Property & Finance
Insurance for cafes, coffee shops and restaurants

As the hospitality sector reopens for outdoor service followed shortly by indoor dining, I will outline the various covers and items to consider for cafes, coffee shops and restaurants.
Most insurers will apply different rates to each trade and usually will define based upon number of covers, type of food served, hours of trade and deep fat fryer usage.
Material damage cover for Buildings, fixtures and fittings, stock, computers, and other assets that your business owns. Covers will include fire, flood, escape of water, theft, and storm among other perils. Cover extensions are available such as fire brigade charges, signage and goods in transit.
Money cover. This is a standard section of all hospitality policies. It is likely we will see a culture change post pandemic due to reduced cash usage but the extent of this change is not yet known. For now hospitality policies will cover the loss of cash & cheques. The amount of cash covered can be increased depending on safe and security details. Personal assault cover can be included when carrying cash to the bank.
Employers, Public and Products liability. All hospitality insurances include liability cover. Employer’s liability is covered up to a maximum of €13 Million and depending on the business description can be based on employee numbers and/or wages. Public liability can be selected within a range of €1.3 million to €6.5 million and covers your legal liability in the event that you are negligent and required to pay compensation for bodily injuries or damage to third party property. Your trade & projected turnover will determine the rate charged. Products liability provides cover if someone is injured by a product that you have sold.
Business interruption covers consequential loss of gross profits following an insured event such as a fire. It is important to review your gross profits sum insured on an annual basis.
Other covers that can be added include seasonal increases in stock at specified times during the year, loss of licence cover, glass breakage, Cyber insurance, personal accident and many more.
It is crucial to review your policy annually checking the deep fat frying conditions, the cleaning of kitchen ducting conditions and fire protection conditions. Your policy should be tailored to your individual needs, so it pays to get expert advice from professionals who take the time to understand your business.
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