Insurance for Food Retail

Business insurance for food retailers covers everyday risks to help protect your bakery, butcher shop, convenience store, grocery store, or coffee shop and keep it running smoothly.

BizCover has bakery business insurance, butcher shop insurance, grocery store insurance and other retail food business insurance options made just for Australian small businesses. Compare quotes and save today!

Why do Food Retail businesses need insurance?

Whether you’re baking up the best pastries in town or the go-to local grocery, business insurance is something every food retail business should consider.

Your food business interacts with people every day, from suppliers to customers. Unwanted accidents could happen at any time—no matter how careful you are. With the appropriate types of retail food insurance for your small business, you can help safeguard your food business from financial and reputational damage.

BizCover makes it simple for butchers, bakers, convenience stores, and other retail food businesses to get covered. Compare multiple competitive quotes from leading insurers online in minutes.

Insurance for Retail Food Businesses

Public Liability insurance

Slips and falls are just one of the possible accidents that could happen in your retail food business. Luckily, Public Liability insurance* is here to help you handle third party injuries and property damage claims.

What is typically included?

Compensation for:

• Personal injury suffered by a third party (e.g., a customer, supplier, or member of the public)
• Damage to property owned by a third party due to your negligent business activities
• Legal and defence costs associated with a covered event

What is typically not covered?

• Employee injuries
• Damage to your business or personal property
• Costs of rectifying faulty workmanship
• Professional negligence
• Contractual liability
• Events occurring before or after the policy was taken

Business Insurance

Your business is more than just the food and drink you sell. A Business Insurance Package* can help you protect the building you work in and just about everything inside:

Building – If you own the building your shop runs out of, this cover can help you rebuild or restore it after water damage caused by burst pipes, a fire, or other covered events.

Contents – This cover can help you replace damaged or lost stock, furnishings, business records and more after events listed in the policy wording.

Theft – Covers you against loss of contents and stock as well as damage to your business premises, as a result of theft or attempted theft involving forcible or violent entry from your business premises.

Machinery breakdown – Depend on ovens to bake your goods, fridges to keep food fresh, and other equipment to do your job? This cover can help repair or replace your machinery after an unexpected failure.

Business interruption – If you can’t trade, you can’t earn. This cover can help you recover after unplanned interruptions to business as usual, like a major power outage.

Management Liability

As a business owner, it’s up to you to ensure a safe working environment. Management Liability insurance* covers claims of wrongful acts in the management of the insured business and can include directors’ and officers’ liability, employment practices liability, crime, statutory liability and tax audit.

A Management Liability policy can help you handle OH&S dramas, manage discrimination or unfair dismissal claims, EPA fines and more.

Tax Audit

Take the stress out of an ATO investigation, so you can focus on running your food retail business.

Tax Audit insurance* covers accountants’ fees incurred in connection with an audit by the Australian Taxation Office.

Cyber Liability insurance

Like many other businesses, the food retail industry relies on technology to get things done. A cyberattack could disrupt your ability to work, earn money, and pay your bills. And you could be more open to an attack than you realise. Using email, having a website, and accepting EFTPOS payments are just a few ways that cyberattacks can happen.

Cyber Liability insurance* covers losses from claims arising from data breaches, business interruption and remediation costs following an actual or threatened data breach.

How much does food retail food business insurance cost?

No two food retail businesses are the same. When calculating the price of your retail food business insurance, insurers will consider a variety of factors, which may include:

• Size of your business
• Number of staff
• Type of food business you are running
• Business location
• Amount of cover chosen
• Your claims history

Want to know how much bakery, butcher shop, convenience store, or grocery store insurance will cost for your food retail business? Compare quotes with BizCover and see how much you could save today!