Liverpool Restaurant Insurance Case Study
Finding Insurance Gaps for a High-End Liverpool Restaurant
Location: Liverpool NSW 2170
Bill had been arranging insurance directly with an insurer for around seven years for his high-end restaurant in Liverpool NSW 2170.
After being referred to Ideal Insurance Brokers, he asked us to review his insurance and see whether it still suited the business.
- Annual turnover
- $1.8M
- Annual rent
- $180K
- Wages
- $200K
- Other ongoing expenses
- ~$100K
We Found a Few Important Gaps
Bill had been arranging insurance directly with an insurer for around seven years for his high-end restaurant in Liverpool NSW 2170.
After being referred to Ideal Insurance Brokers, he asked us to review his insurance and see whether it still suited the business.
That was a concern given the size of the business, with around $1.8 million in annual turnover, $180,000 in rent, $200,000 in wages and approximately $100,000 in other ongoing expenses.
Charcoal cooking operations
The restaurant's charcoal cooking operations needed to be properly addressed.
No Business Interruption cover
Bill had no Business Interruption cover — a concern given the size of the business and its ongoing expenses.
What We Did
Rather than simply looking for a cheaper policy, we reviewed how the restaurant operated, including its cooking methods, turnover, expenses and existing cover.
We then arranged insurance that better reflected the business and included consideration of Business Interruption protection.
The Result
Bill was happy with the outcome and understood that getting the right cover was more important than simply paying the lowest premium.
“I'm happy to pay more so I am covered properly.”
For us, that's the important part of an insurance review — making sure the cover reflects the business you're actually running.
Operating a restaurant in Liverpool NSW 2170?
Talk to Ideal Insurance Brokers about reviewing your restaurant insurance.
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