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Catering equipment is expensive and if anything goes wrong such as breakages or theft, you may suffer huge set-backs if you can’t really afford to replace it in a hurry. You may suffer large profit slumps if you can’t produce food as quickly you usually would. Catering insurance can not only cover your equipment but also your customers, your employees, the food you send out and if you operate a mobile catering business, they can cover your vehicle fleet.
Mobile catering is a fast growing business, you will often see an army of these vehicles offering all foods imaginable at festivals, concerts and funfair’s. Mobile caterers can also cover weddings, corporate events and other similar occasions. Mobile catering compared to the traditional set-up such as a shop or restaurant, has relatively cheap set-up costs. Without expensive buildings to rent you will need a much smaller start up fund. Mobile catering is just like any other business and has the same odds against them, including the hazards of being mobile and using public highways. Different types of vehicles can used for mobile catering from small trailers dragged behind a normal vehicle, food carts, large vans or trucks witch can not only deliver and sell the food, but cook the food inside them to in industrial quality kitchens. Insuring the vehicle is necessary and you need to let your insurers know you are using your vehicle for business. They may not cover you and you may need to find specialist insurance from a company such as NCASS (Nationwide Caterers Association or Simply Business. Most mobile caterers in the UK offer a comprehensive combined liability insurance package which covers all issues including up to £10 million to cover, public liability, products liability and employer’s liability including busy periods and over time.
If you are just about to start up your own catering business, be it in a pub or restaurant you may wish to purchase all your catering equipment from the same place, such as the cash and carry Makro. Purchasing all your equipment from the same place can ensure conformity, giving your kitchen a professional feel and easy flow, making your chefs job’s easier. You will also build a relationship with the supplier making any later repairs or further purchases at a later date, easier. One of the biggest investments involved with setting up your business will be kitting out your kitchen. You will need expensive industrial grade catering equipment and your kitchen needs to flow, allowing your food to flow seamlessly from the prep area to the cook line and onto the pass towards your customers table. There are some places you can save money, renting equipment or leasing it is a great idea on certain pieces of kit. Items such as ice machines are ideal to rent due to their short life span. Big industrial ovens and steamers are ideal to buy second hand due to their long life and high cost.
One are you will not wish to scrimp on is your insurance. Protecting yourself from expensive lawsuits is imperative to business owners. You may also wish to investigate Loss of business insurance, that will help recoup some lost revenue or something totally out of your hands happens near your business. You may also wish to check out specific peril insurance, this covers natural disasters such as earthquakes, hurricanes, floods or power outages. A more in depth guide into the different kinds of insurance can be found online at about.com.