Articles
In today’s food industry, understanding how General Liability Insurance and Product Recall Insurance work together is essential, but often misunderstood. While both coverages play distinct roles, each is critical to protecting food companies from significant financial and reputational risk. Since the introduction of the Food Safety Modernization Act (FSMA) in 2011, food manufacturers, processors, and…
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In the food and beverage industry, few things are more costly—or reputation-damaging—than contamination during transit. Perishable goods face constant exposure to fluctuating temperatures, poor handling, and shipping delays. Even a minor oversight can lead to spoilage, product recalls, or legal disputes. According to the FDA, nearly 48 million Americans experience foodborne illnesses each year, and…
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A refrigerated container of fresh seafood sits at port for an extra week due to congestion. Specialty cheeses miss their temperature-controlled deadline. Organic produce spoils before clearing customs. For food businesses, port delays are financial disasters that can wipe out entire shipments and damage hard-earned reputations. Port delays have become increasingly common due to labor…
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Specialty food items generate more than twice the return on inventory investment for retailers compared to conventional products, with 50.1% ROI versus 19.8% for non-specialty items. This higher value creates unique risks that standard shipping insurance simply cannot address. From artisanal cheeses and premium wines to exotic spices and organic produce, specialty foods face challenges…
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Food fraud costs the global food industry an estimated $40-50 billion annually, with importers and exporters bearing significant financial risks. Recent data shows almost a 10% increase in food fraud incidents in 2024, highlighting the growing threat to supply chain integrity. The complex supply chains involved in international food trade create multiple vulnerability points where…
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The journey of food from farm to table involves an intricate food distribution chain of producers, processors, distributors, retailers, and logistics providers. This complex food distribution chain faces countless risks at every stage, from natural disasters destroying crops to contamination events that can trigger massive recalls. Insurance serves as the critical safety net that keeps…
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In today’s interconnected business landscape, global supply chains have become the backbone of commerce. From food manufacturers sourcing ingredients across continents to construction companies importing specialized materials, businesses rely heavily on complex international networks. However, this interdependence creates significant vulnerabilities that many organizations fail to adequately address through proper insurance coverage. At Coughlin Insurance Services,…
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Recent tariff escalations have created immediate operational challenges that go far beyond simple cost increases. For businesses managing international supply chains, the real impact hits where it hurts most: customs bond requirements, inventory valuation fluctuations, and warehouse risk exposure. Customs Bond Pressure Points Surety Capacity Constraints When tariffs spike, your customs bond requirements can double…
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When shipping goods across international borders, it’s critical to understand the role of Incoterms and insurance responsibilities. These internationally recognized trade terms define the responsibilities of buyers and sellers. This includes who arranges shipping, who pays for what, and who holds liability during different stages of the shipping process. If you’re involved in importing, exporting,…
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When you buy a home or a car, you’re not just making a purchase—you’re making a long-term financial investment. These assets represent some of the largest commitments most people will make in their lifetime. With today’s rising interest rates, economic instability, and inflation affecting everything from materials to medical care, the stakes are even higher.…
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