If you run a takeaway, you will be aware that there are certain risks associated with this type of business for which you may require protection.
Takeaway insurance policies are designed to provide you with cover for all of the most important risk areas so that you can focus on delivering a good service to your customers without having to worry about the financial implications should something go wrong.
Why you may need takeaway insurance
As a takeaway owner, your main concern is providing good food and good service to your customers to keep them coming back. However, when something negative happens, the effect on your business can be very serious, especially if it involves a claim for financial compensation or the loss of your stock.
By investing in takeaway insurance, you can focus 100 percent on running your business to the best of your abilities without having to worry about possible problems that could have serious financial consequences.
What does it cover?
Takeaway insurance policies typically cover the main areas of risk that you could face in your business. However, they all differ and the following insured events are just an example of what you can expect:
- as you are constantly in contact with the public, you may want public liability insurance in order to get financial protection in case someone makes a claim against you after becoming ill or injured on your property;
- you will also need employers’ liability insurance if you employ any staff because, in most cases, this is a legal requirement. You can get this included in a takeaway policy or as a standalone policy;
- you may require cover for your stock, especially frozen stock, and this is often included;
- if you own the premises from which you operate, building insurance may be necessary;
- some policies may provide business interruption cover should you be unable to trade after being affected by an insured event like a fire;
- contents insurance may provide cover for any furniture, fixtures and fittings you have on your premises;
- goods in transit cover can provide protection for stock that is being transported;
- if you lose your licence, you may be able to get cover for the loss of income up to a certain level.
Things to look out for
Although public liability and employers’ liability may be included in a restaurant insurance policy, you may also be able to get these separately. It depends upon what is most convenient in your situation, but just make sure you are not paying for the same thing twice.
Premiums will differ between providers, but you may find that the same provider can also offer you different premiums depending on various factors. For example, if you have an alarm system in place, this could lead to a discount, so it is worth finding out about this before purchasing your policy.
Consider insurance for your takeaway
Takeaway insurance can be a useful purchase if you run your own takeaway service. Make sure you find a policy that is suitable for your situation, and ask a specialist for advice if you are unsure about any aspect of the cover. Then you can focus on running your business with the peace of mind that comes from knowing you are covered for any eventuality.