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Enter e-Mail address below for updatesRestaurant Insurance
This is a broad term which is the widest insurance cover that you can purchase. It`s probably not what you would normally think of as an `accident` as it is really referring to incidents beyond your control, fortuitous or just not deliberate. You some times see this on `Motor Insurance` policies where the cover is not as wide as `Comprehensive`.This is a generic term for a collection of covers that are available only as a standard group. They are usually designed to meet most of the insurance requirements of specific trades or groups of people. Due to their structure they have a simple a quick rating method allowing for a fast turnaround of documents. Packages tend to be `property lead` in that the presumed exposure to Liability claims is low thus they are not generally suitable for high risk occupations. In simple terms this is like a shopping list of individual insurance covers, called perils, that are either available or apply to a specific policy. The list states exactly under what circumstances the insurance cover applies. Effectively these perils are the standard cover provided by the insurer and will differ between each insurer. In some circumstances these may be extended to include Accidental Damage.Restaurant Insurance is a package of insurance covers designed to meet the needs of most restaurants, whether licensed or unlicensed. Some overnight accommodation can insured under this type of policy but a Guesthouse or Hotel Insurance Package may be more suitable.
Because of the reduced risk of a liability claim these policies tend to have a more simple rating structure that is based around the property values at risk and so they are simple to rate and available at competitive prices.
Under this type of policy we tend to promote cover on an ‘Accidental Damage’ basis but some insurers still only offer ‘Standard Cover’ with any ‘Accidental Damage’ cover being an optional extra. When asking for a quotation it would be helpful to know which basis of claims settlement you would prefer.
Under a standard form of restaurant policy you would normally expect to see cover for:-
• Contents including seasonal increase on stock
• Business Interruption
• Book Debts
• Damage to internal fixed Glass
• Theft of Keys and Locks Replacement
• Loss of Money in transit or in a locked safe overnight
• Public and Products Liability
• Employers Liability - £10,000,000 limit of indemnity
• Personal Accident (Assault)
• Goods in Transit
• 24 hour Legal Helpline
• Index Linking
• Refrigerated Contents
With potential Optional extensions for:-
• Accidental Damage on Contents
• Buildings
• Accidental Damage on Buildings
• Subsidence
• Theft by Employees
• All Risks on Portable Property
• Guests Personal Effects
• Increased limit of indemnity on Public and Products Liability
• Loss of License
• Electrical or mechanical Breakdown of Equipment
• Computer Breakdown
• Legal Expenses
• Terrorism
