Be ready for the rush: preparing your Business Insurance for the festive season

Retail, hospitality and restaurant businesses see a surge in activity during the festive period – here’s how to make sure your insurance keeps up.

The Christmas season is a golden opportunity for UK businesses, especially in the retail, restaurant, and hospitality sectors. With increased footfall, extended hours and higher stock levels, it’s a time of growth – but also heightened risk. Preparing your Business Insurance now can help you avoid costly surprises and keep your operations running smoothly.

Here’s what to review and update before the festive rush begins:

Review your stock and contents cover

Retailers and restaurants often increase inventory in anticipation of holiday demand. Whether it’s festive menus, gift items or seasonal décor, your stock levels may exceed your usual insured limits.

• Check your policy’s maximum stock value – is it enough to cover your seasonal increase?
• Update your insurer if you’re storing stock off-site or in temporary locations.
• Include high-value seasonal items like tech, alcohol or luxury goods.

Update your Business Interruption Insurance

With higher turnover expected, any disruption during the festive season could hit harder than usual. Business Interruption Insurance helps cover lost income if you’re forced to close due to events like fire, flood or other insured damage.

• Review your estimated gross profit to ensure it reflects seasonal peaks.
• Confirm your indemnity period is long enough to recover from a major incident.
• Consider adding cover for supply chain delays or utilities failure.

Check Public and Employers’ Liability Cover

Winter weather and busy venues increase the risk of accidents. From icy pavements to crowded dining areas, liability claims can spike during the winter months and over the festive period.

• Ensure your Public Liability Insurance covers increased footfall and festive events.
• Confirm your Employers’ Liability Insurance includes temporary or seasonal staff.
• Always document safety procedures and staff training throughout the year to support any future claims.

Hospitality-specific considerations

Hotels, pubs and event venues often host Christmas parties, corporate gatherings and New Year celebrations. These bring unique risks:

• If you’re hosting live entertainment or fireworks, check for event-specific cover.
• Review your alcohol licensing and liability – especially for late-night trading.
• Ensure your Contents Insurance includes festive decorations and rented equipment.

Avoid auto-renewals – review your policy now

Many businesses let their insurance auto-renew without checking if it is still adequate. But with seasonal changes in turnover, staffing and operations, now is the time to reassess.

• Work with a broker to compare quotes and review your cover.
• Ask about flexible policies with seasonal stock increases that adjust with your business needs.
• Keep documentation up to date – especially receipts, staffing records and risk assessments.

Final thoughts

The festive season should be a time of celebration, not stress. By reviewing your Business Insurance now, you can focus on serving customers, increasing revenue and making the most of the holidays.
Need help reviewing your policy? QMT Commercial is here to guide you – so you can trade confidently this Christmas. Simply get in touch with one of our helpful advisors.