What are the key risks in the café and restaurant sector?
In what is such a dynamic sector, cafe and restaurant owners and operators face a myriad of potential risks that are associated with such a fast-moving industry.
The potential for risk can be linked to all settings in this industry – cafes, restaurants and catering businesses, for example. All of these workplaces face a multitude of risks, including;
- protecting your staff from workplace accidents
- protecting your property and business assets from theft
- accidental damage
- fire and weather related risks
- safety of your customers at your premises, including the safety of the products you’re serving them
Depending on the conditions of your lease, you may require a minimum level of cover for public liability and glass.
Who should consider insurance?
There should be a strong consideration for all businesses in the industry to take out insurance, to ensure they are protected from the multitude of risks associate with the industry.
Whether you’re running a small café or a restaurant chain, as an industry with complex risks where no two businesses are alike, a range of flexible and customised insurance covers are required to protect your business, staff, assets and customers.
What insurance should you take out – and what can it cover?
A business package insurance policy can protect you and your employees at the workplace and on the way to work.
- A business pack helps safeguard your business premises and contents against:
- damage caused by fire, storm or accidental damage
- equipment or machinery breakdown
- business interruption
- employee dishonesty
- glass damage
- legal issues, such as public and products liability
- tax audit
- theft, and theft or loss of money.
Public and Products Liability
Public and Products Liability insurance is designed to cover claims made against you if it is deemed that a negligent act by your business or its products result in personal injury or property damage.
Commercial Motor Vehicle Insurance
Commercial Motor Insurance is designed to cover loss or damage to your businesses vehicles, such as:
- if you or your staff damage another person’s vehicle
- repair your vehicle after an accident or replace it if it’s written off
- replace a lost or stolen vehicle
- safeguard you against legal liability.
Limits, excesses and exclusions
Policy exclusions, the excesses you need to pay and limits of liability can vary greatly depending on your insurer and the requirements of your business.
A Wymark representative would be happy to discuss your needs. To contact Wymark Insurance Broker please see our contact us page.
Important note – the information provided here is general advice only and had been prepared without taking into account your objectives, financial situation or needs.