Do you ever wonder how you’d cope without your licence to sell alcohol? It’s a fairly sobering thought. However there are things you can do to safeguard your livelihood and business in the event this happens. You can add loss of licence insurance to a policy provided by us; it’s simple to sort out and can protect you financially if disaster strikes.
Protect your livelihood
Losing your legal right to sell alcohol could have a significant impact on your business and could mean shutting your bar entirely. There are a number of reasons why publicans or restaurant managers might lose their licence, often through little fault of their own. Local crime, public safety and public nuisance can all play a part.
At Small Business Direct we can help you get back to thinking about cocktails, rather than paper trails, by taking the sting out of a lost licence notice. The most important cover we can source can protect you from any fall in gross income or reduction in value of your business or premises, as a result of losing your licence in circumstances beyond your control. We can also help cover any accounting and auditing expenses. Plus most insurers will pay out on other reasonable costs and outgoings, if you keep them informed. It’s worth noting, though, that you wouldn’t be covered if you had failed to carry out your normal duties as a licence holder, or allowed the building to become unfit or unsanitary.