Serving up the right coverage for your business
Running a Food & Beverage business requires a blend of hard work and meticulous planning. However, no amount of planning can prevent unexpected accidents that may lead to financial losses. It is every business owner’s fear to ever encounter loss of or damage to property, death/injury to employees, claims from external parties, and more. It’s no secret that such losses can seriously affect your business.
Protect your Food and Beverage business with CafeCare. It is the perfect recipe of insurance covers under one simple package for your Food and Beverage business.
Benefits at a Glance
- Combines various classes of insurance under one policy
- Easy to arrange
- Competitive premium terms
- Chain Discount with 3 or more shops
- Further discounts given for clean claims record
Summary of Benefits
Restaurant
| Description of Benefits (Restaurant) | Plan A | Plan B | Top-Up Plan (from Plan B) |
||
| Sum Insured | Sum Insured | Top-Up Rates | Maximum Sum Insured Limit | ||
| Section 1 | All Risks^ (Excess: S$300 each and every loss except for Fire, Lightning and Burglary) |
S$75,000 | S$150,000 | S$53.50 for every S$25,000 |
S$1,000,000 |
| Section 2 | Consequential Loss (Excess: 3 days by order of a Public Authority) |
S$20,000 | S$30,000 | N.A. | N.A. |
| Section 3 | Rental Expenses | S$20,000 | S$30,000 | N.A. | N.A. |
| Section 4 | Money Insurance | ||||
| a) In Transit | S$3,000 | S$5,000 | S$5.35 for every S$500 | S$10,000 | |
| b) In Premises During Business Hours | S$3,000 | S$5,000 | S$5 for every S$500 | S$10,000 | |
| c) In Locked Safe After Business Hours | S$3,000 | S$5,000 | S$5.35 for every S$500 | S$10,000 | |
| d) In Locked Drawers After Business Hours | S$1,000 | S$2,000 | S$5.35 for every S$500 | S$3,000 | |
| Section 5 | Personal Accident | S$50,000 | S$50,000 | N.A. | N.A. |
| Section 6 | Public Liability (Any One Accident/Unlimited Any One Period) |
S$500,000 | S$1,000,000 | S$53.50 for every S$500,000 |
S$3,000,000 |
| Food & Beverage Extension (Any One Loss and in the Aggregate) |
S$50,000 | S$50,000 | S$26.75 for every S$50,000 |
S$100,000 | |
| Section 7 | Goods-in-Transit (Any One Loss and in the Aggregate) |
S$2,000 | S$2,000 | N.A. | N.A. |
| Annual Premium | S$363.80 | S$524.30 | |||
- Premiums above include prevailing GST
Food Stall
| Description of Benefits (Food Stall) | Plan A | Plan B | Top-Up Plan from Plan B) |
||
| Sum Insured | Sum Insured | Top-Up Rates | Maximum Sum Insured Limit | ||
| Section 1 | All Risks^ (Excess: S$300 each and every loss except for Fire, Lightning and Burglary) |
S$15,000 | S$30,000 | S$10.70 for every S$5,000 |
S$1,000,000 |
| Section 2 | Consequential Loss (Excess: 3 days by order of a Public Authority) |
S$5,000 | S$10,000 | N.A. | N.A. |
| Section 3 | Rental Expenses | S$5,000 | S$10,000 | N.A. | N.A. |
| Section 4 | Money Insurance | ||||
| a) In Transit | S$1,000 | S$2,000 | S$5.35 for every S$500 | S$10,000 | |
| b) In Premises During Business Hours | S$1,000 | S$2,000 | S$5.35 for every S$500 | S$10,000 | |
| c) In Locked Safe After Business Hours | S$1,000 | S$2,000 | S$5.35 for every S$500 | S$10,000 | |
| d) In Locked Drawers After Business Hours | S$500 | S$1,000 | S$5.35 for every S$500 | S$3,000 | |
| Section 5 | Personal Accident | S$25,000 | S$25,000 | N.A. | N.A. |
| Section 6 | Public Liability (Any One Accident/Unlimited Any One Period) |
S$250,000 | S$250,000 | S$32.10 for every S$250,000 |
S$3,000,000 |
| Food & Beverage Extension (Any One Loss and in the Aggregate) |
S$50,000 | S$50,000 | S$26.75 for every S$50,000 |
S$100,000 | |
| Section 7 | Goods-in-Transit (Any One Loss and in the Aggregate) |
S$1,000 | S$1,000 | N.A. | N.A. |
| Annual Premium | S$203.30 | S$310.30 | |||
