Are Your Pub Insurance Quotes Too Much?
We’re here to offer you insight into the world of commercial insurance and help you save money in the running costs of your business, today we’re looking at Pub Insurance Quotes. Are your pub insurance quotes too much? We hope to help you understand why you need pub insurance in the first place, what you should expect to pay for it and the best place to get a good quote.
What is pub insurance?
Pub insurance is a specialist branch of hospitality business insurance that is tailored to meet the requirements of public houses. Pubs carry risks for everyone involved, so if you run a pub in the UK, it’s important that you have appropriate cover to protect your business, income, staff and customers. Instead of purchasing multiple insurance products, a dedicated pub insurance policy can provide you with a singular premium to pay. Common covers to incorporate into a public house insurance policy, include public liability, employer’s liability, Licence and stock cover, business interruption, accidental damage and fire and theft.
Why you should get pub insurance
Whether you own a countryside pub, rent a town pub from a brewery chain or even run a classy wine bar in a city, each location presents similar risks. Beside the obvious fire, theft and damage to your property, there is also your customers, employees and stock to think about. Accidents happen all the time, especially when alcohol is in involved, so why wouldn’t you want to protect your assets and income?
How much should you be spending
Business insurance for pubs can start from as little as around £500 per annum for the very basics of cover, on average you can expect to pay around £1000 per annum for a more comprehensive coverage. Customised policies don’t just offer you the exact cover you need, they also help you reduce any unnecessary costs. We recommend using an insurance broker to find you the best policy at the best price.
How can you lower your pub insurance quotes?
As with any policy, the lower the your risk of experiencing a loss, the less risk the insurance company will see your business, the less you will pay in premium. The obvious ways to reduce risks would be to have security in place; think CCTV, secure locks, shutters, reinforced doors and alarm systems. Location is a key factor, but that cannot be helped. Displaying a sound understanding of security will go a long way!
Where to get pub insurance quotes
There’s no point in spending hours trawling through insurance providers websites filling out forms, comparing quotes and reading confusing jargon that will just give you a headache. You want to take the time and hassle out of your pub insurance quotes and get an industry expert to do the hard work for you.
1st Choice Insurance are a midlands-based brokerage with a friendly and experienced team of advisors, who want to save you money. Give us a call on 01743 770 500 for free advice and a no obligation quote. We offer a fantastic service, flexible payment options, documentation via email and instant cover.