There are various risks that come with having a public house. However worry no more. Public house insurance offers the most useful policies that your pub needs to adequately cover the lawsuits from third parties, protect employees, and comply with the insurance requirements.Â
This article guides you on pub insurance, the functions of policies including the cost of premiums, and the best companies.Â
Pub Liability Insurance
General liability, product liability, and liquor liability policies are considered as public liability insurance. The sections below explain how each of these works.Â
General Liability Insurance for Pubs
Accidents involving customers can be very costly. You’ll spend thousands or millions depending on the severity of the customer’s injury or the priciness of the damaged property. Your pub can operate without worrying about the cost of claims for bodily injuries or property damage with the help of general liability insurance.
Here the insurance company offers the best general liability policy in its pub and restaurant insurance package.
CoverWallet | NEXT (Best) | Thimble | FLIP | Hiscox | |
Per occurrence limit | $1,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 |
Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 |
Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $100,000 |
Waiver of subrogation included? | Yes | No | Included | Excluded | Can be included |
Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Excluded | Can be included |
Food-borne illness endorsement included? | No | Yes | Yes | Yes | Can be included |
Can you get a certificate of insurance online? | Yes | Yes | Yes | No | Yes |
Name additional insureds? | Yes | Yes | Yes | No | Yes |
Deductible | $0 | $0 | $0 | $0 | $0 |
Liquor Liability Insurance for PubsÂ
Include a liquor liability policy to a commercial pub insurance if some of your pub’s sales come from beer, wine, spirits, and other types of liquor.
The liquor liability insurance limits available will be determined by your pub’s sales from alcohol. But for starters, expect insurance companies to sell $500,000-$1 million liquor liability insurance.
What is Product Liability Insurance?
A product liability policy is the pub business insurance that will take care of costs if a guest files a claim after experiencing nausea, allergic reactions, breathing difficulties, headaches, dizziness, and other conditions after consuming your beverages and dishes.Â
Commercial Property Insurance for Pubs
A commercial property policy in pub and bar insurance protects your physical location against fire, theft, vandalism, weather, lightning, and other covered perils. Use the table above to see which insurance company offers the best commercial property insurance for pubs.Â
CoverWallet | NEXT (Best) | Thimble | Hiscox | |
Building coverage limit (minimum) | $50,000 | $25,000 | $25,000/$500,000 | $25,000 |
Contents coverage limit (minimum) | $50,000 | $25,000 | $25,000/$500,000 | $15,000 |
Outdoor signs | Excluded | $2,500 | Excluded | Included |
Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Included |
Money and securities | Excluded | $2,500 | $1,000 | Included |
Lock and keys | Excluded | $2,500 | Excluded | Included |
Business interruption floater | Excluded | Included | Included | Included |
Equipment breakdown floater | Excluded | Included | Excluded | Included |
Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded |
Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded |
Pub Contents Insurance
Pub contents insurance is an automatic add-on to the commercial property policy of pub business insurance bundles.Â
This grants coverage if the covered exposures in the language of commercial property insurance cause the damage or destruction of lighting, furniture, utensils, cooking equipment, and other valuables inside your pub.Â
Get all the best quotes from leading providers in a click of a button!
Business Owner’s Policy for Pubs
A business owner’s policy allows you to enjoy a discount on premiums. Moreover, it fuses your general liability policy and commercial property insurance into one policy document. And this makes things easier.
CoverWallet | NEXT (Best) | Hiscox | Thimble | |
General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 |
Commercial property coverage limit | $50,000 | $300,000 | $25,000 | $25,000/$500,000 |
Optional policies can be added? | Yes | Yes | Yes | Yes |
Name additional insureds for free? | Yes | Yes | Yes | Yes |
BOP discount? | Yes | Yes | Yes | Yes |
Tools and Equipment Insurance for PubsÂ
Tools and equipment insurance solely covers the valuables that are integral for the operations of your pub such as sound systems, cooking equipment, lighting, beverage dispensers, point of sale machines, and telephone.
