Catering Business Insurance Brokers
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Business Insurance Brokers for your Catering Insurance Quote
Firstly, as an owner of a catering business, you would be aware that there is a long list of factors that can lead to a possible claim. For example, instances such as food poisoning, foreign objects in food, slips and falls caused by spillages, the list goes on. Generally these risks will vary considerably depending on the size and scope of your particular company. However, it is crucial to ensure that you have the correct insurance products in place to protect you and your company in the event of a claim.
Contact our professional team on 1300 859 381, or enter your details below and let us help you find the catering insurance quote you need today.
As insurance brokers, we have compiled data regarding what insurances you are likely to claim on, and what the most common causes of these claims are, 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, and 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 you need to know about your Catering Insurance Quote
When it comes to catering businesses, there are a variety of different insurance products available to you. Statistically speaking, the most claimed on insurance products for catering businesses are; Business Interruption, Public and Products Liability, and Workers Compensation.
As mentioned at the start of this page, the size and scope of the catering business will generally have an effect on the size and scope of the claims that are being made. That being said however, please see below for what the most frequent claims are caused by. In addition to risk mitigation methods, to reduce the chances of these claims occurring in your business.
What are the most common claims?
Generally speaking, the most common claims for catering businesses result from Product Liability. These claims typically arise from food poisoning, or foreign objects in the food. The more severe claims generally result from food poisoning. The key to manage these risks are; careful stock management and checking the condition and regular maintenance of refrigeration units and cools rooms. Furthermore, good hygiene and housekeeping, adequate pest control, and effective cooking and food preparation practices.
Secondly, Business Interruption claims once again, will vary in size and scope depending on the size of the company. For a large commercial catering operation or a wedding and function centre, the Business Interruption risk is high. In the event that the premises needs to temporarily relocate, there is a large chance that it will take your business a long time to recover. This can be exacerbated if you lose key staff to competitors. Or if you need to organise replacement machinery, which is often specialised and manufactured overseas.
In conclusion, if you are looking for more information on business insurance for your catering business, then give us a call on 1300 859 381 or enter your details above. Or if you are looking for more information about staying safe at work, click here to go to Safe Work Australia’s article regarding the Hospitality industry.