Spectra Food & Beverage

Coverage

All Risks

Covers accidental physical loss of or damage to your property, which include Renovation, Improvements, Furniture, Fixtures & Fittings, Equipment, Stock in Trade (except Office Package) as well as Plate Glass. Deterioration of Stocks kept in refrigeration units contained in your premises up to limit allowed according to the Plan applicable to your business

Consequential Loss

Pays daily cash up to 120 days during the period of business interruption resulting from fire and other perils to the insured premises. Extension to cover closure of your business by the relevant public authorities consequent upon poisoning directly caused by the consumption of food or drink provided at the insured premises.

Money

Compensates you for the loss of money whilst in transit anywhere in Singapore or when it is kept within your business premises.

Personal Accident

Provides 24 hours worldwide protection on the life of employer(s)/ employee(s) against death or permanent disability including medical expenses incurred in the event of an accident.

Public Liability

Take care of your legal liability for accidental bodily injury or property damage to a third party in connection with your business. Liquor Liability up to S$250,000 (Applicable for Bento Plan only)

Goods-In-Transit

Protects you against loss of or damage to insured property whilst in the course of transit by any vehicle owned by or hired by you.

Legal Expenses

Covers your legal expenses incurred in connection with your business, including reimbursement of legal expenses in respect of Personal Data Protection Act.

Fire and Extraneous Perils on Building

Protects against loss or damage to the building structure as a result of fire, lightning, malicious damage and sprinkler leakage.

Fidelity Guarantee

Eases your worries for losses arising from dishonest acts of your employees.

Work Injury Compensation

Protects employees for work-related injuries and occupational diseases sustained in their course of work. Please complete the Work Injury Compensation Insurance declaration form.

Features

Food or Drinks Poisoning extension for business interruption
Covers up to $5,000 for Deterioration of Stocks in refrigeration unit
Covers Liquor Liability up to $250,000
Covers Food and Drinks Poisoning Liability up to $250,000
10% No Claim Discount* on renewal.(not applicable to WICI)
10% Chain Discount off the first year premium for 3 or more policies

Exclusion

Bars and discotheques
Nightclubs
Karaoke lounges and pubs
Push-carts
Mobile kiosks
Coffee shops
Wet/Dry markets
Hawker centres
Floating restaurants

This plan does not cover risks:

Outside of Singapore with exception of the Personal Accident section
Premises not of brick/tile/concrete construction
Property kept in the open or without perimeter fence and/or security outside business hours

Important Notice

Policy Owners’ Protection Scheme

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg)

Disclaimer

The product information detailed in this section does not outline all aspects of cover nor does this serve as an insurance contract. Please refer to a copy of our policy wording, which is available on request, for details of the coverage conditions and limits; or contact our Sompo authorised agent or your insurance broker for more details.