Portrait of a female chief working in the restaurant kitchen

Running a café or restaurant can be a stressful experience and there are many things that can go wrong.  

Given the risks you face, it’s important to consider putting in safeguards to protect your business – but with so many different things to cover it’s easy to become overwhelmed.  

Fortunately, you can protect your hospitality business from a whole bunch of risks through a business insurance package.  

This article shows real examples of different risks that hospitality businesses have faced and how a business insurance pack saved the day!  

  1. A double dose of bad luck 

A bed and breakfast suffered damage as a result of the 2019 bushfires**.  

They sustained damage to the roof of the main house and two outbuildings and sheds along with 90 per cent of the fencing on the property was damaged.  

One year later, the poor small business owner suffered damage to their property again! This time as a result of storm damage. 

Luckily, the business had business insurance package that had a building section as part of the policy.  

Building insurance provides cover for loss and damage to buildings you own, as a result of an insured event (such as fire, storm, wind). 

The Insurer paid $470,000 in damages for the first claim relating to the bushfires and $18,000 for the second claim for storm damage. 

Unsurprisingly, the policy was renewed. 

  1. Freak accident

A sushi shop that operates in a shopping centre got into trouble when a vehicle crashed into it**. 

The incident caused damage to the premises, including the storeroom and dining area.  

The business was also prevented from trading.  

Thankfully, the business had a business insurance pack that covered multiple sections. 

Firstly, $18,837 was covered under property (contents) insurance – which protects business contents or stock if they are damaged in a fire, storm or due to malicious damage or some other defined event listed in the policy.  

And secondly, $1,583 was covered under the business interruption section of the policy, which provides cover for financial loss as a result of an interruption to your business caused by an insured event. 

Get covered today!  

These two examples are only the start of the different protection a Business Insurance package can offer.  

From theft, money, and glass insurance to machinery breakdown, tax audit, and public liability cover, there are many risks that can safeguarded through a business insurance package.  

While there are many perks to being your own boss, overseeing everything can get quite dramatic. Luckily with BizCover, business insurance doesn’t have to be.  Visit bizcover.com.au to compare quotes or give us a call today – no dramas!   

This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. © 2023 BizCover Pty Limited, all rights reserved. ABN 68 127 707 975; AFSL 501769 

The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizCover.