Loss of licence insurance

Q: Can my business be insured if I lose my alcohol licence?

If you lose your licence to sell alcohol due to circumstances outside of your control, loss of licence cover can provide you with protection. It can include loss of sales cover (less relative purchases) directly attributable to the loss of the liquor licence and the reduction in the value of the licensed premises (subject to certain exclusions). Loss of licence cover can also be included as an extension to your standard business policy.

Q: Can I protect my guests’ and employees’ personal possessions?

There is an additional option available to provide cover for loss or damage to guests’ and employees’ personal possessions. This can ensure valuable items held on the premises such as computers, jewellery, money and sports equipment are covered. Levels of cover differ for the various effects, and we can talk through the options with you.

Q: What level of buildings insurance do I need for my business?

Buildings insurance provides protection for your hospitality business against unforeseen events like fires, floods and storms. It can cover permanent fixtures such as the roof, walls, ceilings, door, windows, floors, kitchens and bathroom suites. The policy level should cover the cost of rebuilding, rather than the market value of the premises.

Q: How does theft of takings cover work?

Takings on the premises can be covered by money insurance, which includes cash, cheques, postage stamps and other non-negotiable money. Personal assault cover can be included to provide compensation to you or a member of your staff following injury from a theft or attempted theft of money. Any damage to the building during a theft could be covered by contents insurance.

Q: How much does hospitality insurance cost?

Hospitality insurance is based on the individual needs of your business. We’ll work with you to review your options so that you can access a business insurance that meets the requirements of your business and ensures you are covered. Get in touch with us to find out more.

Q: Can you cover me if I expand to another location?

Yes, we can arrange cover for additional locations as your business grows. Speak to our team to discuss your needs.

Q: What is business interruption insurance for hospitality businesses?

If your business suffers from an insured loss, such as a fire, business interruption cover can provide funds to help top up shortfalls in your trade. These type of policies usually give cover on a loss of gross profit basis. The cover limit is usually provided in set blocks of either 12, 24 or 36 months, which depend on the length of time it would take for your business to recover from the insured incident. Get in touch with us to discuss business interruption insurance for your hospitality business.

Q: What are the benefits of insurance for hotels?

Hotel insurance can provide protection and could cover your business against the legal liabilities and risks that running a hotel might bring. Contact us to see if we can find cover for your hotel business.

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What is loss of licence insurance?

If your business relies on a licence to sell alcohol, the loss of that licence could severely impact your operations. Loss of licence insurance could help protect your business from the financial strain caused by losing this essential licence. Loss of licence business insurance is designed to help cover the costs associated with the loss of your alcohol licence.

Loss of licence insurance provides coverage if your business loses its licence to sell alcohol due to circumstances beyond your control. Whether it’s due to changes in licensing laws, a decision by your local authority, or a complaint related to public nuisance or public safety, this insurance could help cover costs and expenses associated with the loss. Having insurance for loss of licence could be essential for businesses that depend on selling alcohol, such as bars, restaurants, or pubs.

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What does loss of licence insurance cover?

Loss of licence insurance policies are tailored to cover key risks, including:

Loss of licence cover

This can cover your business if you lose your alcohol licence due to decisions made by your local authority, public complaints, or changes to licensing laws.

Costs and expenses

This policy can cover with the costs and expenses your business incurs as a result of losing its licence, helping to minimise financial damage.

Wide range of risks

Loss of licence cover can protect against a wide range of risks, such as breaches of public safety regulations or allegations of a public nuisance.

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What can cause loss of licence?

There are several reasons a business may lose its licence, including:

Public Complaints: Complaints from local residents or customers regarding public nuisance or violations of public safety regulations could lead to a review or suspension of your alcohol licence.
Changes to Licensing Laws: If licensing laws in England and Wales change, your business may no longer comply, resulting in a loss of your licence.
Local Authority Decisions: Your local authority could revoke or suspend your licence if they believe your business is no longer meeting the required standards for selling alcohol.

Who needs loss of licence insurance?

Pubs, bars and restaurants

If your business or premises relies on selling alcohol, the loss of your licence could lead to significant revenue loss.

Hospitality businesses

Venues such as hotels, clubs, and events spaces that sell alcohol may also require this insurance.

Licensed premises

Any business or premises authorised to sell alcohol in the UK may need loss of licence business insurance to protect against unforeseen regulatory issues.

Hospitality insurance FAQ's

If you have a question about your hospitality insurance, you might find the answer here in our FAQs.

Can my business be insured if I lose my alcohol licence?

Can I protect my guests’ and employees’ personal possessions?

What level of buildings insurance do I need for my business?

How does theft of takings cover work?

How much does hospitality insurance cost?

Can you cover me if I expand to another location?

What is business interruption insurance for hospitality businesses?

What are the benefits of insurance for hotels?

For more information on protecting your business, check out our FAQ's Hub

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Loss of licence insurance provides coverage if your business loses its licence to sell alcohol due to circumstances beyond your control.

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Compare from leading insurers
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What is loss of licence insurance?