View of carrier ship being loaded with foodstuffs requiring trade credit insurance

Trade Credit Insurance: Mitigating Risk for Food Distributors

May 26, 2023

As a food distributor, importer, or exporter, you are not only handling perishable goods but also navigating an intricate web of international laws, trade agreements, and financial transactions. One misstep, like an insolvency event or a buyer default, can have severe consequences for your business. Here’s where Trade Credit Insurance (TCI) for Food Distributors enters…

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A piece of a globe conveys the international aspect of trade credit insurance

Trade Credit Insurance: Coverage is Especially Important Right Now

May 5, 2023

Trade credit insurance for Food Distributors is a type of insurance that protects businesses from losses due to non-payment by their customers. It is especially valuable for businesses with international customers and businesses operating in the import/export industry. In this article we’ll explore the ins and outs of trade credit insurance and why it’s more…

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Top Food Recalls: Impact on Companies & Industry Insights

April 11, 2023

The number of food recalls exploded in 2022. The total number of “units” recalled under the authority of the FDA increased by 700 percent in 2022 compared to 2021, according to a recently released report. In fact, the Food and Drug Administration (FDA) and the USDA’s Food Safety and Inspection Service (FSIS) report there were…

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Navigating the EU’s Pesticide Residue Requirements: A Guide for Food Exporters

March 16, 2023

Exporting food products to the European Union can be a lucrative opportunity for food exporters, but it also comes with its own unique set of challenges. One of the biggest hurdles that exporters face is complying with the stringent EU pesticide residue requirements. With maximum residue limits (MRLs) that are often lower than those in…

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Why A Food Liability Insurance Program is a Necessary Part of the Food Production Process

February 27, 2023

We all know that recalls can be extremely costly activities but they are a critical element of the product supply business, and the final line of defense to keep consumers safe. That’s why a reputable food liability insurance program is a must. Manufacturers are under extreme pressures unlike anything we have seen in recent times; factors…

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What Happens if Your Food Company Faces a Breach of Contract?

December 5, 2022

Every food and beverage company plans to fulfill its contractual obligations on time. But what happens if mitigating circumstances lead to a breach of contract?  There are many reasons why a food company might not fulfill its contractual obligations, including natural disasters, supply chain issues, or government sanctions. To protect your company against potential litigation,…

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Trade Credit Insurance: Protect Your Capital & Stabilize Cash Flow

November 23, 2022

Nearly 1 in 5 businesses goes out of business yearly due to the impact of delinquent accounts. This is the reason why Trade Credit Insurance is such a critical component of your risk management strategies. By insuring some or all of your trading partners’ payments, you guarantee that you will receive that money, whether it’s…

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Why Food & Beverage Wholesalers Need Commercial Auto Insurance

November 18, 2022

Food and beverage wholesalers face unique risks when running their businesses due to buying, selling, and storing food products in bulk. These risks include theft, damage from natural disasters, and even lawsuits. Having the right insurance policies is essential when disaster strikes.  If your food or beverage wholesale business owns or operates any vehicles, your…

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Business Interruption Insurance for the Food & Beverage Industry

September 26, 2022

The food and beverage industry has seen a steady increase in losses due to natural disasters, such as hurricanes, tornadoes, floods, and earthquakes. It’s a problem that’s not going away. Over the next decade, climate change is expected to cause a $2 trillion reduction in workplace output and productivity. Natural disasters can cause significant disruptions to businesses’ operations,…

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Top Disrupters of the Global Food Chain

September 26, 2022

The food and beverage industry has undergone significant changes over the last few decades. From the rise of e-commerce to the growing popularity of plant-based foods, consumers are looking for new, healthier options with faster delivery. Yet, the food system continues to face challenges from climate change, land degradation, water scarcity, and other environmental issues.…

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Coughlin Insurance Services, Inc.
178 Myrtle Boulevard, Floor 2, Larchmont, NY 10538
Toll Free : (800) 542-0661
Tel: (914) 834-1234 Tel: (212) 593-0200

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