Who needs Coffee Shop Insurance?
Whether you’re a small start-up café, an established business or manage a small chain (or even work on a franchise model), you will need all kinds of insurance. Coffee shops face a unique set of challenges and having the correct insurance in place is imperative to keeping your business running in the event of a crisis. Whether it’s a fridge breakdown or a flood, Real Insurance Brokers can help you through it.
What will Coffee Shop Insurance protect your business against?
When purchasing a café Insurance Policy you will typically need be protected against fire and flood damage and the interruption to your business that this might cause. Unfortunately a high proportion of catering businesses cease trading after a serious fire, so choosing a Coffee shop Insurance policy that covers you for loss of earnings due to this type of business interruption is vital.
If you employ staff in the UK, no matter whether they are part time, full time or voluntary, by law you need Employers’ Liability Insurance. This will protect your staff should they injure themselves or become ill while working for you. As a coffee shop owner you will also need insurance in the event of a claim that a customer injures themselves or their belongings be damaged while in your cafe. Cafe Insurance can help cover the costs of legal fees and any compensation that you may have to pay out should you lose your case.
Product Liability Insurance will cover you against claims should they become ill after eating at your premises.
You should also consider the costs of having to replace everything in your restaurant if it were to be damaged. This can be extremely expensive and is a contributing factor as to why many cafes don’t reopen after a disaster. Insuring the contents of your restaurant, including wines, spirits, crockery and glass could be the difference between recovering from a fire or flood or never opening again.
If you own your premises, you might also need to choose coffee shop Insurance with Building cover included. If you rent your building it could be a condition of your lease that you insure glass. You can also get cover for replacement locks should you lose your keys.