What are the key risks in the café and restaurant sector?
The café and restaurant sector is dynamic, with owners and operators busy juggling the plates and spinning the bottles required in the day-to-day management of such a fast-paced industry. Whether you’re running a café, restaurant or catering business, some of the key risks you face include protecting your staff from workplace accidents, your property and business assets from theft, accidental damage, fire and weatherrelated risks, plus taking reasonable steps to ensure the safety of your customers at your premises and the safety of the products you’re serving them. Depending on the conditions of your lease, you maybe require to have a minimum amount of insurance for public liability and glass cover.
Who should consider insurance?
Whether you’re running a small café or a restaurant chain, as an industry with complex risks where no two businesses are alike, a range of flexible and customised insurance covers are required to protect your business, staff, assets and customers.
Did you know?
8%
Insurance accounts for an average of 8% of the total business costs of cafes and restaurants.
(Restaurant and Catering Association, 2020 Industry Benchmarking Report)
4.5x
Cuts, punctures and scrapes make up a third of restaurant workers’ compensation claims, but slips and falls cost 4.5 times more.
(AM Trust Financial, Recent Trends in Restaurant Claims)
Machinery breakdown is the most
common claim made by cafes, restaurants and take away shops.
(AAMI Top 6 Hospitality Insurance Claims)
What insurance should you take out – and what can it cover?
Insurance can protect you and your employees onsite, on the way to work and at work.
Type of cover | Potential benefits |
---|---|
Business pack | Helps safeguard your business premises and contents against:
|
Public and product liability | Can cover claims against you if it’s held that a negligent act by your business or its products results in personal injury or property damage |
Cyber | Helps safeguard you and your business against expenses and legal costs if your website or other systems are hacked and your system cannot be used or customers’ details are stolen. |
Motor insurance | Takes care of your valuable business vehicles, with cover to help:
|
Workers’ Compensation | Can cover the cost of your employees’ wages, rehabilitation and medication if they become sick or injured through their work. |
CONTACT MORGAN INSURANCE
Address: 75 Redfern St, Cowra NSW 2794
Phone: 02 6342 4861
Freecall: 1300 915 024
Email: enquiry@morganinsurance.com.au
ABN 22 166 392 516 | AR 452128
Authorised Representative of PSC Connect Pty Ltd
AFSL 344648 | ABN 23 141 574 914
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Contact Morgan Insurance today on 1300 915 024.