Restaurant insurance in Barnstaple

Barnstaple is the gateway to North Devon's coast, and its restaurants lean heavily on the summer visitor trade that pours through the town. That seasonality shapes the single most important cover a restaurant here can hold.

Where the risks come from for Barnstaple restaurants

A restaurant that makes much of its money in a short season has everything riding on those weeks, and a fire, flood or other closure in the middle of summer does not just cost the repair, it wipes out the trade that carries the whole year.

A Barnstaple example

A fire closes a Barnstaple restaurant in July, at the height of the season, and it cannot reopen for three months. The lost summer takings far exceed the physical damage. Business interruption cover, set to reflect the seasonal peak rather than an average month, replaces the profit the restaurant would have made.

What restaurant insurance covers

Business interruption is the cover that replaces lost profit and meets ongoing costs while a restaurant is closed by an insured event, and for a seasonal business the sum insured and indemnity period must reflect the peak. It works alongside the buildings, contents and liability cover.

Placing it in Barnstaple with Apex

We size business interruption to how a restaurant actually earns, seasonal peaks included, so a summer closure does not become a lost year. Apex arranges cover through one named broker and specialist hospitality markets. FCA authorised; established 2009.

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