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Bateman Group Logo
Bateman Group Logo

Vending Machine Insurance

    An exclusive product from The Bateman Group, providing the Vending industry with a specialist insurance solution.

    Why choose us for your Vending Machine Insurance

    Ensuring that your machines and stock are covered at any location or in transit, whilst also covering your Employer’s and Public Liability cover, Bateman Group’s in-depth knowledge of the Vending industry and unique access to specialist underwriters will ensure that cover is specifically tailored to your individual business needs.
    Having relationships with industry groups and having built a large customer base over a number of years, we have tailored an extensive, flexible insurance product for Vending operators and we hope to leave you with loose change with our competitive rates.

    Helping the UK with Vending Machine Insurance since 1967

    Why The Bateman Group?

    • Established since 1967
    • Personal service – nominated point of contact
    • Annual reviews
    • 100% independent consultants with access to whole of market
    • Capacity & experience to place non-standard/specialised risks
    • Experienced ‘in-house’ support team
    • Swift issue of policy documentation
    • Rapid claims handling
    • 3,000 clients across the UK

    Key features of our cover include:

    • Material Damage and theft cover for stock and machines at third party locations – £25,000 per location
    • Property – Buildings and General Contents can be included
    • Automatic Employer’s Liability cover at £10 million
    • Public & Products Liability – Cover limit £2 million with options to increase to £5 million or £10 million
    • Business Interruption (based on gross profit over 12 months indemnity period) – £500,000
    • Goods In Transit cover – £5,000
    • Money (in transit & on premises during business hours) – £3,000
    • Book debts – £20,000
    • Personal Accident / Assault – £10,000 (up to)
    • Low excesses – £100 for general contents and vending machines and £50 money excess
    • Legal Expenses £100,000 (included upon request)

    Vending Machine InsuranceFAQs

    What is Vending Machine Insurance?

    Our Vending Machine Insurance is a bespoke package built specifically for your vending machines to provide cover for day-to-day risks. The package contains everything required for your machines to be fully protected, including cover such as theft, fire, damage, public liability, plus many other areas of protection.

    Why do I need Vending Machine Insurance?

    Making sure that you are fully covered in all risk areas is our highest priority for you. We package everything you require in one simple premium, so you can rest assured that we have assessed all areas there could be a potential claim, so you are covered in any unfortunate circumstances.

    What does Vending Machine Insurance cover?

    Our Vending Machine Insurance covers many areas of risk such as damage in a fire or flood which could pay for repairs and rebuild, theft of stock, money in transit, public liability insurance in case of any accidents, as the smallest ones can cause the biggest claims, plus many other areas of protection.

    Our expert insurance advisors will assess your needs and put together the best Vending Machine Insurance package for you to ensure the most comprehensive protection that you require. We aim to source the best cover for you at the lowest price from our panel of insurers.

    How does Vending Machine Insurance work?

    The Vending Machine Insurance package is a selection of covers that you would require to protect your vending machines against the risks it faces on a daily basis.

    The way in which we assess the best Vending Machine Insurance package for you, is we take the time to fully understand your requirements, along with the uniqueness of the way your business works and how everything is set up.

    We go into detail to determine the level of risk that is probable on a daily basis, so we can then build the right bespoke insurance package that would protect your vending machines in any of those unfortunate circumstances.

    What if I’ve had claims in the past?

    When a quote is put together for Vending Machine Insurance, we asses your business on an individual basis depending on a number of factors. If you have had claims in the past, we are still able to provide insurance for you, once we establish the whole picture of the risks involved within your business.

    Setting in place risk preventative measures and procedures can dramatically reduce the chances of the claimed risk happening again. These efforts can also help increase the number of insurers that we are able to approach to provide you with the most comprehensive and most competitive priced Vending Machine insurance package for your current level of business risk and previous claims.

    Is it required for my business to have ‘Employers’ Liability Insurance’ if I employ staff?

    If your Vending machine business employs any staff, such as full-time, part-time, labour-only subcontractors, or even volunteers, then it is a legal requirement for your business to have employers’ liability insurance as part of your Vending Machine insurance package. This certificate of insurance should also be prominently visible or at least accessible electronically to all employees within your business.

    What are the dangers of getting the cheapest online quote?

    Statistically, most of the time that people are enticed into purchasing the cheapest online quote from one of the aggregator sites you see on TV, is that you are at high risk of being underinsured. This is because the systems just give you the price based on the information you have added without any expert insurance guidance. You may have unknowingly not ticked something, or put in the wrong information from what the system was asking of you, and of course, no one reads the small print, so there might be something there that can prevent you from getting a claim paid out when you need it most.

    The good thing with getting your Vending Machines Insurance with The Bateman Group is that we are here with you as your trusted insurance advisors every step of the way, who you can actually speak with and visit in person if you want to. You can rest assured that when you take out Vending Machine Insurance policy with us, that we will ensure that everything is correct to give you the highest chance of getting a claim paid out if anything unfortunate was to happen to your equipment or stock.

    Do I need to list every single item type?

    It is not required to list every single item type of stock you would like to insure, as long as you specify the total value. We know that stating the entire variety of stock in your vending machines can seem a very daunting and also expensive, time-consuming task, which is why when you take out a quote with us for Vending Machine Insurance, that we will keep everything concise, simple and straightforward for you. At the same time also keeping a high level of detail and expertise in your policy wordings, that our insurance advisors will work on to ensure you are fully covered in any circumstance, and also making you aware of all the options and potential risks.

    How can I correctly value my building?

    The value of your buildings sum insured is calculated based on the cost of how much it would take to rebuild the property to you, rather than today’s market value. This would include the labour and the materials, especially if you are able to source the required work at a reduced cost. Don’t forget to take into account other areas such as design costs, legal fees, professional advice, planning, site clearance and removal expenses.

    We are not professional valuers and do not offer that service. We would always recommend that you obtain a professional valuation on a regular basis to ensure that the sums insured are correct, up to date and in line with market conditions to avoid any risk of “under-insurance” in the event of a claim, which could affect the outcome of any payment.

    If you are in any doubt regarding the value of your home or possessions, then always seek the advice of an experienced and qualified professional – and if any changes are subsequently required, then contact your insurance broker and/or provider to ensure that the levels of cover are accurate and appropriate.

    Do you provide Vending Machine Insurance in monthly instalments?

    We are able to provide most types of Vending Machine Insurance packages in monthly instalments. Please don’t hesitate to get in touch with one of our insurance experts who will be able to advise on the best solution to ensure the full protection of your vending machines. Please start an online quote at the top of the page or call us on 01926 495 113.