Restaurant insurance in Oxford

Oxford's restaurants do a great deal of their trade on booked functions, college dinners, tourist groups, celebrations and events reserved well in advance. When a booking that a restaurant has counted on falls through, the loss is already on the books.

Where the risks come from for Oxford restaurants

A restaurant that takes large advance bookings is exposed if an insured event, a fire, a flood, a closure, forces it to cancel them, losing not just a night's covers but a function the whole week may have been built around. The lost bookings are a real and identifiable loss.

An Oxford example

A flood closes an Oxford restaurant in the week it was due to host several large booked functions, and all of them must be cancelled. Business interruption, reflecting the lost booked trade rather than an average night, meets the profit those functions would have made, over and above the physical repair.

What restaurant insurance covers

Business interruption should reflect a restaurant's booked and function trade, not just its walk-in covers, so cancelled bookings after an insured event are properly met. It sits alongside the buildings, contents, stock and liability covers.

Placing it in Oxford with Apex

We size the interruption cover to a restaurant's real trade, booked functions and all, so a forced cancellation is covered. Apex arranges Oxford hospitality cover through one named broker. FCA authorised; established 2009.

Related

• Public liability insurance Oxford
• Employers liability insurance Oxford
• Commercial vehicle insurance Oxford
• Business insurance Oxford