Titan Insurance for the Licensed Trades

Licensed premises insurance is a requirement for anyone owning a pub, restaurant, hotel or any other part of the licensed hospitality business. You have an obligation not only to your guests, who need to be kept safe while on your premises, but also to your staff. As you may be holding large amounts of cash on the premises this should also be included in any cover, and the same goes for your stock as this can be a considerable amount.

Regardless of the size of your business, you need to have a properly designed insurance policy which covers you for the risks that apply to you. You don’t want to be paying for cover you don’t need, but on the other hand you don’t want to be left exposed to risks that you aren’t insured against. If you have any queries about which elements your licensed premises insurance policy needs to cover, then speaking to a broker like Titan insurance is the way to ensure you get the right advice and get a policy that suits you.

There can be a lot of elements to consider with such a policy. Each policy should be unique, tailored to fit the business it applies to, but generally speaking the following risks should be considered:

* Employers Liability – you have an obligation to make sure that your staff are covered in case of injury in the course of their work
* Public liability – As with your staff, you need to make sure you are protected from claims made by customers
* Stock – accidents happen, stock is lost, or it perishes. This element ensures you aren’t left out of pocket
* Money - the hospitality industry generally deals with cash payments, and protecting these against loss
* Buildings & contents – In the event of damage to your building or its contents, a claim against this option can have you up and running again much sooner than might otherwise be the case
* Personal accident – you might be protecting your staff and your customers, but what about yourself? How would the business function if you were injured at work?
* Theft – it isn’t just money that gets stolen from licensed premises, stock and equipment can also be taken. It can also be very expensive to replace, so make sure you have adequate cover if you feel you may be at risk.
* Loss of licence – if the licensed aspect of your business is a big part of your income, then consider insuring against its loss.


The team at Titan Insurance can advise you on all the above, and they will also use their specialist insurers to get you best possible price for your cover.

For more details about Licensed premises insurance you can visit here:- http://www.titan-insurance.com/licensed-trade-insurance/