Food & Beverage Insurance

To reduce the chance of a loss and recover faster should the unexpected occur for restaurant, food stall and food & beverage companies.

Includes premise fire or all risk insurance, money insurance, public liability, etc.

Option to add coverage for Work injury compensation (WICA), fidelity guarantee and many more.

Choice of

to your company’s needs.

Summary of Benefits | Food Stall

Description of Benefits \| Food Stall	Plan A Sum Insured	Plan B Sum Insured
Section 1 All Risks¹ (Excess: S$300 each and every loss except for fire, lightning and burglary)	S$15,000	S$30,000
Section 2 Consequential Loss (Excess: 3 days by order of a public authority)	S$5,000	S$10,000
Section 3 Rental Expenses	S$5,000	S$10,000
Section 4 Money Insurance
A. In transit	S$1,000	S$2,000
B. In premises during business hours	S$1,000	S$2,000
C. In locked safes after business hours	S$1,000	S$2,000
D. In locked drawers after business hours	S$500	S$1,000
Section 5 Personal Accident	S$25,000	S$25,000
Section 6 Public Liability Any one accident/unlimited Any one period Excess: a) S$250 each and every claim in respect of Others b) S$500 each and every claim in respect of Water Damage	S$250,000	S$250,000
Food & Beverage Extension Any one loss and in the aggregate Sub-limit S$100,000 for Catering Services, and takeaways	S$50,000	S$50,000
Section 7 Goods-in-Transit Any one loss and in the aggregate	S$5,000	S$5,000
Annual Premium	S$227.81	S$347.71

Optional Coverage | Food Stall

Optional Coverage \| Food Stall	Sum Insured/Headcount	Top-up Rates
Work Injury Compensation²
A. Non-manual employees Admin/accounts/ management/ cashiers/marketing/ sales	Earning ≤ S$30,000 Earning > S$30,000 up to S$75,000	S$35.97 per employee S$65.95 per employee
B. Manual employees Chefs/cooks/waiters/ waitresses/bartenders/ service staff/captains/ kitchen staff/cleaners	Earning ≤ S$30,000 Earning > S$30,000 up to S$75,000	S$95.92 per employee S$131.89 per employee
C. Driver/Dispatch/ Delivery	Earning ≤ S$50,000	S$239.80 per employee
Fidelity Guarantee³ Any one employee and in the aggregate	S$2,000	S$11.99 per employee
This section will need to be taken together with Work Injury Compensation section.
Deterioration of Stocks Any one loss and in the aggregate	S$1,000	S$35.97 + S$11.99 per additional S$500 insured limit up to a maximum of S$5,000

Summary of Benefits | Restaurant

Description of Benefits \| Restaurant	Plan A Sum Insured	Plan B Sum Insured
Section 1 All Risks ¹ (Excess: S$300 each and every loss except for fire, lightning and burglary)	S$75,000	S$150,000
Section 2 Consequential Loss (Excess: 3 days by order of a public authority)	S$20,000	S$30,000
Section 3 Rental Expenses	S$20,000	S$30,000
Section 4 Money Insurance
A. In transit	S$3,000	S$5,000
B. In premises during business hours	S$3,000	S$5,000
C. In locked safes after business hours	S$3,000	S$5,000
D. In locked drawers after business hours	S$1,000	S$2,000
Section 5 Personal Accident	S$50,000	S$50,000
Section 6 Public Liability Any one accident/unlimited Any one period Excess: a) S$250 each and every claim in respect of Others b) S$500 each and every claim in respect of Water Damage	S$500,000	S$1,000,000
Food & Beverage Extension Any one loss and in the aggregate Sub-limit: Up to F&B Extension limit as specified in policy or S$100,000 whichever is lower in respect of Catering Services, and takeaways	S$50,000	S$50,000
Section 7 Goods-in-Transit Any one loss and in the aggregate	S$5,000	S$5,000
Annual Premium	S$407.66	S$587.51

Optional Coverage | Restaurant

Optional Coverage \| Restaurant	Sum Insured/Headcount	Top-up Rates
Work Injury Compensation²
A. Non-manual employees Admin/accounts/ management/ cashiers/marketing/ sales	Earning ≤ S$30,000 Earning > S$30,000 up to S$75,000	S$35.97 per employee S$65.95 per employee
B. Manual employees Chefs/cooks/waiters/ waitresses/bartenders/ service staff/captains/ kitchen staff/cleaners	Earning ≤ S$30,000 Earning > S$30,000 up to S$75,000	S$95.92 per employee S$131.89 per employee
C. Driver/Dispatch/ Delivery	Earning ≤ S$50,000	S$239.80 per employee
Fidelity Guarantee³ Any one employee and in the aggregate	S$2,000	S$11.99 per employee
This section will need to be taken together with Work Injury Compensation section.
Deterioration of Stocks Any one loss and in the aggregate	S$1,000	S$35.97 + S$11.99 per additional S$500 insured limit up to a maximum of S$5,000

Premiums include prevailing GST

¹ All Risks

Premises situated on road level or basement is subject to an excess of S$2,500 each and every loss in respect of flood claims
Accidental breakage of plate glass up to S$25,000 any one loss and in the aggregate

² Work Injury Compensation

Please declare occupation, headcount and actual⁴ annual wages per category. Actual⁴ annual wages consists of salary (including overtime pay), bonuses and allowances excluding transport allowance

³ Fidelity Guarantee

⁴ Actual annual wages per category at the inception of policy year