Nightlife operators are forever evolving and developing their venues; bar owners are no exception. UK cityscapes are now host to a diversified pool of coffeehouses and brew houses, sports bars and wine bars, arcades and cocktail lounges. British culture is incredibly reliant on our portfolio of watering holes not only for identity but for our economy.
Wine bars blend new trends with age-old traditions, they remain essential to our culture and offer customers a varied experience. However, many dangers put this diversification at risk. Tight profit margins, new legislation, licensing regulations and legal issues make managing a venue one of the most difficult and complex endeavours. NDML understands this, and it’s our mission to work alongside bar owners to deliver insurance that is suitable for their venue.
Wine bar insurance aims to address the needs of wine bars, and in turn, a key section of our city’s landscape. Brokers will take into account your needs, provide guidance, and help develop an insurance policy that fits your requirements. This can include your building, business operations, belongings, staff and customers. NDML are dedicated to working with you and insurers to find a suitable insurance solution for your wine bar.
Wine bar owners may require a range of insurance options within their policy. This will help cover against unlikely scenarios, large and small. Some insurance options you should double check are included within your wine bar policy include:
– Public Liability insurance for a wine bar can cover you against slips trips and third-party damages. This is essential for every business.
– Employers’ liability insurance can protect wine bar owners against claims made by employees.
– Buildings and contents insurance for wine bars is recommended for the protection of your premises against theft fire and flood.
– Directors’ and Officers liability for bar owners can cover the compensation costs of claims made against CEOs and company directors.
– Business Interruption insurance for wine bars can cover against any loss of business due to the aftereffects of a claim or unforeseen circumstance. For periods you cannot carry out business, this insurance policy can cover the loss of income in line with the profit you would have made subject to agreed limits.
– Loss of Licence policy can protect against the negative effects of having your license revoked.
– Stock insurance can cover the cost of replacing stock if its damaged, lost, stolen or destroyed.
– Money insurance can protect your bar’s money on site as well as any finances in transit to the bank.
All covers are subject to policy terms, conditions and exclusions.
We work with a wide range of establishments, including: wine bars, late bars, cocktail bars, sports bars, Irish bars and American bars. We offer commercial combined cover as well as business protection. We also offer additional covers which are recommended for clients of a certain type or area. We want to help grow the sector by protecting it.
The cost of a bar insurance policy varies. Factors which affect the cost include the size of your venue, the capacity, the location, the condition and your insurance history. NDML can perform a risk assessment and help you to select a policy which is suitable for your bar.
Employers’ liability insurance is required by law for UK businesses. Public liability insurance is recommended to cover the possibility of an injury claim and buildings and contents insurance will cover against instances such as damages or theft. There are many types of insurance a bar may need. NDML can assess your needs and support you in selecting a suitable insurance policy.
The law requires you to display your employers’ liability insurance certificate. It does not need to be immediately visible to customers, but it does need to be readily accessible to you employees. In 2008, the legislation was amended to allow business to display their certificate electronically.
