News

10 February 2020

Policyfast recognises that the food and hospitality sector, in the current market, can be a difficult place for brokers; by partnering with SSP we are offering brokers another way to trade with us, in addition to our web portal, email and face-to-face. This is now live on the SSP commercial e-trading platform.

We have specifically designed a policy for the food and hospitality sector in conjunction with our sister company City Underwriters, who have considerable experience of underwriting businesses of this type.

Our areas of expertise

• Restaurants
• Fast Food Takeaways
• Fish and chip shops
• Cafes
• Pubs
• Wine Bars
• Outside Caterers
• Other aspects of the Food and Drink industry

Key benefits included

• Legal costs & expenses (and Employment Compensation Awards)
• Seasonal increase of stock - up to 25% at Christmas and Easter
• Material damage providing full perils
• Accidental damage cover

Standard minimum limits

• Business Interruption - £500,000 12 months indemnity period
• Book Debts - £10,000
• Goods in Transit - £1,000
• Loss of Licence - £100,000
• Frozen Food - £2,000
• Glass/Signs/Blinds - £10,000
• Employers Liability - £10,000,000
• Public/Products liability - £2,000,000

(Higher limits are available on request for all)

Even though this is an online product you can still speak to our underwriters or refer risks that may not immediately fit the online process.

For more details on product benefits and sales please speak to our Head of Broker Development Steve Barnett on 07968 589 461 or go to www.policyfast.co.uk

For technical issues please contact Peter Bowen on 07384 463 505.