Restaurant &
Take Away Restaurant Insurance - Most Restaurant Insurance or Business
Catering Insurance is bought on a package basis, the type of Restaurant is
academic, it makes no difference if you are apply for Indian Restaurant
Insurance, Chinese Restaurant Insurance or what ever. However, one of the main
underwriting considerations is the type of Frying (if any that occurs at the
premises. Restaurants without frying attract the better rates, followed by
small basket frying types with the floor standing fryers and ranges attracting
the largest premiums.
However most
insurers do distinguish between Restaurants and a Take Away. In some cases an
element of Take Way will be allowed with an additional premium loading, as
most Restaurants will provide a Take Away service. The usual ratio is 70-30 in
favour of the Restaurant side of the business over the Take Way Restaurant
side. The reason for this is usually that insurers statistics show that
a Take Way produce a greater amount of claims especially on the Public
Liability side. Anyone that’s visited a Take Away late at night will
testify to the fact that they can be quite lively places.
Insurance for a Take Away restaurant is available but the premiums tend to be
higher. At the highest end of the scale comes Fish & Chip Shop Insurance where
the highest premiums are charged. When you buy your Restaurant or Take
Away Insurance it is important to read the contract wording fully, as well as
the usual terms and conditions relating to the protections of the business,
the insurers will have placed certain warranties on to the contract with
regard to the up keep of the premises and the equipment. This is mainly done
to prevent fires, which are the biggest source of claims.
When a premise has Frying equipment; a usual type of endorsement would sate
that the frying apparatus within the Premises is securely fixed and free from
contact with any combustible materials. It would also require that the
equipment is fitted with a thermostat which prevents the temperature of fat or
oil exceeding 205ºC (401 ºF). It would also require that exhaust hoods
canopies filters and flues are cleared at least once each month and extraction
ducts are cleared at least once every six months and deposits of grease or oil
are not allowed to accumulate.
In addition to the above you would also be required to have, a fire
extinguisher suitable for use on fat or oil fires and a fire blanket.
Most policies will also state that your equipment is subject to an annual
maintenance check and that you maintain a contract for this service.
Make sure that you comply with any warranties under your policy as you may
find your claim refused if you do not.
This type of Insurance is readily available from Brokers and insurers and the
covers on offer are very similar to those on offer under the Shop package
contract. Other extensions to a normal Package policy will include
Frozen Food Insurance and possibly loss of licence cover if the Restaurant has
a drinks licence. The standard covers under a Restaurant/ Take Away
package policy are normally as follows;
Some of these
covers may be optional depending on the package policy that you obtain.
