Whether you’re starting a new café, restaurant or food truck – or you’re an experienced operator, we are your go-to when it comes to insurance for the hospitality industry Brisbane.
Insurance Web is your local business insurance brokers with extensive experience in the hospitality industry, based out of Strathpine on Brisbane’s northside.
Small Business Insurance for Hospitality
Small business insurance shouldn’t be a cookie cutter approach – each industry has its nuances and specific requirements, including hospitality! And failure to pay close attention to the fine print could end up costing you thousands.
So, here’s what you need to know.
Hospitality Insurance Checklist
As standard, if you own or run a hospitality-based business you should consider the following insurance policies:
- Public Liability
- Business Interruption
- Machinery Breakdown incl Stock Loss
- Motor Vehicle
- Management Liability
- Cyber Insurance
Hospitality Insurance Policies
Here are the four (4) main things that insurers will rate and determine your hospitality liability premium on:
- Annual turnover
- Number of staff in the business
- Number of seats available to patrons (the size of restaurant)
- Previous claims history
Hospitality Insurance Risk Factors
Don’t be surprised if, when looking for hospitality insurance, that insurers ask to see your policies and procedures on how you manage risk. This typically includes:
- Commercial kitchen fire safety
- Public and customer safety
- Cash handling procedures
- Physical and electronic security
EXPERT TIP: Having written documentation around risk management factors can significantly impact whether an insurer will cover you, and in some cases, what your premiums will end up being.
Insurance for Hospitality Industry Brisbane
This blog is just a very succinct snapshot of what insurance cover hospitality businesses need to consider. If it’s time to reassess your insurance premiums, or if you’re getting ready to launch a new café or restaurant – contact Insurance Web!
Insurance Web is your local business Restaurant Insurance insurance expert. Known for our simple processes, cost-efficiency and trustworthy staff, we’ll help you get the right business insurance cover so you can trade confidently and securely right now!