Business Insurance for Restaurants

If a customer or third party were to injure themselves or have their belongings damaged while at your restaurant, your business could be held liable, and therefore have to pay compensation. This extends itself to injuries during trespassing, false arrest and malicious prosecution. Regardless of how safety-conscious you are, accidents do happen, and it’s always best to be prepared for any and all outcomes. With Public Liability Insurance you can be, and we can source standard levels of cover from £1m to £5m, with additional levels of cover available upon request, subject to terms and conditions. 

Whether they’re welcoming clients, taking orders or providing them with your delicious dishes, your staff make your restaurant the success it is, creating that experience from the get-go. Because they deserve to be treated with the same respect they give to others, it is a legal requirement for you to have at least £5 million cover to compensate them for any bodily injury, mental injury or other claims made against you, even if they are part-time employees, volunteers or trainees. Employers Liability for restaurants through The Insurance Octopus comes with £10 million indemnity cover, ensuring you’re covered against any and all eventualities. 

Of all the financial claims made against restaurant owners, food poisoning is one of the most common. It doesn’t matter where contamination occurs in the supply chain – if a customer consumes a meal infected with a food borne illness, you could be held legally liable. This could incur expensive hospital fees, medical costs and even, if the damage is very severe, being shut down. Along with having stringent Health & Safety policies in place, we recommend taking out a Product Liability policy through us ensures the damage to your reputation and business is minimal.

You can’t always control the mistakes of others, but you can control the impact it has on your business.

Should you own the property which you operate from, or if you’ve made significant alterations to a rented space, then our Buildings Insurance is a must, covering you in the event of damage. This includes damage caused by storms, floods, subsidence, landslip and heave, as well as escape of water. The buildings cover we source will pay the cost of rebuilding your premises following an aforementioned incident, and pay for any repairs necessary to get your restaurant up and running again.

Nature sometimes takes its toll, but it doesn’t have to take its toll on your business.

If your restaurant has to close because of fire, flood, vandalism or loss of licence, then this can have a real hit on your takings. Designed to cover your business against loss of income, Business Interruption Insurance can pay out on loss of gross profit, as well as the costs and expenses incurred by you to minimise the reduction in gross profit subject to your insurers specific terms and conditions. Policies through The Insurance Octopus can include loss of licence, and interruptions caused by water, gas, electricity and internet services as a result of damage to any service provider’s EU premises, underground cables or earth movement, we’ve got you covered. 

Interruptions can’t always be helped, but your response to them can be. 

When your business depends on fresh ingredients, stylish crockery and suitable appliances, it’d be no joke to walk in one day and find that your ingredients have gone to spoil, or that your equipment has been stolen. Or how about discovering that your personal belongings have been stolen, windows have been broken or earnings have been taken from your safe. Whether you’re after Stock and/or Contents Insurance, we can ensure your business and personal items are kept safe. Providing compensation on everything from refrigeration faults, electricity failures and dishonesty caused by those working for you, Stock & Contents Cover through The Insurance Octopus is really quite comprehensive. 

Don’t let unexpected events be the be-all and end-all, and be proactive with a Restaurant policy through The Insurance Octopus. 

We know that your stock levels may fluctuate throughout the year, especially during busy periods such as Christmas and Easter. You want to ensure that you have enough ingredients to cater to the needs of your clientele, and therefore make as much profit as possible. If your current policy only covers you for a specified number – or amount – of stock, then we recommend covering any increases in stock in case of any damages, destruction or spoils. This cover means your ‘sums insured’ can also increase, protecting your whole inventory. 

With Seasonal Increases cover, you won’t get caught out. 

Your safety is important to us, and therefore it should be important to you too. Personal Accident Cover can give you peace of mind knowing that should you suffer an injury at work or even outside of work, that you’ll be covered financially. Instead of losing money due to potential closure, or the cost of having to hire an interim manager, we can source policies that offer you compensation for any potential losses. Should you ever need to be hospitalised, the policies can also cover the cost of support too. 

In our eyes, accidents shouldn’t be penalised, and therefore, neither should you. 

Is your restaurant full of stylish artwork, imported carpet and glassware that impress every customer that walks through your doors? Or how about big, bright signs that can be seen from a mile away or shelving units that showcase your alcohol offering? We know that these are vital parts of your restaurant’s branding, and should anything happen to them, they could be expensive to replace. Fixtures & Fittings insurance through us covers loss of, and damage to, items such as carpets, mirrors, seating and tables, as well as structures that you’ve erected yourself. 

Injecting your restaurant with personality, we don’t ever let it go to waste. 

If alcoholic drinks are part of your menu, then it’s crucial that you have a licence that allows you to sell such beverages. Without a licence, you could end up facing extortionate fines, and possibly even a jail sentence. Therefore, it’s never worth the risk breaking the law when it comes to your business. However, a Loss Of Licence cover means you can receive compensation for loss of earnings if your licence is withdrawn subject to the insurers terms and conditions. 

Losing a licence doesn’t have to mean you lose money when you’re covered with Loss Of Licence Insurance through The Insurance Octopus. 

Even the most secure of businesses can find themselves losing money via violent and forcible means. Whether you lose £1,000 or £10,000 any amount of money going missing can have a huge impact on the operation of your business, and what you can afford to pay for. Loss Of Money cover ensures that you’re insured against such losses to maintain your financial stability. Regardless of whether your money was stolen during business hours, while in a bank night safe, while in a locked safe when your restaurant was closed, while in transit or not in a locked safe when closed for business, you’ll receive compensation for the amount taken so that you can get back to business as quickly as possible. 

Through The Insurance Octopus, a loss is never a loss for long. 

Legal Expenses Insurance ensures that you are financially covered should legal action be taken against you, or by you. Covering everything from legal and tax advice, a counselling helpline and employment protection through to contract and debt recovery, Legal Expenses Insurance also covers costs incurred due to court dates, trials and representation.

It can be a lengthy process dealing with court cases, but it doesn’t have to be a costly one. With claims taking as little as 15 minutes to make, we can make this process a lot less stressful.

Many restaurants, such as those found on the high street, utilise big shop front windows to attract customers, and bring in passing trade. Showcasing your stunning style, your happy customers and the friendliness of your staff, these windows truly are the windows to your business’s soul. Should an accident or malicious attack leave your window damaged or broken, it can cost thousands of pounds to replace, and therefore it’s imperative that you have a policy in place that covers the costs and fixes your restaurant’s front as quickly as possible.

Shop Front & Glass Insurance through The Insurance Octopus covers up to £10,000 and includes boarding up the area, repair, replacement and any damage done to frameworks too. 

Whether you have an in-house singer or regularly let new bands share the spotlight, the atmosphere those talented individuals create is certainly a draw for your customers. Perhaps you also run charity events or even host party and wedding dos at your establishment? That’s all very exciting, but what isn’t are claims of personal injury, public liability and damages caused to equipment. If you employ entertainers as part of your regular business activities, our Entertainers Insurance add-on can pay compensation to all those concerned, ensuring that the good times can continue for as long as possible. However, be aware, if you allow acts not employed by the business to use your premises, you’ll need to make sure they have their own cover. 

We all know that accidents happen, so when they happen to you, we’ve got your back, and find policies that have you covered.