Pubs and licenced trades insurance
Who it’s for
Running a public house is an extremely busy process. One of the many aspects that you must consider when running a public house is to have adequate business insurance. Most insurers will offer a packaged commercial insurance policy.
Why it’s important - examples
When looking for a pub insurance quote, you will find different areas of cover available, for example:-
Contents insurance
This would cover items such as tables, chairs, glasses, kitchen equipment, fridges, cookers, tills and any other pub contents which are moveable. It would also cover any fixtures and fittings that you have installed, for which you are responsible, such as a fixed bar or laminate flooring.
Buildings insurance
If you lease the premises, you may not be responsible for the commercial building insurance, this would normally be arranged by the brewery or the owner of the building.
You may have a full insuring and repairing lease which will mean you are responsible for insuring the structure, even though you do not own it. In this case you would arrange the insurance and the owners of the building would have their beneficial ownership noted on the policy.
Tenants improvements for example, if you lease the building you may need to insure improvements such as laminate flooring that you “own” and are responsible for)
Stock including alcohol and beers
Tobacco
Business interruption or loss of income
Public, products and employers liability insurance
Deterioration of stock and loss of licence insurance
Personal effects and portable equipment
Goods in transit insurance
Commercial legal expenses
How businessinsure can help
Businessinsure are able to provide a business insurance quote for most types of licensed trade premises. Whether this is a wine bar, public house with bar snacks or restaurant or late opening wine bar.
We have access to an ever increasing number of commercial insurance companies who have specialist package pub insurance policies.
Premiums are competitive, starting at £420 per annum and can be paid in interest free monthly instalments.
More information
There are a number of different types and descriptions of public houses, pubs or licensed trade premises. Businessinsure are able to provide quotations for the following types of public house or pub:-
- Public House or Pub without a restaurant
- Public House or Pub with a restaurant
- Public House or Pub with letting bedrooms
- Public House or Pub with entertainment
- Lock up Public House or Pub
- Public House or Pub with bar food or bar snacks (cooked) Wine Bar
- Unoccupied Pub
- Gastropub
- All types of Bars
- All types of Inns, including those with letting accommodation
If you own a pub, public house or any other licensed trade premises you should consider the following points when arranging your insurance:-
1) What amounts should I insure for?
The sums insured you declare should represent the replacement value or cost if you had to re-build the property or you had to replace your contents or stock.
When considering the re-building costs of a pub you should refer to any surveyors or valuers report that you have received that should provide you with a reinstatement cost for the buildings.
2) Insurance excess?
A normal excess for a package pub insurance policy will be £200 or £250, increasing to £1,000 for subidence, heave and landslip. Some policies may have increased excesses of £500. You should alway check the level of excess that is applicable to your insurance cover as you will be liable for this amount in the event of a claim.
3) Additional insurance cover?
Whilst we have talked about packaged insurance cover you should always discuss with your insurance broker any additional covers, such as loss of licence. This provides cover for any reduction in the value of the business in the event that your liquor licence is not renewed.
Finally, a few points when arranging your pub insurance:-
- You should always take the time to discuss over the phone your insurance requirements. An independent insurance broker will always provide you with advice as to what cover is suitable for you.
Businessinsure specialise in offering the pub insurance, public house insurance and licensed trade insurance, please feel free to call us to disucss your requirements.
Every pub insurance policy is different, because it is offered by a different insurer. However, the main covers of any policy are usually very similar to one another. It is the premium, terms, conditions and warranties that make the difference.
Please don’t rely on a website to compare business insurance for you, let a professional, independent business insurance broker do the hard work for you.
Quoteline: 08456 024 589 (local call rates apply)
Quoteline: 08456 024 589
- Rapid cover
- Competitive pricing
- Expert knowledge
Businessinsure Limited are authorised and regulated by the
Financial Services Authority – our reference number is 303964. Our registered office is 24 Whitefriars Street
Perth, PH1 1PP. Our trading address is: Suite 4, Old Academy Building, 7 Rose Terrace, Perth, PH1 5HA. Registered in Scotland no. 225808.