Insurance for F&B Business

• Food and Beverages business will face various liability risks such as customer injuries, or property damage caused by the employee. Besides, Food and Beverages owner also need to protect their valuable assets such as machinery, equipment, and inventory from any cause such as fire, theft, or natural disaster. With insurance, Food and beverage insurance can cover the interruption caused such as fire, natural disasters, etc, and make the Food and Beverage owner feel safe because they don’t need to spend much money to make their business run like before.
• Besides the business and customer, Food and Beverages insurance also can cover the employers since Food and Beverages business needs employers for daily operations. Injuries or accidents can occur in the workplace, and workers’ compensation insurance is crucial for both employees and businesses.
• In summary, insurance is vital for Food and beverage businesses to protect against liabilities, safeguard assets, cover business interruptions, and ensure employee well-being. Using the insurance it offers peace of mind and the ability to overcome unexpected challenges in a highly competitive industry.

Should there be any unforeseen accidents such as fire or explosion, with selected coverage Food and Beverages operators can claim their sum insured limit for the damages in the premise, damages to their machinery such as coffee machine, stove, refrigerator, oven, and their stock and inventories such as coffee beans, milk, cold ingredients.

With every business, there are different risks involved. Whether or not the business owners have identified these risks or outsourced them, these risks exist. A business owner can choose to self-insure which may set back their capital or obtaining the right insurance coverage could benefit them and their business.

Fire, machinery, and stock/inventories are key coverage to consider. We would also recommend public liability as well as the plate glass, signboard, and signage coverage. Do consider adding additional special perils should your insured location be exposed to riots, floods, storms, explosions, or/and landslides.

Yes, please contact us at our call center to obtain an endorsement should you require to add on any coverages as your business grows and its risks change.