Restaurant insurance in Leamington Spa

Royal Leamington Spa's restaurants trade from elegant Regency and Victorian units, most of them leased rather than owned, with the tenant having spent heavily to fit them out. What a restaurant has put into someone else's building is a substantial and easily-overlooked asset.

Where the risks come from for Leamington Spa restaurants

A leasehold restaurant's fit-out, its kitchen, bar, joinery, decor and services, is the tenant's investment, but it can fall into a gap: the landlord insures the building, the tenant assumes they are covered, and neither properly insures the improvements. A fire or flood then leaves the tenant to fund a fit-out they thought was covered.

A Leamington Spa example

A fire damages a leased Leamington restaurant, and the cost of reinstating the tenant's fit-out, the improvements the restaurant itself paid for, falls to the business. Because tenant's improvements had been properly insured, that cost is met, rather than falling between the landlord's cover and the tenant's.

What restaurant insurance covers

A leasehold restaurant should insure its tenant's improvements and fit-out to full value, distinct from the landlord's buildings cover, so a claim does not fall into the gap between them. This sits with contents, stock, business interruption and the liabilities.

Placing it in Leamington Spa with Apex

We make sure a leasehold restaurant's own investment in the premises is covered, not assumed to be the landlord's problem. Apex arranges Leamington hospitality cover through one named broker. Regulated by the FCA; established 2009.

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