What fish and chip shop business insurance do you need?
First and foremost, you need the very best Public Liability Insurance cover you can afford. This may not be mandatory for business owners, but at Park Insurance we believe that PLI is the bedrock of all good insurance for catering businesses. Not only does this protect you financially in the event that a customer is hurt or falls sick as a result of a visit to your business, but it can protect your business' profitability too. A compensation claim could cost you and your business thousands of pounds - PLI protects you against the financial impact of claims.
If you employ staff, even if it's only part-time, on a contractual basis, or even a member of the family, then you must by law have Employer's Liability insurance. This is the only form of fish and chip shop business insurance (apart from vehicle insurance) that is mandatory.
If you offer a delivery service then you will need to ensure that any vehicles you use have the correct commercial vehicle insurance, even if your delivery staff are using their own cars to deliver fish and chips to customers. Standard vehicle insurance will not cover your van, bikes or cars for business use, leaving your driver uninsured.
Other fish and chip shop insurance cover in your bespoke package could include:
- Loss of earnings or interruption of earnings - covers you financially if you are unable to operate your business for any length of time due to flood, fire or other unforeseen events
- Stock cover - fish and chip shops carry a great deal of perishable stock, which means a freezer or refrigeration unit malfunction can be disastrous - and costly
- Stock cover provides financial cover for damage or loss to perishable stock
- Legal cover - essential (although not mandatory) for all businesses, legal cover protects you against the high cost of solicitor's fees and legal costs
Find out more about bespoke insurance cover from Park
Whether you're a new business or an established family operation, talk to Park Insurance today to find out how we can help you find the best insurance deals for fish and chip shops.