Restaurant & Cafes

What is a Restaurant & Cafe Insurance Package?

CPR Insurance Services have a range of insurance solutions specific to the needs of the Restaurant and Cafe industry while providing you with the flexibility to tailor coverage if you have specific needs.

Our tailored insurance package for restaurants provides the cover you need at a price you’ll find very appetising.

Why CPR Insurance Services?

We have streamlined the whole insurance process so that arranging your cover, managing your claims and taking care of any other needs can be done quickly by phone or email.

We can save you time, money and the worry arising from trying to understand complex insurance contracts. We have the training and experience needed to deliver solutions that protect your risks.

The types of Insurance covers that are included in a restaurant insurance policy include:

  • Fire – covers fire, lightening, explosion, storm damage, aircraft, water discharge and malicious damage
  • Accidental Damage – a sub-limit covering any kind of loss not specifically excluded
  • Business Interruption – covers the loss of turnover you are unable to make following an insured event
  • Burglary – covers theft and burglary including damage caused by a break in to your premises
  • Glass – accidental breakage of fixed glass or fixed porcelain
  • Money – loss following robbery from your premises or whilst in transit
  • Public/Products Liability – covers bodily injury or property damage you cause to a third party
  • General Property – covers mobile equipment and tools of trade away from your premises
  • Machinery Breakdown – repairs to mechanical equipment following sudden damage
  • Loss of Refrigerated Stock – if as a consequence of Machinery Breakdown
  • Electronic Equipment Breakdown - repairs to electronic equipment following sudden breakdown. Can include rewriting of data
  • Tax Audit – Covers unexpected additional professional fees if the ATO suddenly audit your business
  • Employee Dishonesty – covers loss caused by embezzlement by your staff

Things to remember in Business Package Insurance Policies

Watch out and discuss with your Broker some of the following issues:

  • Average clause” which may only pay a proportion of your claim if under-insured
  • Full Reinstatement/Replacement conditions – sometimes called “New for Old” rather than Market value
  • Never under-estimate the value of Business Interruption cover. It can be the difference between survival for your business or oblivion when you cannot generate income from your lost assets
  • Burglary cover does not include cash or negotiable instruments. For this you need the Money section
  • Good Security  can keep rates down for the Burglary and Money sections

Who can help?

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge. Call a good one. Call CPR – Experts who will save you.

Cooper Professional Risks Pty Ltd trading as CPR Insurance Services is an Authorised Representative of National Adviser Services Pty Ltd (ABN: 60 096 916 184) trading as NAS Insurance Brokers (AFS No.233750)

Latest News

Illegal or unsuitable cladding now a big issue

Why we have laws, regulations and Australian standards? Because some people just do the wrong thing all for the sake of making money. The cladding issue is the subject of 4 Corners program on the ABC.

We are already seeing Insurance policies now placing exclusion endorsements into their policies excluding and claims relating to illegal cladding. We are seeing Governments demanding Audits of all existing buildings above a certain height. There are accusations of Builders taking other short cuts such as on Wiring, Pipes and sprinkler systems. 

The question is, who is to blame? Who will take responsibility?

read more

Small business in NSW

Right after the NSW Government have reimposed Fire Service Levies, they have at least made an effort for small business. The government has announced it will abolish stamp duty on a number of policies taken out by a small business. This is an important change.

What is a small business? In order to gain the exemptions, the business must be a small business for Capital Gains Tax Purposes for the income year in which the insurance is effected or renewed. A small business for CGT purposes is: “an individual, partnership, company or trust that is carrying on a business, and has an aggregated turnover of less than $2 million.”

read more