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Get Singapore's best Food and Beverage Insurance. Broad protection against fire, food poisoning, worker injuries, & more.
Whether you run a cafe, restaurant, take-away store, food stall, or even a home-baking operation, you’ll need Food and Beverage insurance to protect your business in Singapore. We understand you’ve invested lots of money and time into setting up your F&B business, so it’s only natural that you should protect your investment. Provide offers comprehensive coverage against fire, food poisoning, worker injuries, and more.
Get quick, broad, and affordable F&B insurance with Provide.
F&B Insurance Package from just $19/month
- Commercial Property Insurance
- Public Liability Insurance
- Business Interruption Insurance
- Work Injury Insurance
What types of insurance do Food and Beverage businesses need?
Importance for F&B industry
Protects your Food and Beverage premises against property damage, e.g. fire, explosions, certain types of water damage, etc.
Protects you against liability to third-parties for property damage or injuries.
Also covers food poisoning liability.
Protects you if your employees suffer work-related injuries/sickness, including Covid-19 infections.
Legally required for all manual workers, or workers who earn <$2,600/month
Covers medical expenses (e.g. Hospital & Surgery) if your foreign workers require medical treatment.
Legally required for all S-Pass and Work Permit holders
Covers employees stealing from you
Good to have
Commercial property insurance
Commercial property insurance will protect your F&B store premises. This covers your food & drinks stocks, display windows, kitchen equipment, and all other store contents. It covers the costs of your renovations, including fixtures and fittings. Commercial property coverage protects you against major risks like fire, explosions, certain types of water damage, burglary, vandalism, and more. Coverage against physical damage is very comprehensive.
Public liability insurance, with food poisoning cover
Public liability insurance will protect you from liability for injuries/property damage inflicted upon third parties, e.g. diners slipping and falling while inside your restaurant. It also includes food poisoning liability coverage. This covers legal expenses like lawyers’ fees and settlements if you get sued for food poisoning.
Work Injury Compensation Insurance (WICA Insurance)
Work Injury Compensation Insurance is vital for F&B business owners. MOM legally requires employers to insure their manual workers, or any worker who earns below $2,600. Those two criteria generally apply to the majority of F&B workers. Manual workers that you must insure include: waiters, cooks, kitchen assistants, dishwashers, and cleaners. If you have an admin worker (e.g. cashier) that also performs manual duties like serving customers, they are counted as manual staff also.
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much coverage do I need for my F&B business?
Commercial Property Insurance: Your coverage amount should be sufficient to cover the costs of restoring your entire F&B premise if it were to be destroyed. Combine the costs of all your renovations, equipment, and food/beverage stocks. It’s advisable to consider a bare minimum of $100,000.
Public Liability Insurance, with Food Poisoning Extension: Consider a minimum of $250,000 coverage. Most F&B owners will have between $500,000 to $1 million cover.
Work Injury Compensation Insurance: MOM requires a minimum of $45,000 medical expenses cover, per worker.
Foreign Worker Medical Insurance: MOM requires a minimum of $15,000 cover, per foreign worker. If you have foreigners who are manual workers, you must purchase both Work Injury Compensation Insurance and Foreign Worker Medical Insurance for them.
How much does F&B insurance cost?
Coverage amount (example)
$10 million common law annual limit
$45,000 medical expenses cover per worker
From $5/month, per worker
$15,000 per worker
From $6/month, per worker