We all know that most suppliers will give you a discount if you buy in bulk. The question is one that you could consider for pub insurance as well as most other types of cover.
Of course, there is a difference between buying 20 tins of paint and getting a couple of business insurance policies. You have two ways of getting cover for your pubs, and both of them can offer different benefits.
The first one is to get a single policy, that covers both or more of your licensed trade premises. The good points are that you only have one policy to worry about, one premium to pay and one renewal date. The bad points are that your premium will be due once a year and unless you pay in instalments, this can take a fair chunk out of your cash profits. You also have the potential of having the whole policy premium increased, if one of the pubs has a claim.
If you have two, or more, separate policies you will need to declare to all insurers if you have had a claim or loss at any other location. But, there is less likelihood of all the policies having an increase applied.
Unless you are a serial “claimer” with an adverse history of claims, most commercial insurance companies will be more than happy to accept the fact that you have a claim or claims. After all, this is exactly why you buy the policy in the first place.
In most of our cases, we will offer individual, separate policies. The insurers will allow an additional discount of say 5 or 10% for every additional policy sold to the same customer, because as far as they are concerned, the loss likelihood is reduced across the range of policies.