Types of Pubs
There are 3 standard venue categories:
- Standard: limited food served, alcohol focused, no entertainment provided, normal 11am – 1130pm opening hours observed. Typically Pubs, Gastro Pubs and Wine Bars.
- Non Standard: food and alcohol of equal importance, any type of dancing, features entertainment such as bands, karaoke, singers or a DJ, and usually open later until 1am. Mostly Late Night Venues, Late Pubs and Bars and Function Venues
- Bespoke: food, alcohol and entertainment led premises, late license typically past 1am, door staff, entry fees, entertainment includes discos/bands with a dancefloor on a regular basis. Mostly Nightclubs and Members Clubs
Additional Policy Features
Some advisable features to include as part of your policy are:
- Home contents insurance – if you live on the premises (e.g. above your pub) this is a good idea
- Loss of income protection – guarantees personal income in the event pub is not operational
- Business contents – cover for business contents such as stock, glassware and furniture
- Legal cover – covers legal costs associated with a claim against the business
Policy Features of Pub Insurance
Employers’ Liability & Public Liability
Employers’ liability insurance is required by law if you employ one or more members of staff. It protects both you and your employees from the costs that may accrue from illness, injury or an accident.
Public liability cover protects members of the public from accident, injury or illness whilst being on your premises. In the event of any of the aforementioned scenarios, the costs will be covered.
Food, drinks and other stock can be covered by stock insurance. This means that the costs of anything that becomes spoiled and cannot be used will be covered, offering you the chance to replace them without getting out of pocket.
Money on Premises
Although a great deal of money taken in pubs nowadays is done with debit card transactions, pubs, bars and clubs often have large cash amounts on the premises. If cash is stolen, this type of cover will replace it.
Loss of License Cover
Without an alcohol license, you are breaking the law if you serve alcohol. If the circumstances of losing your license are beyond your control, you are covered for the loss of value to your business.