More good news for agents with a taste for the British takeaway market as rates for fish and chip shops dive faster than the Bank of England base rate. Insurers are keen to attract even more fish and chip shop business especially those risks with an excellent claims history and whose frying range is less than 15 years old and they can now do so with a 10 per cent cut in rates.

It is not just a case of jumping out of the frying pan and into the deep fat fryer as insurers have increased the takeaway and restaurants rates by an average 7 per cent in line with the rest of the UK insurance market. The scheme remains one of the most competitive available. There has also been an increase on rates for Indian food restaurants and takeaways

Reminder: The minimum premium for takeaways is £476.25 reducing to £345.00 for restaurants, cafes and coffee/tea rooms.