Restaurant Business Insurance Brokers
Or call us on 1300 859 381
Restaurant Business Insurance Brokers
Fortune Insurance Brokers are your restaurant business insurance brokering specialists. We specialise in providing fast and competitive quotes from Australia’s top Business Insurers for Public Liability Insurance, Business Property Insurance, Deep Frying & Wok Cooking Extensions, and more.
We have spent years helping provide hospitality based companies with multiple quotes for their business insurances. In order to help you make the right choice for your hotel or motel operation. With our experienced team behind you, we understand the needs of both small restaurant operations, to larger more complex accommodation and hospitality risks.
Fortune Insurance Brokers are committed to providing high quality service to our business insurance clients. Contact us today for multiple obligation free quotes, and discuss your business insurance needs with one of our experienced business insurance brokers.
More Information
We have compiled data regarding what insurances you are likely to claim on, and what the most common causes of these claims are. As to help you to reduce the chances of your business being at risk of a possible insurance claim. For more information give us a call on 1300 859 381 and request a Risk Analysis for your industry. This is a complimentary service, to give you a better idea of of what to watch out for in your industry. Therefore this is subject to the below General Advice Warning.
This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. (If relevant: Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement).
What do I need to know about my restaurant insurance quotes
Running a restaurant can be tough. Additionally, with the ever-increasing complexity of the insurance products available, it can be difficult to keep track of knowing exactly what risks you are, and are not covered for. We have included some information below regarding what the most claimed on insurance products are for your industry. Additionally, also what the most common causes of these claims are.
What are the most claimed on insurance products for restaurants?
Furthermore, for restaurants, the most highly claimed on insurance products are; Public and Products Liability, Workers Compensation, and Business Interruption. In addition, the main claims in the restaurant industry come from liability caused by breaking chairs, slips and falls. Other aspects can be foreign objects in food, and food poisoning. With public and products liability, you are protecting yourself if someone tries to sue you for injury or damage.
Secondly, with Workers Compensation Insurance, the most common claims arise from the following. There is a high risk of slips, trips and falls. As well as burns, cuts and lacerations from kitchen knifes, stoves and fryers. There are ways to minimise this risk. Do this by ensuring that your inexperienced or junior workers are supervised. Additionally, providing adequate training for when dealing with hot machinery, sharp equipment, oils, and hot foods.
Finally, your restaurant operation can halt due to breakdown of machinery and cause you to go out of business for some time. It would be beneficial to have Business Interruption insurance in place, in the event that this machinery is out of use for a while. This would assist with keeping your profits coming in when you’re not trading. This can also extend to provide remuneration for your lost customer base. Many of your customers may have found a new restaurant in the time your doors were closed.
If you are working in the hospitality industry and are looking for more ways to reduce risk in your business, please click here to go to Safe Work Australia’s article on Hospitality Service Providers.