- Premiums above include prevailing GST
Optional Coverage
| Optional Coverage | Sum Insured | Top-Up Rates |
| Work Injury Compensation^ | ||
| a) Non-Manual Employees Admin/Accounts/Management/Cashiers/ Marketing/Sales |
Compensation to your employees for death or bodily injury arising out of and in the course of employment, including your liability at Common Law |
S$32.10 per employee earning S$30,000 or less per annum or S$58.85 per employee earning above S$30,000 per annum |
| b) Manual Employees
Chefs/Cooks/Waiters/Waitresses/ Bartender/Service Staff/Kitchen Staff/ Cleaners |
S$64.20 per employee earning S$30,000 or less per annum or S$107 per employee earning above S$30,000 per annum | |
| c) Driver/Dispatch/Delivery | S$214 per employee | |
| Fidelity Guarantee^ (Any One Employee and in the Aggregate) |
S$2,000 | S$10.70 per employee |
| Deterioration of Stocks (Any One Loss and in the Aggregate) |
S$1,000 | S$32.10 + S$10.70 per additional S$500 insured limit up to a maximum of S$5,000 |
- Premiums above include prevailing GST
| ^Work Injury Compensation |
|
| ^Fidelity Guarantee |
|
| ^All Risks |
|
Notes
1. Business type–definitions:
a) Restaurants are establishments with dining-in facilities, including outdoor refreshment area and outdoor catering service
b) Food Stall includes food kiosk/counters and stalls:
i) In food courts/shopping centre (with no public access into the premises after business hours); or
ii) In housing estate food centres and markets, public parks with public access into the premises after business hours. Excess: 15% of loss in respect of Section 1
2.Section 1–All Risks and Section 6–Public Liability are extended to cover Outdoor Refreshment/Display Areas authorized for such use by the landlord and the relevant authorities
3. The sum insured on Section 1–All Risks must represent the:
- Full reinstatement values for renovations/improvements
- Full replacement costs for contents other than stock-in-trade
- Market value for stock-in-trade
Without allowance for wear, tear and depreciation otherwise any claim settlement will be proportionately reduced
4. The sum insured under Section 1–All Risks and Section 4–Money Insurance are automatically increased by 25% for the two weeks prior to Chinese New Year, Hari Raya Puasa, Deepavali and Christmas Day
5.If you have a chain of 3 or more outlets insured with us, you will enjoy the following Chain Store Discount from the gross premium
| Number of Outlets | Discount |
| 3-5 | 10% |
| 6 or more | 15% |
6. You will enjoy the following No Claim Discount (after any Chain Store Discount) if you continue to insure with us:
- 10% of the gross premium on the 1st renewal if there were no claims during the preceding year
- 15% of the gross premium on the 2nd and subsequent renewals if there were no claims during the preceding 2 years
7. The covers and premiums indicated are not available for the following:
Types of Trade
- Nightclubs, Discotheques, Karaoke lounges
- ^Pubs, Bars
- Risks involving on-board vessels, offsite activities other than for delivery and catering services
Types of Premises/Construction
- Premises not of brick/tile/concrete construction
- Premises with property kept in the open or without perimeter, fence or security
- Premises which are part of more extensive premises used mainly for industrial, manufacturing, assembly, warehousing or wholesale (including use as megastore retail outlets) purposes
- Pre-war premises
- Premises shared with other business or sublet to other occupants
- Premises outside Singapore
^For such services or premises, please refer to the Company.
The information provided here is a summary. Please refer to the actual wordings for the terms and conditions.
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