It’s no secret that Australians spend a lot of time at cafes and restaurants and for business owners in that industry, it can be a rewarding (and busy!) experience. No matter how run off your feet you are, you need to make sure you take the time to have the right insurance place to protect against your unique set of risks. Today, we’ll be looking at our top picks when it comes to café and restaurant insurance policies.

1. Public Liability Insurance

This form of cover protects you if you cause injury or damage as a result of your actions at work. This is essential cover when you have people coming and going from your café or restaurant – it’s all too easy to find yourself at the receiving end of a claim if someone trips over!

2. Workers Compensation Insurance

This cover is compulsory in Australia if you have employees working for you, and it means that employers will be reimbursed for wages or other costs associated with an employee following a successful workers compensation claim.

3. Personal Accident and Illness

If you were suddenly unable to work due to injury or illness, it can mean a sudden loss of income which can have a serious financial impact. Personal accident and illness cover means that you’ll continue to receive a percentage of your income until you can return to work.

4. General Property and Contents

With this form of cover, any stock, furniture and other items in your café are covered in the event of fire, perils and accidental damage. It also covers transportable items you carry with you related to your business, such as laptops or other electrical items.

5. Machinery and Equipment Breakdown

Your insurance can include machinery and equipment breakdown cover which protects you if any damage to your café or restaurant machinery occurs following a breakdown.

6. Fire and Storm Damage

You can’t plan for everything and in some cases, unforeseen circumstances such as fire or storm damage can wreak havoc. With cover for fire and storm damage, you’ll be compensated for damage which is caused by these events.

7. Glass Damage

Imagine turning up to your café or restaurant only to find that one of the windows is broken. Not only is this inconvenient, it’s also expensive to fix which is why cover for glass damage is important.

8. Theft

Theft cover means you’re protected against damage or loss of stock which may occur following theft, or attempted theft, at your premises.

9. Business Interruption

In circumstances where your business isn’t able to operate as normal following events such as a fire or storm, it means your café or restaurant isn’t earning any money. With business interruption cover, you’ll be covered for this loss of income for insured events.

At GSK Insurance Brokers, we offer a range of insurance policies for café and restaurant owners so you can go about your business without the worry. We take the time to assess your risks and then identify smart insurance solutions.

For café and restaurant insurance, contact the team at GSK Insurance Brokers today on (08) 9478 1933.

September 10, 2018

By Graham Knight

Founder and Managing Director of GSK Insurance (established in 1981). Graham draws upon more than 50 years’ experience in the insurance industry, working in both insurance and broking across various private, public and government sectors in Australia.

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