BEDA warns of late-night insurance hike

- Last updated on GMT

Related tags: New licensing act, Risk, Risk management, Insurance

Licensees could find soaring insurance premiums the main barrier to late-night opening when the new Licensing Act finally comes into force. Hosts...

Licensees could find soaring insurance premiums the main barrier to late-night opening when the new Licensing Act finally comes into force. Hosts wishing to extend trading into the small hours may find insurers loading premiums due to the extra risk late opening involves, claims the Bars Enter-tainment & Dance Association. BEDA chief executive Jon Collins has warned that comprehensive risk assessment surveys and extra security measures such as doorstaff and CCTV may be required to persuade insurance companies to cover premises for a reasonable charge. "There seems to be a presumption that the later a premises remains open increases the risk of accidents and other incidents associated with drinking and entertainment," he said. "Licensees may well have to demonstrate they are fully aware of this enhanced operational risk." The warning comes in the wake of an increasing number of insurers loading premiums and refusing to extend cover on late-night premises. One north Wales hotelier, Mike Faulkner, who runs the Tower Hotel, Pwllheli, said his insurer had just refused to continue covering his sole late-night opening bar. "It seems to me the vast majority of licensees who are becoming aware of the insurance problem are re-thinking their plans for late opening.

Related topics: Professional Services & Utilities

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