Get Insurance for Your Food Business

For restaurant customers, the dining experience begins and ends with the host staff. In the food service industry, operators must continually fund ways to provide a different experience for their customers. No one would doubt the importance of food safety in restaurants. To fall-short on a food safety program will certainly create a recipe for potential disaster. Risk exposures vary with each type of business. It's not a one-size fits all problem and a one-size fits all solution.

Getting Insurance for your Food and Beverage Business

One insurance company in the Philippines that can provide some peace of mind for your business is Chartis. The offer four plan options for business owners to choose from. It is tailored to suit F&B operations such as restaurants, cafe's, coffee shops, food court/stalls and bakeshops.

Plan I - Standard Cover Basic
     Covers your property against fire and lightning, smoke and water damages brought about by fire.

Plan II - Standard Cover Comprehensive
     Plan I benefit plus:

  • Earthquake
  • Typhoon/Flood
  • Extended Coverage (smoke damage, falling aircraft, explosion, vehicular impact)
  • Riot, Strike and Malicious Damage (RSMD)
  • Burglary and Robbery Cover of up to Php1 Million
Plan III - Food and Beverage Package Basic
  • Fire and Lightning
  • Burglary and Robbery (Pays for loss of your stocks, merchandise, furniture, machinery or equipment from burglary or robbery including resulting to damage to your property.
  • Money Insurance (Pays for loss of cash or payroll money and other securities by robbery and burglary)
  • Accidental Breakage of Fixed Glass/Signage (Pays for damage to fixed glass walls and signage caused by accidental breakage)
  • Inland Transit Coverage (Pays for loss or damage to your stocks or merchandise while being transported)
  • Personal Accidental Coverage (compensates 4 named employees for accidents resulting to bodily injury or death including medical reimbursement
  • Third Party Liability Cover (Pays for your legal liability to any person other than you, your employees or your family members due to the following:  Premises Operation, Tenant Liability, Fire and Explosion Legal Liability, Food and Drink Poisoning, Loading and Unloading of Goods, Advertising Signs Liability, Car Park Liability and Valet Parking Liability.
Plan IV - Food and Beverage Package Comprehensive
     This cover provides an extension to your Basic Food and Beverage Insurance Package III benefit, plus:
  • Earthquake
  • Typhoon/Flood
  • Extended Coverage (smoke damage, falling aircraft, explosion, vehicular impact)
  • Riot, Strike and Malicious Damage (RSMD)
Protect your business. For more information and business insurance quote, Pinoy Business 101 can recommend a trusted Chartis insurance agent. Email us at pinoybusiness101@hotmail.ph

3 comments:

  1. I think bars need the largest coverage for clients injuries. Drunk people tend to fall a lot, just like happened to my friend, when he broke his arm in a bar. Does commercial liability insurance cover that?

    ReplyDelete
  2. "To fall-short on a food safety program will certainly create a recipe for potential disaster." - Certainly. Restaurateurs should value the quality of their food highly as this is one of their main offerings. But it is also a must that they insure the safety of their facilities at all cost. That is why getting a building insurance is vital for this kind of business.

    ReplyDelete
  3. This is a great way of insurance. Yes totally agree that as business owners, we must purchased a business insurance in the Philippines.

    ReplyDelete

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