While general business insurance gives restaurant and café owners most of the protection they need for their businesses, this sector has additional insurance needs. If you run a café, then you need to make sure that your insurance policy covers your core machinery and equipment for all eventualities.
What should you look for in a restaurant and café insurance policy?
Machinery Repair and Replacement
Your machinery and equipment play vital roles in the smooth running of your business. If you specialise in making coffees, you rely on your coffee machine. If you sell sandwiches and salads, then your fridges are essential.
Think about what happens if one of your core pieces of equipment breaks down. If your coffee machine stops working, then you can't make coffee. If your kitchen fridge breaks down, then you can't store your food ingredients safely; if you store sandwiches in a fridge in your café, then these won't be kept cold enough.
This isn't just about breakdowns. A simple power cut that lasts a few hours could affect your bottom line.
So, it's worth making sure that your business insurance covers machinery breakdown and malfunction. If you have this kind of cover, then you know that your insurer will pay for the repair or replacement of the equipment so you can focus on fixing things as soon as you can.
If any of your café's fridges break down or stop working because of a power cut, then they may well be out of action for a significant amount of time. Even if you manage to get a same-day repair, food may get spoiled if it isn't kept at the right temperature.
If you don't have any back-up fridges to store your stock temporarily, then you may need to write most of your fridge's contents off. This could be a bigger headache if a power cut kills all your fridges at the same time and takes hours to fix.
If your business insurance covers deterioration of stock or food spoilage, then you may, at least, get back some of the money you would otherwise lose. Your insurer would compensate you for any stock that is lost because of a machinery or equipment problem that is listed in your policy.
To find out more about machinery and food insurance, talk to your business insurer. They can give you more information on these features and other coverage that might be useful for your café.