Your restaurant may appeal to all the exotic spices of the east and the passion that exists in the United Kingdom for Indian food. But there is likely to remain a somewhat more mundane and prosaic concern for the owner of any Indian restaurant – and that is the question of insurance.
Insurance for the savvy business owner
Why trade the appeal of your exotic cuisine for the apparently harsh reality of insurance premiums?
The answer is likely to lie in the fact that an appropriately insured business such as yours may stand to survive the realities of the market place in the UK rather better than one that remains uninsured.
In other words, you may not be trading one for the other, but simply recognising the world in which your restaurant is operating.
The world of liabilities
Whatever care you exercise towards your customers, your employees, the food you serve or even members of the general public, the fact remains that – as the owner of the restaurant – you owe a duty of care on every front and to all of these individuals.
What this means in practice is that any customer or member of the public who suffers a personal injury or other loss or damage related to your business activities may claim that you are liable and, therefore, responsible for paying an appropriate sum in compensation.
Your public liability in such circumstances may be judged to amount to thousands or even hundreds of thousands of pounds. An appropriate level of insurance, however, may indemnify you against such claims.
Any staff you employ to help run your restaurant are also owed a strict duty of care by you as their employer. If any one of them is injured, falls sick or suffers some other loss or damage as a result of their working for you, you may be held liable.
Claims from this source may be very expensive indeed and you are likely to be required by law (subject to very few exceptions) to hold sufficient insurance cover to meet any such action. Indian restaurant insurance, therefore, may typically include up to £10 employers’ liability cover.
A further liability may relate to the very food that you serve in your restaurant. Despite the care you may exercise in the handling, preparation and cooking of food, mistakes and accidents may happen. If these result in any one of your diners falling ill, you may again be held liable – with a proportionately hefty payment by way of compensation to be paid.
Product liability insurance, therefore, may also prove an essential component of the insurance cover you choose for your restaurant.