Are you looking for business insurance for your restaurant?
If you are looking for insurance your restaurant you may have come to the smart place. Our team of friendly brokers are here to make it easy for you to find suitable cover for your restaurant business risks. Simply call us on 1300 542 573 or enquire online.
Do restaurants need public liability insurance?
It is essential that restaurant owners take out public liability cover. Public Liability is the core insurance cover for most small businesses in Australia ; including restaurants. Public liability insurance cover can protect restaurant owners from damages resulting from injuries to patrons from slips and falls and breakages. The risks are greater with multi-level restaurants and restaurants with hard to access bathroom facilities.
What kind of insurance does a restaurant need ?
In addition to public liability, restaurant business insurance can cover all or some of the risks below.
- Product Liability – eg: unwanted objects in food, food poisoning.
- Commercial Property – eg: damage to building – vandalism.
- Business Equipment Breakdown - eg: refrigerator breaking down resulting in loss of stock.
- Fire and Perils – eg: fire arising from cooking, electrical malfunctions, unguarded flames and grease fires.
- Crime – eg: cash and alcohol
- Workers Compensation – eg: burns, cuts and strains to staff .
- Business Interruption – eg: profit associated with location in the event you are forced to close for an extended period.
For more information on what it can cover, equirements and costs please TALK to one of our helpful restaurant insurance brokers on 1300 542 573 or contact us online.
How much is restaurant business insurance per month?
So how much will restaurant insurance cost you monthly?
Restaurant business insurance per month, including all fees , starts from approximately $110 per month for a small restaurant.
The cost of restaurant business insurance will vary significantly and most restaurants will pay a little or lot more per month to cover their business suitably.
Our helpful business insurance brokers may be able to help you find suitable and affordable insurance for your restaurant.
Depending on the covers you select whether you have a small restaurant or a large one, whether you have deep fryers and the size of the deep fryers , the level of fit out of your restaurant, your level of security , your claims experience and location certain insurance companies may offer better terms. Our specialist brokers will obtain multiple quotes on suitable insurance policies that you can pay monthly for your from leading insurance companies such as Vero, Zurich and AIG.
Whether you are in Perth, Victoria or anywhere in between in Australia, if you want more information on restaurant business insurance requirements, including what business interruption insurance can cover, TALK to a SMART Insurance broker on 1300 542 573 or contact us online for SMART insurance cover for your restaurant.
The restaurant business in Australia :
There are approximately 8,500 restaurant businesses employing over 65,000 people in Australia.
The business of restaurants has made a decent comeback in Australia after the GFC.
Casual dining has largely relaced fine dining and even many premium restaurants are a lot more casual in their plate servings and service.
Main types of restaurants in Australia;
Today Asian influenced restaurants have become the norm. What was exotic a few years ago is regular fare for this generation. European inspired cuisine is now almost regraded as traditional .
Arabic, Mexican and African restaurants are more prevalent on the scene as is Asian hipster food, while more and more Australian restaurants create a fusion of flavours.
The produce in Australia, with its high quality seafood, meats, vegetable and fruit allows local restaurateurs to reshape recipes from their youth to create a true Australian taste.
While the BYO restaurant still exits- alcohol consumption can account for are large portion of restaurant profitability.
Where are the best restaurants in Australia found?
Adelaide, Brisbane , Canberra, Melbourne, Brisbane ,Sydney, Perth, Hobart or one of the smaller "foodie towns"? Tell us which city or town you think has the best restaurants and the food in this town is so good.
Thank you so much for your wonderful guidance and assistance regarding this claim.
Mercs Bier Café