Pubs & Bars + Insurance Claim: The Challenge
As pub owner, preparing bank statements for insurance claim is a common but time-consuming task. Insurance claims for business interruption, theft, or fraud require bank statements as evidence of financial loss. Insurers need clear, organised financial documentation.
How BankScan AI Helps Pubs & Bars with Insurance Claim
Convert your pub bank statements to Excel to reconcile daily takings, match brewery and supplier invoices, and prepare VAT returns accurately. For insurance claim specifically, BankScan AI extracts Pre-loss revenue baseline, post-loss revenue decline, increased cost of working, automatically.
How Pubs & Bars Handle Insurance Claim
When preparing bank statements for insurance claim, pubs & bars need to Pub owners reconcile daily card terminal settlements and cash banking against till Z-readings, match brewery and drinks supplier invoices against bank. BankScan AI automates the data extraction step.
Key terms you'll encounter: Z-reading, wet sales, dry sales, cellar management.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 12-24 months pre-loss for baseline comparison, plus the entire loss period; business interruption claims may need 3+ years of historical data of statements for insurance claim.
AI extracts what you need
Our AI extracts Pre-loss revenue baseline, post-loss revenue decline, increa — formatted for pubs & bars workflows.
Complete your insurance claim work
Download Excel files ready for insurance claim. Month-by-month comparison of pre-loss versus post-loss periods, with seasonal adjustments shown; clear separation of insured versus uninsured losses
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Pubs & Bars — Insurance Claim
- Built for Pubs & Bars — Saves 2-3 hours per week on daily takings reconciliation and brewery payment matching for a typical pub processing 300+ transactions per day
- Software compatible — Output works directly with Xero, QuickBooks, Stonegate POS
- Built for Insurance Claim — Convert bank statements to structured Excel spreadsheets showing income patterns, loss periods, and transaction evidence for insurance claim submissions.
- Key data extracted — Pre-loss revenue baseline, post-loss revenue decline, increased cost of working, continuing fixed costs during interruption, any saved expenses or alternative revenue
Compliance: Pubs & Bars + Insurance Claim
When pubs & bars prepare bank statements for insurance claim, specific compliance requirements apply.
- Licensing Act 2003 compliance requires financial records demonstrating responsible management. HMRC scrutinises cash-heavy businesses more closely, and pubs must maintain detailed records of cash and card takings. VAT on alcohol, food, and soft drinks may have different rates. Machine gaming duty applies to fruit machines.
- Legal basis: Insurance Act 2015 (duty of fair presentation); policy-specific claims conditions; Financial Ombudsman Service rules on fair claims handling
Insurance Claim — Built for Pubs & Bars
Most policies require notification within 30 days and full claim submission within 6-12 months; delays give insurers grounds to question or deny the claim
Try Free — Pubs & Bars + Insurance Claim