Food and Drink Insurance
smei specialises in providing tailor made insurance policies for the food and drink industry.
About the Food and Drink Industry
No matter who you are and where you live, everyone needs to eat and for many of us one of the best treats is to let someone else cook for us. This is perhaps why the food and drink industry is expected to grow by £10bn by 2019.**
This rise in popularity*** has meant that there are now a real variety of different places that you can eat when the mood takes you covering a vast range of cuisines, tastes and of course costs too. Restaurants, pubs, wine bars, takeaways, café’s & tea rooms, fish and chip shops can vary greatly in the dining experience they offer and battle to provide not only great service but tasty treats too!
People who eat in restaurants like The White Swan at Fence, Lancashire (pictured above) or order takeaway essentially trust the food the company provides is of a certain standard or quality and therefore each one has a responsibility to those customers who choose to eat there. This is why it is not only important to have cover in case something does go wrong, but to also have in place the right checks, equipment and processes to be able to deliver delicious food, whilst also ensuring that the food is safe for consumption too.
So, if you are thinking about opening your own food or drink outlet, make sure that insurance cover is on the list of things to think about, otherwise you could find yourself with a costly mistake.
Why Insurance is Important for the Food and Drink Industry
When you are dealing with food, insurance becomes incredibly important. Especially as there is a potential risk to the health and safety of those people eating in your restaurant, takeaway or bar.
Covers available if your business is within the food and drink industry can include, products liability for the possibility of a customer suffering injury or illness as a result of consuming your product.
As well as product liability, there are also a variety of other insurance covers available to businesses, such as public liability, employer’s liability, buildings and contents and business interruption cover.
All of these policies can ensure not only the protection of your business but also the protection of your staff and the customers that you provide a service to. All of which are important considerations for any business.
Whether you are a local café serving delicious home cooked foods or perhaps a large restaurant that provides catering for corporate functions, you need to understand the importance of protecting the assets that you have worked so hard to build up.
If you do not have cover, then you may find that one mistake may result in a costly compensation claim or perhaps even worse, result in the closure of your business.
The featured business is The White Swan at Fence, Lancashire. Visit their website here: www.whiteswanatfence.co.uk
* We randomly surveyed 88 policyholders (3.84%) who obtained cover through us between December 2017 and June 2018. 97% made a financial saving by moving to smei, with an average saving of 23.97%. This data excludes commercial and residential insurance for landlords.
** https://www.gov.uk/government/world-location-news/great-taste-of-britain-campaign-kicks-off-today