Commercial property insurance will protect your hawker stall from fire. It also covers you against a broad range of other risks, like explosions, water damage, burglary, vandalism, etc. Given the heavy cooking that many hawkers do (or their proximity to other stalls that do), fire insurance is an absolutely essential part of risk management for hawkers. The cost of this is also very low.
You can either get a standalone commercial property policy, or you can get an insurance package deal designed for hawkers. The latter gives you multiple forms of coverage beyond just fire protection: it includes food poisoning cover, work injury cover, money loss cover, business interruption cover, etc.
Here's an overview of what a typical hawker insurance package would look like:
Commercial property: $100,000
Public liability with food poisoning cover: $500,000
Business interruption: $20,000
Work injury: 3 employees automatically covered, with option to top up for more workers
Money: $5,000
And much more
Cost: A package like the above would would typically start from $200/year. That's the equivalent of $16/month - just slightly more than a Netflix subscription! Considering the amount of coverage you get, that's a really great deal.
Where's the best place to get hawker insurance?
Get hawker insurance quotes here. Save up to 25% on your premiums with Provide.
Commercial property insurance will protect your hawker stall from fire. It also covers you against a broad range of other risks, like explosions, water damage, burglary, vandalism, etc. Given the heavy cooking that many hawkers do (or their proximity to other stalls that do), fire insurance is an absolutely essential part of risk management for hawkers. The cost of this is also very low.
You can either get a standalone commercial property policy, or you can get an insurance package deal designed for hawkers. The latter gives you multiple forms of coverage beyond just fire protection: it includes food poisoning cover, work injury cover, money loss cover, business interruption cover, etc.
Here's an overview of what a typical hawker insurance package would look like:
Commercial property: $100,000
Public liability with food poisoning cover: $500,000
Business interruption: $20,000
Work injury: 3 employees automatically covered, with option to top up for more workers
Money: $5,000
And much more
Cost: A package like the above would would typically start from $200/year. That's the equivalent of $16/month - just slightly more than a Netflix subscription! Considering the amount of coverage you get, that's a really great deal.
Where's the best place to get hawker insurance?
Get hawker insurance quotes here. Save up to 25% on your premiums with Provide.