Catering Insurance UK
Catering companies are exposed to a variety of risks, which you can protect yourself from by having an appropriate insurance policy for your company.
Product and public liability are vital always, but there are other Catering Van Insurance policies that you could need as well. Here’s what you need to be aware of about catering insurance, to protect yourself and your business.
Types of Catering Insurance
The insurance requirements differ among businesses. There are a few kinds of insurance that catering businesses typically require. In this article, we will go over the various types of insurance and give some examples of how various types of covers work.
Public and Product Liability Insurance for a Catering Business
Public Liability/product insurance for catering businesses that covers financial claims against individuals who are not in your company (e.g. the client or someone who consumes your food etc.) to cover property damage and injuries. It can be used to cover legal costs and compensation costs if you are accused of causing harm or property loss. The UK market generally sells that cover liability insurance, with limits as high as PS1 million. Other limits are PS1 million, PS2 million, PS2 million PS5 million PS10 million, as well as PS10 million, but other amounts are also available.
- Employers’ Liability Insurance for a Catering Business
Employers’ insurance is required in law for all catering establishments with employees regardless of whether they are working part-time or only on occasion.
The kind of insurance businesses buy protects them from legal expenses and the settlement of claims when the employee is sued by the company due to an accident or illness that occurred at work.
The amount of employer liability is determined by the number of employees you employ and other elements.
Professional Indemnity Insurance for a Catering Business
Ice Cream Van Insurance for Indemnity can protect you from claims for compensation by customers who are unhappy with your food or service. It could be due to an error or malfunction of your equipment or perhaps they are not satisfied with the service you provide. Professional indemnity insurance allows you to safeguard your business from legal costs as well as settlements for compensation.
- Tools/Equipment Insurance for a Catering Business
Tools and Equipment Cover can offer a replacement in the case of damage from accident, theft, or even breakdown. If you need security for equipment, not within your premises, you could have to pay for the expense of this. You may also buy insurance to cover the rental of equipment. If you’re unable to operate without the important catering equipment or catering, it’s safer to insure the equipment.
Stock Insurance for a Catering Business
Stock Cover protects against damage or loss of food your catering company sells. Stock Cover can even shield food from spoilage as a result of an issue with the freezer or food that is being transported during the journey to an event or an occasion, and so on. As with all the other policies listed on this page the coverage offered may differ between different companies, so make sure you read the terms before you sign the insurance.
- Personal Accident Insurance for a Catering Business
Personal Accident insurance can provide financial protection to you and perhaps your employees should there be an accident at work. It’s a “benefit” (so it is not tax-deductible) and is available in weekly payments in the event of a minor injury (e.g. fractured arm) in addition to a lump-sum payout in the event of permanent impairment (e.g. the loss of vision). Accident insurance can aid you with home expenses that happen each day, even if you’re not working.
Mobile Catering Businesses
If you own a mobile catering service You’ll also need an insurance plan for the caterer’s vehicle and trailer,
along with any other insurance policies you have for your businesses that we’ve previously mentioned.
Catering Trailer Insurance for vehicles is not just traditional guarantees (e.g. total vehicle insurance) however, it should also secure the fittings and equipment that remain inside.
Mobile caterers face more requirements than traditional vehicle insurance and their operations could be seasonal, which means you might require specialized insurance.
This is particularly true for catering businesses who operate through mobiles like:
- Mobile catering vans
- Coffee vans
- Fish and Chip vans
- Burger vans
- Catering trailers
- Concession vans
- Sandwich vans
- Pizza trucks
- and so on.
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