NEXTÂ | Thimble | Hiscox | |
Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 |
Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No |
Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes |
Offered as an endorsement to general liability insurance? | Yes | Yes | Yes |
Deductible | $500 | $500 | $0 |
Workers Compensation Insurance for PubsÂ
One of the requirements for operating a pub legally is purchasing workers’ compensation insurance. Workers’ compensation insurance will take care of medical treatment, lost wages, medication, and even death benefits if a part-time or full-time employee sustains a work-related injury or disease.Â
Other Types of Insurance to Consider GettingÂ
The following are endorsements and additional insurance policies that might be offered in your pub business insurance package.Â
Cargo Insurance
Cargo insurance is coverage for incoming stocks and equipment. If the stocks and equipment you’re about to receive get damaged or lost during transit due to fire, theft, vandalism, or mysterious disappearance, cargo insurance will reimburse your losses.Â
Pub Insurance CostÂ
The average cost of pub insurance is $85 per month or $1,020 per year for a $1 million general liability coverage. This pub insurance cost estimate is based on the following factors:
- Location
- Deductibles
- Claims history
- Policy limits
Cost per Month | Cost per Year | Deductible | |
Liquor liability insurance | $115 | $1,380 | $500-$1,000 |
Commercial property insurance | $105 | $1,260 | $1,000-$2,500 |
Business owner’s policy | $180 | $2,160 | $500-$1,000 |
Workers compensation insurance | $200 | $2,400 | $2,000-$5,000 |
Employee dishonesty insurance | $90 | $1,080 | $1,000 |
Cargo insurance | Depends on the value of cargo | Depends on the value of cargo | $500-$1,000 |
Get all the best quotes from leading providers in a click of a button!
Best Pub Insurance Companies
NEXTÂ
NEXT doesn’t have a pub insurance package. However, it can cover you through its restaurant insurance.Â
Average cost: $25 per month
Our rating: 10/10
Pros
- Best overall
- Issues an online proof of insurance instantly
- Fastest general liability insurance for pubs
- Great customer service and reputation
- Excellent rates
- Outstanding value for money
- Get a 10% discount if you buy two or more policiesÂ
Cons
- Couldn’t find any
CoverWalletÂ
CoverWallet covers pubs through its food and accommodation insurance package. Since this company is an insurance broker, the policies that comprise the insurance bundle provided will come from partners.Â
Average cost: $39 per month
Our rating: 10/10
Pros
- Compare quotes online
- Name an unlimited number of landlords in your general liability policy
- Waiver of subrogation included
- Easy online policy managementÂ
Cons
- Not an insurance company but an insurance brokerÂ
TivlyÂ
Tivly is sure to grant coverage even if no other carrier is willing to help you out. It doesn’t sell a pre-made pub and bar tavern insurance package. Instead, your policy bundle is created based on the characteristics of your business.Â
Average cost: $40 per month
Our rating: 10/10
Pros
- Responsive customer service
- Insurance companies will recommend Tivly if they can’t help you out
- A trusted partner of many carriers
- Compare quotes over the phone
Cons
- You need to call to get a quoteÂ
Thimble
Thimble doesn’t have a pub insurance package and will cover you through Tivly’s help. However, Thimble’s restaurant insurance program is available for public houses.Â
Average cost: $40 per month
Our rating: 9/10
Pros
- Issues an online certificate of insurance
- Sells an event insurance bundle if your pub organizes eventsÂ
- On demand coverage
- Quick to issue an estimate of your rates
Cons
- Refers customers to Tivly
HiscoxÂ
Hiscox covers pubs through its restaurant insurance program. Hiscox allows you to customize your limits and even include upgrades. As for its ultimate perk, Hiscox is good because your coverage renews automatically every year.Â
Average cost: $45 per month
Our rating: 9/10
Pros
- Get covered online or with the help of an agent
- Seamless claims filing
- Offers a discount on the premiums of its business owner’s policy
Cons
- Has a lot of negative feedbacks from BBB