Public Indemnity Insurance For Business

If you own a pub or restaurant, protecting your business is important, since this is your source of income. There are many things that can go wrong in this type of business, for example, a member of the public might slip and injure themselves. Having the proper type of coverage is important, and your insurance broker may recommend some of the following types of coverage for your pub or restaurant:

Business Contents

This insurance basically covers the contents of your restaurant, such as the furniture, linens and anything else that you have purchased for the business interior which may become damaged and needs to be replaced.

Public Liability

This covers any injuries that a member of the public may suffer in your pub or any damage that has been done to their property.

Product Liability

Product liability covers you against any illness that a person suffers from the food or drink that you served in your restaurant. This coverage will handle any medical bills or expenses that the sick person has incurred.

Employers Liability

Having employees is essential for running a successful pub or restaurant, but there are also risks to having people work for you. Employer's liability will protect you against any damages or legal costs if one of your employees is injured on the job.

Building Insurance

Of course, you must also insure the building in which your pub or restaurant is located. In the event of a fire, flood or other natural disaster, your building will be covered so that you can either rebuild the restaurant or use the proceeds to purchase another one elsewhere.

How Much Insurance Do You Need?

The amount of insurance you need will depend on many factors. Firstly, you should consider the cost of the building and contents, as you will want to cover the amount you paid for these items. Having too little insurance coverage will mean that you will not receive adequate compensation if the building and contents are damaged. Secondly, you should also consider the size of your business, as a larger pub or restaurant will naturally require more insurance coverage than a small one. The number of employees that you have is also a factor, as more employees will need to be covered under the employer's liability coverage. A good insurance broker can discuss your options with you and help you to arrange an insurance policy that meets your needs.