Archive for the ‘pub insurance quote’ Category

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Pub insurance quote

Tuesday, July 6th, 2010

What is the best way, in 2010, to get a pub insurance quote? This is an extremely difficult question if you sit down at your computer and Google this. You only get a list of 294,000 websites to choose from!

How do you know which one is the best one to visit and will get you the best possible price? This does not have to be a needle in a haystack scenario. Most of the Google hits you are going to get are from business insurance brokers, these are the people you need to go to. Others, will be from single company commercial insurers.

So, why should you go to a broker and not go direct? The simple answer is choice. You do not go to an off-licence that offers one type of beer and one type of wine. What you do is go to one that lets you choose different types, colours, strengths, brands and costs.

It is the same with your insurance, companies that only offer business insurance direct will only offer the one policy. A broker however will be able to go to one, two, three or however many insurers they want to get you the best deal.

There is such a difference in price between the top and the bottom that you cannot possibly be expected to check through every single quote, and the cover and service they provide, yourself.

You could get one quote at £650 and another at £750, the hundred pound difference is important, short term, but what happens if you pick the cheaper one and then find out it is missing some important cover? This is where you realise that the hundred quid you saved is immaterial as your £5,000 claim for an employment tribunal claim goes nowhere as you do not have the cover.

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Pub insurance – do your insurers know about your cellar or basement?

Tuesday, March 30th, 2010

When providing a pub insurance quote, you will find that most companies ask you a set list of questions. They will then go away and approach 4 or 5 commercial insurance companies and get them to provide a quote.

What happens next is that the insurers provide a “quote”. Legally, this must be a combination of both a price, or annual premium, and details of the terms, conditions, excesses etc (the policy) that applies. Just getting a price is absolutely meaningless, you need to see the terms as well to see whether the price is worth paying.

Within these terms and conditions there are certain assumptions made. With pubs and licensed trade premises, any stock or business contents stored within a cellar can have quote onerous conditions applied to the cover. These can range from the exclusion of any damage caused by water (flooding or burst pipes) through to an increased excess for water damage.

You need to declare to your broker that you have a basement or cellar and ask them to get you a quote with the smallest excess for water damage, but only if you store stock or contents in the cellar. Most pubs keep their beers in the basement, even though the barrels are aluminium, if they get wet then Health and Safety will say that they cannot be used, so you need to have suitable insurance cover in place to replace ALL of your stock in the event of loss or damage.

Most policies will have a standard excess of £250 for every claim, depending on your flooding history at the pub, you should be able to get cover without this excess being increased.

Posted in commercial insurance, pub insurance quote | No Comments »

You’ve signed the lease – now you need pub insurance

Wednesday, March 17th, 2010

To say that the end of 2008, all of 2009 and what is likely to be most of 2010 are tough economic times is of course an understatement of epic proportions. Even Gordon Brown will admit that due to a combination of world economics and mis-management of the UK economy every business is suffering. For example, we have just had reports that Scottish retailers have had their worst February since records began.

But, there are tentative signs of the entrepreneurial spirit throughout the UK. The government has tried to squash this but us entrepreneurs are made of sterner stuff.

We are seeing, for the first time in at least a year, an increase in the volume of new pub insurance quote requests. When we say new, this is not simply new enquiries to us, but people taking on a new lease. Back in 2007 when there was so much money (debt) in the economy new pubs where all the rage, nowadays though this activity has dipped.

So, if you are someone who has finally taken the plunge and realised that, if you put your mind to it, you could actually run a very tight ship, then you will have a whole host of administrative items on the agenda.

One of these, which you may feel is OK to push down the list (but this should be in your top three) is business insurance. If you don’t employ anyone, you may feel that you do not need it and that it is a luxury you can do without. But, please don’t ignore it. A good quality pub insurance package, including commercial legal expenses, can be had for under £50 per month or just over a pound a day.

The way to get the best price for the widest cover is to go to an intermediary and get them to do some searching for you, but don’t, whatever you do, ignore the need for this cover.

Posted in pub insurance quote | No Comments »

You've signed the lease – now you need pub insurance

Wednesday, March 17th, 2010

To say that the end of 2008, all of 2009 and what is likely to be most of 2010 are tough economic times is of course an understatement of epic proportions. Even Gordon Brown will admit that due to a combination of world economics and mis-management of the UK economy every business is suffering. For example, we have just had reports that Scottish retailers have had their worst February since records began.

But, there are tentative signs of the entrepreneurial spirit throughout the UK. The government has tried to squash this but us entrepreneurs are made of sterner stuff.

We are seeing, for the first time in at least a year, an increase in the volume of new pub insurance quote requests. When we say new, this is not simply new enquiries to us, but people taking on a new lease. Back in 2007 when there was so much money (debt) in the economy new pubs where all the rage, nowadays though this activity has dipped.

So, if you are someone who has finally taken the plunge and realised that, if you put your mind to it, you could actually run a very tight ship, then you will have a whole host of administrative items on the agenda.

One of these, which you may feel is OK to push down the list (but this should be in your top three) is business insurance. If you don’t employ anyone, you may feel that you do not need it and that it is a luxury you can do without. But, please don’t ignore it. A good quality pub insurance package, including commercial legal expenses, can be had for under £50 per month or just over a pound a day.

The way to get the best price for the widest cover is to go to an intermediary and get them to do some searching for you, but don’t, whatever you do, ignore the need for this cover.

Posted in pub insurance quote | No Comments »

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