Running a bar or a pub or a night club is facing the risk and dangers because of lots of injuries, property damages etc. If you own a pub or a bar, you are liable for the injuries or property damage caused by a number of potential and unexpected situations leading huge loss to your business. In addition to such type of claims made against your business, it is difficult for you to run the business in case of accidents and thefts which could sustain damage to your business equipment, inventory, furniture etc. So, in order to protect your pub you need to get pub insurance to cover all the risk and liabilities you are facing as a pub owner.
Pub insurance provides insurance cover for all the risks and legal liabilities associated with your pub. Pub insurance is designed with different types of coverages tailored to the needs and requirements of the pub. Generally there are three types of essential coverages for pub. These include:
Public liability: It pays compensation for the claims made against the injuries and property damage caused to the member of a public in your pub premises.
Employer’s liability: It pays compensation for the medical bills of the employee who claims for being injured at work, or who has become seriously ill as a result of working for you.
Business building insurance: It protects the business from damages against your business building and contents from burglaries, fire, floods, accidents, or natural disasters.
Also, you can add some more insurance coverages to your pub insurance. The optional coverages that can be included in your pub insurance are:
- Liquor license insurance
- Pub contents insurance
- Business interruption
- Theft and burglary
- Glass breakdown
Thus, make sure you insure your business to the extent such that, you should not pay even a penny for the claims made against your business and you protect your business before it is being interrupted from unexpected risks and circumstances.