We all know that the hospitality industry was one of the hardest hit sectors as a result of Lockdown. But as you build your business back up and clientele return, you will know that many of the usual risks still remain, and the need for insurance is more important than ever.
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So you may be surprised to know that many restaurants, cafes and bars don’t have adequate insurance in place. Maybe the business diversified during lockdown and now dual-operates as a shop, the presence of ghost kitchens has allowed back end operations to function even when front of house is not, and in some cases technology has had an impact: Deliveroo and Just Eat are some firms adding service options to restaurants that previously didn’t exist.
Now more than ever it is important to have the correct insurance measures in place to protect your business in 2021 and going into the future.
You will likely already have
- Public Liability Insurance
- Employees Liability Insurance
- Property Insurance
And you may have considered:
- Business Interruption Insurance
- Food Contamination Insurance
- Commercial Vehicle insurance
But what about other risks?
Cyber and legal cover is increasingly important for the successful running of the hospitality industry. Hacking can take many forms from impacting your booking platform to holding to ransom your whole system from ordering to stored data. Employees may have an issue with the contract you need them to sign, or maybe they signed pre-Covid.
Does your current insurance cover your increased footprint: number of outdoor covers, security of any outside space, any new equipment for example?.
Does your cover do everything it can to help you keep your doors open?