Protect your coffee shop with cafe insurance

//Protect your coffee shop with cafe insurance

Protect your coffee shop with cafe insurance

Cafes and restaurants are the highest performing sector of the retail industry, according to latest data from the Australian Bureau of Statistics. These figures may encourage you to want to open your own coffee shop in Australia.

In seasonally adjusted terms, prices in the cafe, restaurants and takeaway food services sector rose by 2.2 per cent in November 2013.

Cafes and catering services shared the largest increase within this burgeoning industry, rising 2.8 per cent while takeaway crept up by only 1.2 per cent.

These results show now is a great time to consider buying or opening your own coffee shop or cafe in Australia. Before you jump into this lucrative market, it’s important you understand your business insurance needs.

As a service that caters to the public, it is important that you are covered in the event you or your employees are found responsible for the injury of a third party or damage to their belongings.

This is where public liability insurance is essential. A public liability policy will ensure your business is protected from the financial burden of compensating for damage or loss caused to a third party.

Additionally, you will want to ensure the equipment you use everyday, such as the espresso machine and other appliances in the kitchen, are covered for break-downs and damage.

Each cafe is unique, so it makes sense that a cafe insurance policy should reflect the needs of the individual, rather than a one-size-fits-all approach.

Here at Bruce Insurance, we specialise in assisting coffee shop and cafe owners, having been in the cafe insurance business for more than 25 years.

One of our Cafe Insurance specialists can tailor a comprehensive insurance policy that suits your business’s individual needs, including public liability cover, building insurance and equipment protection.

2014-02-06T14:08:12+00:00 January 23rd, 2014|