Food and Beverage Insurance in Singapore
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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 Food and Beverage insurance to protect your business in Singapore. 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.
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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 in Singapore?
| Cover | Coverage amount (example) | Typical premium | Explanation | Importance for F&B industry |
| Commercial property insurance | $100,000 | From $100/year | Covers: – Store premises – Inventory – Equipment – All other store contents – Plate glass (e.g. shop windows) | Critical |
| Work injury compensation insurance | $10 million $45 sub-limit medical expenses Above limits are statutory requirements by MOM. | From $100/year per worker | 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 |
| Public liability insurance | $100,000 | From $150/year | Covers: – Store premises – Inventory – Equipment – All other store contents – Plate glass (e.g. shop windows) | Critical |
| Fidelity guarantee insurance | $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
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– Industry experts to provide tailored advice
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