Why You Need Restaurant & Takeaway Insurance

In 2019 alone, the food delivery market was worth £8.5 billion to the economy, mainly due to the growth of online delivery services. The pandemic led to more online orders due to lockdown and social distancing measures.

Now, with the country slowly re-opening, business owners who had to shut down must get ready to serve customers once more. Many venues have remained open, however, since they provided food in the form of takeaway.

If you run a restaurant or offer takeaway, you need to protect your livelihood against certain risks, including some specific to the food industry. Take a look at why you should get insurance.

Why Do You Need Restaurant and Takeaway Insurance?

Running a business can be hugely profitable, but it can also cost you money if something happens. For example, if people become ill after eating your food, they may make a claim against your business. And, if there’s a fire in the kitchen, you may be looking at a financial loss if you’re forced to shut down the business, even if temporarily.

There are several risks associated with a restaurant or takeaway business but, with insurance, you don’t have to worry about them. Because insurance can help protect your venture, you can feel more at ease when running your day-to-day business, instead of stressing out about every little thing.

Getting a cover tailored to your individual business is crucial because each case is different. Your restaurant or takeaway business has different risks than an office job, and it’s important you take that into consideration when picking insurance, instead of opting for a blanket policy.

From natural disasters and theft to allergic reactions and malfunctions, make sure that you leave no room for error – and, as insurance brokers in Bolton, we can help you get the right cover.

Happy waitress waring apron serving customer at counter in small family eatery restaurant. Small business and entrepreneur concept with woman owner in eatery with takeaway service delivery

What Insurance Covers Should You Choose?

Typically, as a business owner, there are some policies you should already have if you’ve been in business for a while. Public liability is a massive one. This insurance covers legal costs (including fees and compensation) in case people make a third-party claim against you due to an injury, for example.

If you employ staff, the law says you need to have an employers’ liability cover, which protects you against legal action due to injuries and accidents associated with the business.

The pandemic has also clearly shown the importance of purchasing business interruption cover. Also known as business income insurance, this policy helps you financially if you lose your income for a set amount of time.

If you already have these policies in place but are looking for better prices, get in touch and we’ll be happy to provide you with a FREE, no-obligation quote today.

As part of your restaurant insurance and takeaway insurance tailor-made policies, you’ll want a comprehensive cover in place so that you don’t have to struggle financially in case the unexpected happens, whether you’re running a café, a fish and chips shop, a bistro or pub, and more.

Some specific products you may want to consider include:

  • Products’ Liability – If you provide a takeaway service, this policy can protect your business against injury or property damage caused by what you’re selling.
  • Glass Cover – While this may not be the first insurance policy that comes to mind when you’re looking to safeguard your business against potential risks, you may benefit from a policy that compensates you in the event of damage to the glazing of your premises, including windows, display cabinets and even your shop front.
  • Money Cover – With this in place, you won’t have to worry about money theft from your business or when it’s being moved to or from the bank.
  • Asset Insurance – Your building will have several features, such as roller shutters and cooking appliances. In order to keep them protected and being able to replace them if they get damaged or stolen, for instance, you must make sure everything is covered in your policy.

There are many other options to take into account but, because your restaurant, pub or café will be different from other venues, you should discuss your individual needs with an insurance expert.

Coffee shop worker taking order over phone

How IC Insurance Helps

There will also be some insurance policies that you don’t need as a restaurant owner, so it’s important that you select the right options for your business. IC Insurance has many years of experience in the industry, so we can help with that.

We can also search all companies for the best quotes at the best prices so, instead of spending hours researching insurance, you can use that time to focus on growing your restaurant and takeaway business.

Over the years, we’ve built strong relationships with many insurers as well, meaning we can find an insurance cover custom-made to your business’ needs. This is one of the many benefits of using an insurance broker.

Contact us today on 01204 565600 (or send us an enquiry to info@icinsurance.co.uk) to learn more about our services.

We are a team of experienced insurance
brokers working together with our customers to understand and fulfil their insurance needs.
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