to defend yourself in court. Product liability will also cover any foods you sell to your customers to consume at home. Things can happen that are out of your control such as a malfunctioning freezer which leads to food going off and subsequently affecting your customers. Product liability is there to cover the unexpected.
Business interruption insurance is normally an additional cover that can be added onto your restaurant insurance policy. Business interruption will cover you for financial loss should you have to close your restaurant due to an insured peril such as a fire, flood, break-in or storm damage. Despite not opening for business, you will still have a number of business overheads to cover e.g., wages, bills, mortgage, rent, bank loans, insurance premium and rates. Loss of Income cover helps you pay the costs whilst your property is being repaired. It’s important the indemnity period in the policy is of sufficient length to allow you to return fully to the same level of trading as before the loss occurred.
The cost of a restaurant insurance policy will depend on a number of factors. As an insurance broker we would look to sit down with you and discuss all aspects of your business. If you own the building you trade from you will need to cover rebuilding cost of the property. Then you need to think about the restaurant interior, how much would it cost to replace the furniture, your kitchen equipment, the stock, the wines & spirits. Next we would need to talk to you about your turnover which effects your public liability, your wage roll which effect your employers liability and your gross profit which is used to calculate your loss of income in case of business interruption. Other factors that need to be considered would be your security, do you have cctv, an alarm or a safe? What about late night opening, do you have entertainment at your restaurant, what are your opening hours? There are many things to consider when taking out a restaurant policy. The insurance premium can be as little as a few hundred pounds for a small restaurant or considerably higher more for an exclusive fine dining establishment. It is really easy to get a restaurant insurance quotation and one of our experienced account handlers can talk you through everything that you need to consider and discuss all the different options available.
As a restaurant owner or chef you may from time to time be asked to cater at events such as weddings, food fairs, festivals and the like. It is important you mention this to your broker as work away from your restaurant will need to be added on to your policy. Most restaurant insurance policies can be extended to cover functions and events and you will be able to cover your equipment, public & employers liability and your stock. Please do not assume that you automatically have cover for events, it is imperative that you check with your broker first to ensure you correctly covered. Event insurance can usually be arranged quickly and is simple to set up.