A pub or bar is a place to meet with friends and family, relax, and have fun. Although customers probably don’t give it a second thought, licensed trade insurance helps them to have an enjoyable experience by protecting themselves and their personal belongings if something goes wrong.
Public house/Pub insurance, which is also referred to as Licensed Trade Insurance, can cover not only the structure, fixtures, and fittings, but also protects the customers if an accident happens. Public liability insurance is, therefore, a vital part of any pub insurance policy as it will cover things like damaged clothing or belongings, or if an injury occurs as a result of something that happens on the premises.
What is licensed trade insurance?
Insurance for this sector covers a range of risks involved in the running of the business including damage or injury that may occur to customers and their belongings. Typically it will cover things like the fixtures, fittings, and stock so they can be replaced if they are damaged or stolen.
It may also cover loss of income, goods in transit, and depreciation in the value of your business if you lose your alcohol sales licence.
All insurance policies for pubs should also include public and employers liability providing cover for injury to members of the public as well as employees.
Do I need insurance for my pub?
Absolutely – Yes!
Anyone who has made an investment in a licensed trade business wants to ensure that investment is protected.
Ensuring you have the correct insurance in place to protect your assets and liabilities allows you to concentrate on the enjoyable part – making a success of your business.
Todd & Cue are expert insurance brokers and can help you organise your pub business insurance as effectively as possible. We will help to ensure that you have comprehensive cover for every eventuality that may occur within your business, as well as make sure, as far as possible, that your premiums are reasonable. We can take away the stress so that you can get back to what you do best, running your business!
