Plans to extend licensing hours for pubs, restaurants and bars during celebrations for The Queen's Diamond Jubilee have been approved in the House of Lords.Should it now also be approved in the House of Commons, the Publicans' Morning Advertiser (PMA) reports that automatic licence extensions will be granted until 1am on Saturday June 2nd and Sunday June 3rd.
Home Office minister Lord Henley said: "A small relaxation of licensing hours will benefit premises that would otherwise have used a temporary event notice to open late.
"This … will save businesses in England and Wales between £280,000 and £480,000."
For hospitality businesses, a licence is a vital part of their operations and should be protected with adequate restaurant insurance or pub insurance.
The 'loss of liquor licence' section of a business insurance policy will cover a firm if, for any reason, it loses its licence due to circumstances outside of its control.
This will cover it up to £100,000 against loss of profit or the depreciation in the value of the property should it be sold.
