When you take out, or incept, a business insurance policy, you want to make sure that every possible eventuality is covered.
There are, understandably, certain types of cover which cannot be covered. The two main ones are shoplifting and fraud by the owner (including intentional arson).
With most other policies, you will find that there are comprehensive policies that cover most eventualities and more basic policies that only cover certain perils.
The problem you will face, is that whenever you look for a quote, price is the over-riding sales factor. For example, if you look for a pub insurance quote, the chances are you will get a range of quotes with huge price variations.
It is of course tempting to just pick the lowest one, but the problem may be that when you have a claim for one of the lesser known types of cover, you will find that you are not covered.
The post is about beer leakage cover. A barrel of beer will contain roughly 18 gallons, or 140 pints. Many modern pubs do not just connect one barrel up to their beer dispensing systems, some can control a number of barrels form one dispenser.
If this is accidentally knocked or damaged, you can find that you are facing a loss in the many hundreds, if not thousands of pounds, for lost beer. In addition, this leaked beer must go somewhere and the chances are this is going to cause damage as well.
Some policies do not include this cover. So, when you have your claim for the beer lost from three or four barrels, you start to realise that the £100 you saved on your premium was really not worthwhile.
We are not saying that you should always take out the more expensive quote. What we do say is that you need to look for at least three quotes, get them in writing (including email) and spend a bit of time reading through them and comparing the cover under each.
It may well be that the slightly more expensive quote can be paid in interest free instalments, which could give you an instant saving on the price of between 5 and 10% which the cheaper quote may charge for you to pay monthly.
Tags: pub insurance