Nightclub Insurance – What You Need To Know
It is vital that your nightclub has the correct insurance due to the nature of your trade. Alcohol, loud music and flashing lights create a fun atmosphere that is unfortunately at high risk of trips, slips and thefts. In order to keep your customers and staff safe in busy conditions, there are a variety of specialist nightclub insurance UK options you can choose for your business.
Having the right insurance will protect your business, staff, customers and reputation. It will minimise the risk of losses, and should financially protect your business should the worst happen.
Read on to discover the different types of insurance you need for your nightclub.
Public Liability Insurance
Firstly, Public Liability Insurance is essential for any business that associates with the public, with a nightclub being a prime candidate. This type of insurance is important as it protects you and your company should any accidents or damage that occur on your property.
The right policy will cover you for any legal costs. If a claim is made and is successful, most compensation payments will be covered under the public liability section of your insurance policy.
Employers Liability Insurance
This type of insurance covers your nightclub in the same way that Public Liability Insurance does but with special protection for staff. Employers Liability insurance is a legal requirement if you employ any number of staff; this can be full, part time, or even volunteers.
Public and Employers Liability insurance minimises the risk of costly claims.
Busy venues are a target for thieves. Contents insurance allows you to cover expenses for your business. Furthermore, if your nightclub suffers damage from an insured peril, your insurance will ensure funds for any repair work or replacement of goods.
Specialist nightclub insurance is essential due to the unique nature of a nightclub venue. For example, there may be special events that involve live music, foam, pyrotechnics or inflatables. Your venue should assess any potential health and safety risks for each special event, and contact their insurance broker to make sure they are insured for such events. You need to make sure you are so that should an incident occur, your specialist nightclub insurance policy covers any third-party compensation.
Similarly, a DJ, dancer or entertainer should be fully insured to carry out their role. It is important that you check the insurance of anyone that you invite into your business to provide a service. Failing to do so can invalidate your insurance, and leave you open to any claims that the third party incurs.
Loss of License
Certain conditions can lead to the loss of your alcohol license. In this rare event, your nightclub insurance will cover you for your loss of profits over a defined period. Click here for more information on alcohol licensing. Assault, overcrowding or selling alcohol to underage customers can all contribute to the loss of a license.
How Much Does Nightclub Insurance Cost?
The cost of nightclub insurance will vary depending on each venue. At Edison Ives, we stand out from other nightclub insurance companies. We offer personal and bespoke pricing after a full review so that you never pay more than you need to.
About Edison Ives
We love to get you the best price possible for the right amount of insurance cover you need. Our belief is that failure to secure the right insurance could be the most expensive mistake you ever make. This is why we specialise in independent or unique businesses; we know that one size does not fit all.
Find out how we are different to other nightclub insurance companies – get in touch with us today.