Our Food & Beverage is catered specially for small and medium sized businesses carrying out food and beverage operations either for outlets with (i) 10 or less or (ii) 30 or less seating capacity.
| Basic Cover | ||
|---|---|---|
| Section | Interest | Basic Sum Insured/Limit |
| All Risks (Excess: 1% of loss minimum S$200 each & every claim except fire, lightning & explosion) | On Contents including furniture, fixtures & fittings, plate glass and stock in trade. | S$100,000 (option to increase up to S$1m) |
| Business Interruption (Time Excess: 24 hours all claims) |
On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) | S$200 per day (option to increase up to S$300 per day) |
| Money | (a) In Transit | S$5,000 (option to increase up to S$10,000) |
| (b) In Premises (Sub-limit: S$1,000 in locked drawers / cabinets / cash registers after business hours) |
S$3,000 (option to increase up to S$10,000) |
|
| (c) In proprietor’s / partner’s / director’s residence kept in locked drawers/safes after business hours | S$500 | |
| Personal Accident | On the life of (up to 2) named proprietor / partner(s) / director(s) (a) Death/Permanent Disablement |
S$50,000 each |
| (b) Medical Expenses | S$500 each (option to increase to S$100,000 per person for Death/Permanent Disablement) |
|
| Public Liability | Your business operation | S$500,000 any one accident Unlimited any one period (option to increase up to S$2m) |
| Workmen Injury Compensation | Up to 4 employees | As per WIC Act (option to increase up to 15 employees) |
| Goods In Transit | On physical loss of and/ or damage to property | S$2,000 |
| Basic Cover Annual Premium (excluding GST) S$335 (outlets with 10 or less seating capacity)
Basic Cover Annual Premium (excluding GST) S$445 (outlets with 30 or less seating capacity) |
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You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:
| Optional Covers | ||
| Fire and Extraneous Perils | On Building | Up to S$2m |
| Fidelity Guarantee | Up to 15 employees | Minimum Limit: S$5,000* Maximum Limit: S$10,000* * any one occurrence and in the aggregate |
Special Benefits – Renewal Loyalty and Chain Discounts
Subject to no claims on each renewal, the following loyalty discount is allowed:
- First Renewal – 10%
- Second and Subsequent Renewals – 20%
Subject to no claims on each renewal, the following loyalty discount is allowed:
- Second Outlet – 5%
- Third Outlet and Beyond – 10%
Excluded Businesses/Trades and/or Activities
Premises occupied for the manufacturing, assembly, trading or storage of:
- Bars & Discotheques
- Coffee shops/food courts
- Floating Restaurant
- Hawker & Market stalls, pushcarts & mobile kiosks of any type
- Nightclubs, karaoke lounges & pubs
- Pure catering services
Excluded Risks/Premises
- Risk not situated in Singapore
- Premises not of Class One construction
- Risk with property kept in open or without perimeter fence and/or security
- Risk involving motorcycling delivery services
- Premises occupied as hospitals, clinics and laboratories (Contagious and Infectious Disease Extension is not applicable)
Major General Exclusions applicable to all Sections
- Asbestos or any actual or alleged asbestos related injury or damage
- Consequential loss of any kind or description including penalties or loss of contract
- Ionising radiations or contamination by radioactivity
- Nuclear weapons material
- Terrorism except as provided under Section 1 – All Risks
- War and kindred risks
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