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Get Singapore's best Restaurant Insurance. Protects your restaurant against fire, food poisoning, employee injuries, and more.
As a restaurant owner, your diners come to your establishment to enjoy good food, drink and service. But if your food and beverages cause food poisoning, you can face the threat of expensive litigation or regulatory penalties. Restaurants are also prone to kitchen staff suffering injuries while preparing food. Damage to kitchen equipment and the restaurant premises can be incredibly expensive to cover without insurance.
Provide offers restaurant owners the quickest & most affordable way to protect their business. Get your policy online in just a few minutes.
What does Restaurant Insurance cover?
| Coverage | Explanation | Importance for restaurants |
| Commercial Property Insurance | Protects your restaurant premises against property damage, e.g. fire, explosions, certain types of water damage, etc. | Critical |
| Public Liability Insurance | Protects you against liability to third-parties for property damage or injuries.
Also covers food poisoning liability if your customers get sick from eating your food. | Critical |
| Work Injury Compensation Insurance (WICA Insurance) | Protects your employees if they suffer work-related injuries/sickness. | Legally required for all manual workers, or workers who earn <$2,600/month
|
| Foreign Worker Medical Insurance | Protects your business if your foreign workers require medical treatment. | Legally required for all S-Pass and Work Permit holders |
| Fidelity Guarantee Insurance | Protects your business against employee theft (e.g. stealing cash from register), or fraud | Good to have |
How much coverage do I need for my restaurant?
Commercial Property Insurance: If your restaurant gets damaged or destroyed, you’ll need enough coverage to pay for restoring the premises to its original condition. You should gauge the combined cost of: your renovations, furniture, kitchen equipment, and food & beverage inventory. Restaurant owners should have $100,000 property cover, as a bare minimum.
Public Liability Insurance, with Food Poisoning Extension: Most restaurant owners will have between $500,000 to $1 million cover. This is the amount that most landlords will ask for in lease agreements.
Work Injury Compensation Insurance: You must have at least $45,000 medical expenses cover, per worker. This is a regulatory requirement by MOM.
Foreign Worker Medical Insurance: You must have $15,000 cover, per foreign worker. If you employ foreigners who are manual workers (e.g. cooks, or servers), you’ll need to have both Work Injury Compensation Insurance and Foreign Worker Medical Insurance for them.
What are some claims examples for restaurants?
Fire annihilates your restaurant: One of your junior cooks accidentally starts a kitchen fire while frying up some dishes. The fire spreads rapidly. Even though you called the SCDF, it’s too little, too late. The fire engulfs your entire restaurant and destroys it. All the money you invested into your eatery now hangs in the balance.
If you have Commercial Property Insurance, the insurer would pay to restore your restaurant to its original condition. The insurer would cover the costs of removing the debris in your restaurant, so that rebuilding work can begin. Expenses related to hiring architects or surveyors to help with the restoration process would also be covered. The insurer would cover your renovation costs. This includes various expenses like bringing in furnishings, carpentry, furniture, electrical wiring, and more. You would also have coverage for replacing equipment and food/beverage stocks destroyed by the fire.
Diner slips and falls, sues you: One of your cleaners doesn’t dry the floor after mopping it, and fails to warn customers that the floor is wet. Eventually, an elderly diner walks in, and promptly slips and falls on the slippery floor. The diner hits his head hard, and suffers brain trauma. The injured customer launches a personal injury lawsuit against you. They demand you pay for their medical expenses, and compensatory damages. Public Liability Insurance would cover your legal expenses like lawyer’s fees, and the cost of damages.
Public Liability Insurance would cover your legal fees, and the settlement that you might have to pay out.
Your cook suffers fall in kitchen, breaks arm: Your cook was in the kitchen. The floor was wet. As he was moving between stations, he slips. He suffers a fracture on his arm from the fall. His arm gets placed in a cast. His medical bills are $4,000. He is placed on MC for 4 weeks. Under WICA laws, you must pay his $4,000 medical bill, plus his salary while he’s on MC due to his work-related injury. WICA Insurance would pay for his medical bills, and his lost wages.
How much does Restaurant Insurance cost?
Coverage | Coverage amount (example) | Premium |
$100,000 | From $24.90/month for a Restaurant Insurance package deal
| |
$500,000 | ||
$10 million common law annual limit
$45,000 medical expenses cover per worker | ||
$10,000 | ||
$15,000 per worker | From $6/month, per worker |
What are the benefits of using Provide for Restaurant Insurance?
Affordable premiums
Get comprehensive coverage that’s designed for restaurants
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Access to insurance experts with 20+ years combined experience serving both SMEs and large multinational firms