There are many hoteliers in Tenerife and Gran Canaria who trust in Euroteide Insurance (Insurance Advisors) when it comes to protecting their businesses against any type of unforeseen event or incident.
In this sense, the Insurance for bars must include some coverages that are mandatory. Others are not, but, from our point of view, it never hurts to hire them, in order to prevent an accident or incident from seriously affecting the personal assets of the business owner.
We are going to explain to you what coverages must be included in good bar insurance, regardless of whether it is mandatory.
What insurance does a bar need?
These are the two coverages that you are obliged to contract if you are the owner of a hospitality business, whether it is a business with premises open to the public or if the service is provided exclusively at home:
Civil liability coverage
It covers you against possible damages that you may cause to third parties, whether they are clients, workers, suppliers or any other person who is inside your premises or even in its surroundings.
Compensable damages include those caused by:
- Accidents (for example, slipping on a freshly mopped floor or tripping on a loose tile).
- Negligence (case of a waiter spilling a drink on a customer, staining or damaging a piece of clothing).
- Poisoning caused by spoiled food or drinks.
The benefits of this coverage include your legal protection. That is, in the event that a client or worker claims their rights judicially, all the costs inherent to the judicial process are covered by the company with which you have contracted the insurance for your bar or restaurant.
Accident insurance for local workers
Another of the mandatory insurances in hospitality is accident insurance. The obligation of this insurance or coverage is specified in the collective agreement of the hotel and restaurant sector. All workers must be covered for any type of accident they may suffer during the course of their work days.
In addition, the possibility that the accident results in the death or disability of the worker. In this case, the insurer compensates the injured worker or the beneficiaries designated by him.
To this end, insurance companies have Collective accident insurance. That is, the insurance holder contracts a single policy that includes all components of the workforce.
This is 100% flexible insurance. This translates to A beneficiary can be added or excluded at any time, according to needs or work circumstances.
In addition, these group insurances have a much more advantageous price than individual accident insurance.
What good hospitality insurance should have
It is a reliable fact that the hospitality sector is one of the most exposed to theft. Although the amounts of money stolen are not usually very high, the damage caused by criminals to access the premises or the money is usually significant.
Furthermore, broken doors, windows and machinery are incidents that must be repaired urgently, since no hospitality business can afford to remain closed for several days. That is, the coverage for theft and robbery It is essential in these businesses.
The same can be said of the fire coverage: No one is aware that the kitchen of a bar is a permanent risk, no matter how many precautions its owners and employees take.
Furthermore, a hotel establishment is subject to the same risks as a private home, but aggravated: the intensive use of the facilities makes the probability of occurrence water leaks, floods or short circuits be older.
Other interesting coverages are urgent repair of breakdowns, compensation for forced cessation of activity and compensation for food spoilage caused by refrigerator breakdowns or other circumstances.
And is it necessary to purchase mandatory and advisable insurance separately? The correct answer is that the so-called Multi-risk hospitality insurance They include both civil liability coverage and the rest of the risks inherent to a hospitality business. AND Workers' accident insurance must be contracted separately.
Additionally, if your business uses delivery drivers to serve food at home, you must hire a Motorcycle or moped insurance. And if you use electric scooters, our recommendation is that you also insure them.
And an additional tip: in the particular case that the vehicles used are the property of the delivery people, Make sure they are properly secured.
Why securing your bar is so important
As we have already mentioned, intensive use of the premises is a factor that significantly increases the probability of incidents and accidents occurring.
In addition, the continuous flow of people is another risk factor. In the worst case, food poisoning that affects a significant number of customers can cause property damage to the hotelier that is impossible to bear financially.
Therefore, the reasonable decision is to cover your back and take out hospitality insurance that includes any possible risk.
We conclude by adding that in Euroteide Insurance (Insurance Advisors) we have a wide range of insurance options for hospitality businesses.
If you are thinking of opening a bar or restaurant, talk to our specialized mediators and they will explain what bar insurance It is the one that best fits the specific characteristics of your business.
And we say the same if you already have your Insurance: let us review your policy and we will find a way to improve coverage and reduce the price of the annual premium.
An additional advantage is that, if you have an accident in your bar and restaurant, in Euroteide Insurance (Insurance Advisors) we take care of carrying out all the procedures and procedures with the insurer for you. This way, you can not worry and focus on what really matters to you: the proper functioning of your business.