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)

Critical for front-of-house

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

shop fire insurance

Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.

Public liability insurance

public liability insurance

Public liability insurance will protect you from liability for injuries/property damage to third-parties. 

Fidelity guarantee insurance

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

Commercial property insurance

$100,000

From $100/year

Covers:

          Store premises

          Inventory

          Equipment

          All other store contents

          Plate glass (e.g. shop windows)

Critical

Public liability insurance

$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

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 
– Compare quotes from multiple insurers
– Industry experts to provide tailored advice
– Available by phone 7 days/week 

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