If youre in the process of setting up a restaurant or cafe, there are many aspects to consider, from licences to staffing and sourcing products to finding the right insurance.

But with many hospitality businesses struggling due to the pandemic, business owners might be looking for ways to reduce overheads. However, insurance is a must, and it is important to get the insurance that is right for your business to ensure you are not wasting money on superfluous services you do not need or have been sold.

To ensure you buy the right cover and receive professional advice make sure you are dealing with an independent insurance broker.

Business Insurance

All businesses are different, meaning there is no one-size-fits-all policy. You should ensure that your business insurance has been tailored for your individual needs, which will ensure you get the insurance cover you want and dont pay for insurance covers you dont need.

Some insurance is required by law, such as Employers Liability insurance and also Motor Insurance to comply with the Road Traffic Act. So if your business employs people and you operate a motor vehicle these two insurance policies are essential.

You may also be legally required under certain contracts to take out other covers, for example, your landlord/lease may require you to arrange Buildings insurance or hold Public Liability insurance.

A Business insurance policy can be tailored to include all of the risks you face and usually will include asset protection, which covers your property, pictures, fittings, and business equipment, such as cooking ranges and refrigeration equipment, as well as your stock of food and ingredients.

Income protection will also help support you if you suffer a financial loss if you are forced to close your doors, whether from the pandemic, there is a fire or any legitimate reason why you are unable to open for business.

Liability insurance is a legal requirement in the United Kingdom, meaning all businesses with employees must have employers liability insurance, which covers your legal liability should an employee suffer injury or illness arising out of their employment.


If youre looking for business insurance in Wolverhampton, talk to us today.