Restaurant and takeaway insurance is essential to cover risks associated with food businesses. Here are the typical components and details to consider when insuring a restaurant or takeaway:

1. Public Liability Insurance

• Purpose: Covers claims if a customer or member of the public is injured or if their property is damaged on your premises.
• Coverage: Includes compensation for injuries, medical expenses, and legal fees.
• Recommended Limit: Often up to $1 million to $5 million, depending on the size and location of the business.

2. Product Liability Insurance

• Purpose: Protects against claims related to the food or drink served, such as food poisoning or allergic reactions.
• Coverage: Legal fees, medical expenses, and compensation for the affected party.
• Recommended Limit: Similar to public liability, typically up to $1 million or more.

3. Employer’s Liability Insurance

• Purpose: Required by law if you have employees; covers claims if an employee gets injured or sick because of work.
• Coverage: Medical expenses, rehabilitation, and compensation for employees.
• Legal Requirement: In many countries, it’s a legal requirement, with fines for non-compliance.

4. Contents & Stock Insurance

• Purpose: Covers damages or loss to equipment, furniture, stock, and other contents from fire, theft, flooding, or vandalism.
• Coverage: Replacement or repair costs for equipment, furniture, and stock.
• Considerations: Seasonal fluctuations in stock should be accounted for in the policy.