When running a business, you want to be safe in the knowledge that should anything happen, you are covered.
Nightclubs may come across issues that so many other businesses don’t. The late night opening, alcohol licensing, intoxicated customers and hiring of staff such as bouncers to protect your business and the people who use it are all aspects which you need to consider. These are all unique to the running of a nightclub and, as the industry is heavily regulated, you want to ensure that your insurance covers you for those regulations.
Running a nightclub can be exciting, it’s a place where people go to relax and unwind, celebrate with friends, make new friends and dance the night away. Its great to see so many people enjoying a business that you helped create, which is why you need to protect that venture as much as possible.
Nightclub insurance is a dedicated insurance package which takes into account the uniqueness of your business. A nightclub insurance package will include policies which will be tailored to your needs, to protect you from every eventuality. And, with nightclubs, there are many things you need to consider. It’s important to be protected from the everyday issues that can occur like theft, damages to the contents of your business and damages to your business’ building. But, with a later opening time and alcohol being consumed on the premises, there are other issues that could arise.
Injuries are more likely to happen when people have consumed alcohol, and, as a nightclub owner, you are required to prevent injuries from happening as much as possible in your establishment. You may also have a higher turnover of staff, and a tailored package can bring features such as fidelity cover to protect against staff who may not prove to be as trustworthy as others.
The most beneficial aspect to taking out this kind of unique policy for your business is that there will not be gaps left in your insurance. Our job as insurance brokers is to ensure that everything is fully covered.. It will also be cheaper to put your policies together in one package.
A nightclub insurance package from IC Insurance offers you the peace of mind of knowingthat your business is protected from third-party claims and other time-consuming claims that you do not have the time to deal with. Having insurance means that your cover is dealt with elsewhere, by a company you can trust. You can continue running your business while the claims are handled by the experts. In the unfortunate case that your business cannot continue running during the claim, you will also be covered for loss of income and business interruption.
There are so many aspects you need to consider when you are insuring your nightclub, from public liability and employer’s liability to content insurance and stock cover and vandalism protection. We’re going into some of these in a little more detail so you can understand what aspects are required for your setting:
Accidents happen and, if you are found at fault if a customer or a member of the public has an accident on your premises, you should have public liability cover in place. Should you find yourself up against a claim from a member of a public, this will help with the costs of legal defence and compensation payouts.
Employer’s liability cover is required by law for any business that employs staff. You are responsible for the welfare of your staff. This cover will protect you against compensation costs and legal fees that may arise should a member of your team get sick or injured at work. You can be covered for claims from all permanent employees, seasonal or casual staff, temporary staff, subcontractors, volunteers, advisors and people on placements or work experience.
Fidelity cover protects you should a member of your staff be caught stealing funds or property from your business. This type of cover ensures that, if an employee proves to be dishonest, the insurance provider will share this loss as outlined in the contract. You won’t be covered for losses following an employee’s negligence though, it has to be interntional theft from an employee.
All businesses that serve alocohol must have an alcohol licence. An alcohol licence is part of the nightclub industry’s regulation and, if you do not have one, you cannot sell alcohol on your premises. If you no longer meet the criteria for this licence or break the conditions of it, even if you are not at fault, you can have it removed.
Loss of licence cover can protect you against the financial loss that will occur while you cannot sell alcohol on your property. Your licence can be revoked, lost or suspended.
Your business can be interrupted through loss of licence or through other issues such as theft, vandalism, fire, or natural disaster. If for some reason you cannot open your nightclub, business interruption cover can allow you to meet the needs of the business even while it is shut. This can include cover for paying staff salaries, loans, utility bills and rent.
When serving food or drink, you are liable for any harm or illness it can cause. By having a comprehensive product liability cover within your insurance package, you can rest assured your legal expenses are covered should anyone file an injury or sickness claim as a result of that food or drink.
We are a dedicated insurance broker in Bolton with years of experience in delivering policies that match the exact needs of our clients. If you are looking for cover that will help you face every eventuality when it comes to running your nightclub, we can help.
We will address all aspects of your business and get you the cover you need to protect it without paying for any additional cover you won’t require. Contact us for a no-obligation quote for your nightclub and we’ll find you the best value-for-money package we can.