If there is an industry that can weather the worst recessions or depressions in the economy, it has to be the Food and Catering industry. As a nation, we probably have more varieties of regional and fusion cuisine than any other nation in the world.

After the industry has been institutionalised, restaurants have also vied for top billing amongst each other and constantly strive to outperform one another by setting newer and higher standards of service and cuisine

Being a service-oriented industry means having to constantly maintain the highest levels of professionalism, both in culinary and quality-control terms. Assuming that you are involved in the hotel industry, you are liable to legal defamation and damages if any of your dissatisfied or antagonistic customers chooses to sue you for alleged negligence on your part.

If you opt for a Hoteliers' Liability insurance policy, then you can rest assured. As soon as the policy period commences, your insurance policy will handle any claims arising from damages caused by any negligence, omission or errors on your part.

One of other drawbacks in a service-oriented industry is that you have to provide whatever the customer desires. So what if the item is out of season or not available in the market? Your restaurant cold-storage must undoubtedly stock the choicest materials to complement your chef's kitchen that dishes out succulent exotica to your patrons.

However, stocks stored in the cold-storage freeze are prone to spoilage and rotting if the power were to fail. And rotten spoilt stock is worth nothing. You can protect yourself from monetary losses if you opt for a Deterioration of Stock insurance policy. The policy will compensate you for any loss suffered owing to spoilage or rotting of stock stored in the cold-storage freezer.

Cash transactions form a major part of business activity. But don't the inherent risks posed by handling such a large volume of money seem unnerving at times? If you opt for a Money in Transit insurance policy, then your policy will serve and protect your liquid assets from almost all major perils.

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