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Inadequate pub insurance: what are the risks?

Inadequate pub insuranceIf you own a public house, nightclub or bar, an adequate pub insurance policy is essential. As proprietor, you face a range of risks from crime, nature and human error. Unfortunately, every pub, bar and club owner faces a very real threat of theft. After a busy weekend shift you will have a significant amount of cash on the premises that cannot be safely deposited in the bank until the next working day. If your earnings are stolen and you do not have the right pub insurance cover, you will be left out of pocket.

Nature can also wreak havoc when you least expect it. A flood or fire could inflict serious damage to your building and contents. Then there is the cost of replacing stock or repairing furniture and fittings.

Loss of earnings is another risk to consider. If your establishment suffers fire damage, for example, it could be a while before you are ready to open your doors to the public again. Loss of income during repairs could put serious financial strain on your business.

If one of your employees is injured at work, or a patron is injured on the premises, you could face a public or personal liability claim. If the claim is successful, you will be liable to pay compensation to the complainant. Depending on the seriousness of the injury, it could run to thousands of pounds.

Which pub insurance policy is right for my business?
Whether you run a Country Inn, city bar, nightclub or corner pub, you need a pub insurance policy with adequate cover. The last thing you want when you make a claim is to find out that your insurance policy does not cover your exact operational requirements. Where there is alcohol involved, anything can happen; you need to be prepared for any eventuality. An ‘all risk’ insurance policy offers protection from a number of risks including damage caused by storms, floods, fire, explosions, earthquakes, riot and civil disturbance, water and beverage leaks, vandalism and malicious damage, accidental damage, theft by forcible and violent entry as well as full theft.

YOUR Insurance specialists
Understanding the specific needs of your establishment is key when shopping for pub insurance. YOUR Insurance can help you choose the right cover for your business. We offer a range of pub insurance options including public and employer’s liability, business interruption, buildings cover, contents cover, money and assault cover, loss of licence and theft by employees. For a competitive pub insurance quote, visit http://www.yourinsurance.co.uk today.