Operating a food and beverage (F&B) business in Malaysia can be incredibly rewarding, but it also comes with its fair share of risks. From kitchen fires to customer liabilities, ensuring your business has the right insurance coverage is crucial for long-term success. Berjaya Sompo offers customisable SME insurance plans designed to meet the unique needs of your F&B business, helping you stay protected against unexpected events.

Before purchasing insurance for your F&B business, here are 10 factors you must consider:

Tip #1: Where there’s fire, there’s always a risk!

F&B businesses face significant risks of fire damage due to fire- or heat-related kitchen equipment and often botchy electrical wiring. Ensure your insurance plan covers damages caused by fire, floods, and natural disasters to avoid costly repairs and business interruptions.

Tip #2: People do the darndest things. 

Customer injuries, such as slips and falls, can lead to costly legal claims. A comprehensive public liability insurance plan will cover legal fees and compensation claims, protecting your business from financial strain.

Tip #3: The show must go on.

Unexpected events such as equipment breakdowns, supplier delays, or fire damage can halt your operations. Business interruption coverage ensures you receive compensation for lost income while your business gets back on track.

Tip #4: When you’re in doubt, think before you throw it out.

Food safety is a top priority for any F&B business. Coverage for food spoilage due to power failures, equipment malfunctions, or supplier issues is essential to prevent financial losses.

Tip #5: A support system for your support system.

Your staff is the backbone of your business. Ensure they are protected with personal accident and workers’ compensation insurance to cover medical expenses and lost wages in the event of an accident.

Tip #6: Keep your F&B business under lock and key.

F&B businesses often store expensive equipment and valuable stock. Protect your business against losses from theft or break-ins with comprehensive coverage that includes inventory protection.

Tip #7: Custom packages for our customers.

Every F&B business has its own unique needs. With Berjaya Sompo’s customisable insurance plans, you can tailor coverage to include only what is necessary, ensuring affordability and relevance to your business.

Tip #8: Get to grips with the law of the land.

Certain types of insurance, such as workers’ compensation, may be mandatory for businesses in Malaysia. Make sure you understand the legal requirements to avoid fines and penalties.

Tip #9: Savings have never been this flexible!

Budget constraints can be a challenge for SME owners. Berjaya Sompo offers flexible premium options that allow you to get the coverage you need without breaking the bank.

Tip #10: You’ve got a friend in me!

In the unfortunate event that you need to file a claim, having a responsive and efficient claims process is crucial. Berjaya Sompo provides dedicated support to ensure your claims are handled swiftly and efficiently.

Why Choose Berjaya Sompo for Your F&B Business?

Berjaya Sompo’s SME insurance plans provide:

• Comprehensive coverage options tailored to your business needs
• Competitive pricing to fit your budget
• Expert advice from experienced professionals
• Fast and reliable claims support

Protect Your Business Today

Don’t leave your business vulnerable to unexpected risks. With the right insurance plan, you can focus on serving your customers while we take care of the risks.

Contact Berjaya Sompo today to learn more about our customisable insurance solutions for your F&B business!