Nightclub Insurance

We all know anything to do with Nightclub Insurance may be not the most exciting thing on earth but it is a necessity and a requirement for Nightclub owners.

I’m not going to go into the ins and outs of the insurance policy in this forum but what I want to give you are 3 top tips you need to be aware so your claim is fully met when (and if) the unfortunate time comes along.

Unfortunately, some insurance claims are rejected by insurance companies simply because the nightclub owner has not adhered to or was not aware of his policy conditions. Your broker should help you out with this and it is also up to you to make sure you have, at least, had a look at your policy document (I know it’s boring but if you don’t it may cost you !). Because of the nature of your business all nightclub insurance policies have numerous conditions and warranties that you should be fully aware of.

So, Point 1 is to read your policy and make yourself aware of its conditions, limitations and your responsibilities.

The next area where a lot of nightclub owners fall down on is the actual application process. It is vitally important to answers the questions on the application form fully and without misrepresenting or concealing. A quick example of this (and I’ve seen this many times) is where the nightclub owner declares his establishment to be a late night bar instead of a nightclub. If you have a dance floor/area, charge on the door and have a late licence, in insurers eyes, it can only be deemed to be a nightclub.

This is the classic insurance company’s escape route to a claim if you have deliberately, accidentally (or otherwise) not answered the questions on the application form truthfully. Again, your insurance broker should be helping you out in this important process.

Point 2 – In your application form answer all the questions truthfully and without concealing or misrepresenting anything.

The last area where nightclub owners fall down on is providing back up information at the time of the claim which invariably leads to claims not being paid in full. No loss adjuster or insurance company is going to pay a claim unless you, the nightclub owner, can provide evidence of receipts, invoices and other financial information. Unfortunately, saying “ I paid cash” won’t wash with insurers…

Finally, Point 3 – Keep all financial documentation in respect of all financial transactions. That could be the difference of getting a claim in full or having it reduced.

Simple boring stuff but much better than losing money!

We’re always here to help out so if you need any advice or help get in touch on 0207 731 3700 or go to www.NightClubInsurance-uk.co.uk

In these difficult times, every nightclub owner (and for that matter every business owner) is looking to reduce overheads and one of the 
first areas that come under the spotlight is insurance.
 
In our experience, we have seen that nightclub owners are quite savvy anyway but I’ll give you 5 tips that you may, or may not have, 
explored.
 
Tip 1. The obvious one is to shop around as there are now more insurers writing nightclub insurance. However, whoever you choose to go with make sure they have been doing this for a while and have the requisite experience as nightclub insurance can be a little tricky.
 
Tip 2. Take an increased excess. As you know this is the first part of  the claim you have to pay (in the event of a claim). Excesses can vary  from £1,000 to £3,000 depending on who you go with. (A little plug… nightclubinsurance.co.uk’s excess can be as low as £500 which leaves  you with more options to obtain further discounts).
 
Tip 3. Re-evaluate your cover without diluting or decreasing it – in other words look at the areas that you can do without. We are not suggesting you underinsure but focus on areas that may not be of high importance ie., can you do without goods in transit cover ? Ultimately, it is a matter of finding the right balance between the cost of insurance and having adequate cover which is always subjective matter.
 
Tip 4. Correctly define your business. This might sound a bit odd but  tell us whether your club is a nightclub or whether it is a late night bar with a late licence. This difference will definitely affect the price you pay. And finally…
 
Tip 5. If you can pay the full annual premium upfront we will also give you a further discount !
 
So there you are… discounts all round…..! or is it drinks ?

Do you know what happens in the VIP Rooms in Lap Dancing venues? Might sex be on offer and how does this impact on the Club and its insurance cover?

What happens if a nightclub gets ‘tagged’ as a place that has a lax policy on drug control? Will your insurance company pay your claim when the time comes? Our Team at Nightclubinsurance-uk has seen this issue countless times !

When your super cool DJ decides to carry out a firework display at your Club do you panic in fear or do you rub your hands in glee at the prospect of more income for your Club? Oh… and what about your insurer ? – how will they view this?

At NightClubInsurance-uk it is our job to make things happen and find solutions for you. Some we can’t but most of the time we do.

If your VIP room is getting a little colourful, talk to us and we’ll advise you what to do. If you think drugs might be an issue, you’re not alone, so again, get in touch with us. And, yes… that famous DJ.. if pyrotechnics and fire are his thing, NightClubinsurance-uk will endeavour to make sure your nightclub insurance policy is accommodating.

Nightclubinsurance-uk aims to make your life easier so when choosing nightclub insurance make sure you partner with someone who has a flexible attitude and can get things done…

For any advice on nightclub insurance contact: www.nightclubinsurance-uk.co.uk

It’s that old chestnut ! Do you just go for the cheapest price or do you look beyond that ?

Nightclubinsurance-uk knows that in these difficult times when most Club Owners are having a hard time it is easy to go for the cheapest option. But is this the wisest decision?

There are numerous insurers in the marketplace with varying degrees of respectability. We know them all so when Nightclubinsurance-uk propose nightclub insurance to our clients we make sure the insurer is solid and, in the event of a claim, it will be paid promptly.

But this solution might not necessarily be the cheapest. Do you therefore want security at a higher price or take a risk at a lower price?

Unfortunately there is no true and trusted answer as nightclub owners fall in both camps. From Nightclubinsurance-uk’s perspective we will always offer quality cover with trusted insurers but if a nightclub owner requests cheap and budget cover we can offer that as well but with the relevant warnings on the tin !

The decision is yours…

For any advice on nightclub insurance contact: www.nightclubinsurance-uk.co.uk