Being a pub landlord is a lively and ever changing profession, however it also comes with a large degree of responsibility. With the British Beer & Pub Association reporting there are 49,433 pubs across the UK, there are a lot of opportunities for things to go wrong. From vandalism to theft, we’ve put together a list of the most common qualms that will help give you an idea of why taking out a good pub insurance policy is a savvy move for any pub owner.
Vandalism
Whether it’s due to rowdy customers or anonymous kids, vandalism is an expense faced by pub
landlords across the nation. From removing graffiti to replacing broken windows, covering intentional damage can be incredibly expensive. If this is something your premises is likely to fall victim to, you could save yourself a lot of time, money and hassle by taking out an adequate pub insurance policy.
Public liability
As a pub landlord, you are responsible for the safety and wellbeing of your patrons. Pubs are generally lively and enjoyable environments, however when someone is injured things can quickly take a turn for the worst. In the case of legal disputes and compensation claims, you’ll definitely want to be insured.
Employee liability
In the same way that you are responsible for your patrons, you also have a duty of care over your staff. Legal disputes over workplace safety can be expensive, especially if you’re forced to face compensation claims.
Employee theft
While it’s nice to think you can trust your employees, the reality is that not every pub landlord is lucky enough to have a 100% honest workforce. While a stolen tenner here and there probably won’t send you broke, when theft escalates into the thousands it is extremely beneficial to be insured.
Loss of licence
When serving alcohol is your bread and butter, loss of license can have dire consequences for your business. Protecting yourself against loss of license will not only give you peace of mind but could also help you keep your head above the water in a worst case scenario.
Equipment breakdown
Malfunctioning equipment may not seem like the most important form of coverage but if you are forced to deal with the issue for days or weeks on end, it can quickly have a negative impact on your bottom line.
Money on premises/transit
Licensed premises tend to deal with large sums of cash which makes them a popular target for thieves. As well as taking out insurance for on premises cash, it’s also advisable to make sure you’re covered for money in transit.
Whether you run a local pub, country tavern, wine bar or cocktail bar, taking out pub insurance for your licenced premises is an absolute essential. If you’re looking for the best possible deal to cover all of the above eventualities, be sure to enlist the help on the online quote compare experts at Compare Crazy.
