Cafe insurance - what you need to know
If you're just opening your cafe business then you'll need to put aside some of your start-up funds for the right kind of cafe business insurance protection. At Park Insurance we recommend that package includes:
Cafe public Liability Insurance
Although not compulsory, you would be well advised to protect yourself and your finances by taking out PLI. This gives you cover in the event a member of the public is hurt while on your property or as a result of your actions.
Employer's Liability Insurance
If you employ anyone, even if they're a family member, only work part-time or are sub-contractors, you must by law have Employer's Liability Insurance.
Buildings and Content Cover
Normal buildings and content insurance (such as the type you have at home) is not suitable for commercial premises, especially catering businesses. So make sure your B&C cover is specifically designed for businesses, rather than domestic cover.
Stock Cover
If you keep a lot of stock refrigerated then stock cover protects you financially should your system fail.
Key Personnel Insurance
If you rely on a key member of staff such as a chef and they leave unexpectedly, key personnel insurance gives you some measure of financial cover while you source a replacement.
Business Interruption
If your business is shut down for reasons such as flood, fire or acts of terrorism, you won't be able to earn a living. Business interruption gives you a limited income until you can open up again, so at least things such as wages bills, rent, rates and invoices are paid.
Other cafe business insurance options you can consider include money cover to protect your on-site cash, commercial vehicle insurance and that all-important legal protection.