Food and Beverage Insurance
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Food and Beverage Insurance for your business.
Whether you run a cafe, restaurant, take-away store, or even a home-baking operation, you’ll need F&B insurance to protect your business. F&B insurance from Provide starts with property insurance, so that your premises and inventory are protected. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability, and employee theft.
It’s quick, tailored, and affordable cover with Provide.
What types of insurance do Food and Beverage businesses need?
Cover | Explanation | Importance for F&B industry |
Work injury insurance | Covers work-related injuries/sickness, including Covid-19 infections | Compulsory for back-of-house (e.g. kitchen staff, dishwashers) |
Foreign worker medical insurance | Covers medical expenses (e.g. hospitalisation and surgery) | Compulsory for foreign workers |
Commercial property insurance | Covers fire, water damage, burglary, etc. | Critical |
Public liability insurance, with food poisoning extension | Covers customer injuries, and third-party property damage (e.g. during renovations) | Critical |
Fidelity guarantee insurance | Covers employees stealing money from you | Good to have |
Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much does Food and Beverage insurance cost?
Cover | Coverage amount (example) | Typical premium | Explanation | Importance for F&B industry |
$100,000 | From $100/year | Covers: – Store premises – Inventory – Equipment – All other store contents – Plate glass (e.g. shop windows) | Critical | |
$100,000 | From $100/year | Covers liability if customers get injured in your store. Covers liability if you damage other people’s property (e.g. during renovations/repair work). | Critical | |
Work injury compensation insurance
| $10 million annual limit (market standard, required by Singapore law) | Sales assistant/cashier: $10/month, per worker Office-based roles: $5/month, per worker
| Covers work-related injuries/sickness, including Covid-19 infections. | Critical |
$5,000 | From $100/year | Covers employee’s stealing money from you. | Good to have |
Why use Provide for Food and Beverage insurance?
– Save up to 25% on your premiums
– Compare quotes from multiple insurers
– Industry experts to provide tailored advice
– Available by phone 7 days/week
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