Crime statistics have followed a predictable upwards path during the recession. We are seeing break-ins on the increase, whether it is for private houses or businesses.
A few years ago, compute equipment such as laptops and flat screens where quite expensive to buy. As a result, these items were being stolen on a regular basis, even though they are quite heavy. Office insurance policies where particularly badly hit with theft of electronic equipment. Whilst these thefts are still happening, the amount of money thieves get on re-sale of these items is decreasing.
There is a trend with thefts increasing of money as this is something that has an immediate value. Pubs and the licensed trade in general are suffering increased levels of break ins. It is quite alarming how little is stolen in some break ins, compared to the overall damage caused.
If you have a pub insurance policy, you must make sure that you have suitable cash cover. Speak to your business insurance broker and check that you have correct limits for the following:-
a) Cash in fruit machines
b) Cash in vending machines
c) Cash in safe(s)
d) Cash left in tills overnight
e) Cash whilst being transported to or from the bank
Many licensed trade insurance policies have woefully low limits, or no cover at all. Whether your insurance renewal is due or not, give your broker a call and ask them to confirm the limits you have.