Food Industry Insurance
Food distributors importing and exporting perishables face unique challenges, from transit delays to spoilage and even theft. When these issues arise, they can severely impact business operations and profitability. Ocean cargo insurance and stock throughput insurance (STP) offer essential risk management solutions for food distributors, ensuring comprehensive protection across the supply chain. This article delves…
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Trade credit insurance for food distributors serves as key protection for food businesses, acting as a type of accounts receivable insurance that safeguards against non-payment by clients. It helps companies manage cash flow with greater confidence and stability. For executives in the food import and export business, trade credit insurance can mean the difference between…
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In today’s unstable environment, the food industry faces unique and complex risks. From the impacts of climate change and extreme weather to unpredictable geopolitical events and economic fluctuations, the market has become increasingly challenging for executives managing food importing and exporting businesses. With so much unpredictability, having the right essential insurance for food business stability…
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As the food inflation landscape shifts in 2025, with prices expected to stabilize after years of rapid increases, food industry executives are finding new opportunities and challenges. A food inflation slowdown promises to ease some operational pressures but raises questions about how food businesses should adapt their insurance coverage to remain resilient and financially secure.…
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As technology continues to play a critical role in improving operations and streamlining supply chains, food importers and exporters face increasing risks of cyber threats. It’s always a good time for executives in the food industry to evaluate their cybersecurity strategies and ensure their businesses are protected against the latest threats. Proactively assessing and updating…
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Product recalls are high-stakes events that can threaten the foundation of a business. From foodborne illness outbreaks to allergen mislabeling, recalls in the import and export sectors are on the rise, with the FDA and USDA reporting significant recall events throughout 2024. For executives managing food distribution and handling, product recall insurance offers essential protection,…
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As restaurants and food businesses increasingly rely on digital tools for operations, the rise of cyber threats has become a growing concern. October marks Cybersecurity Awareness Month, a critical time for food industry professionals to evaluate their cybersecurity measures and take steps to safeguard against the growing landscape of cybercrime. With cybercrime expected to cost…
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As the hurricane season approaches, executives in the food importing and exporting business must prioritize hurricane season preparedness. Ensuring your warehouse is disaster-proof is not only vital for protecting your assets but also for maintaining business continuity. This article covers essential updates and strategies to prepare your warehouse for the upcoming hurricane season. Warehouse Hurricane…
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In the competitive world of food importing and exporting, managing legal risks is crucial for maintaining business continuity and financial stability. One emerging solution that is transforming the landscape of liability insurance is litigation funding. This innovative approach provides businesses with the financial support needed to handle legal disputes without straining their resources. In this…
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The FBI has recently issued a crucial advisory for businesses in the food sector, emphasizing the need for robust cybersecurity frameworks, regular security audits, and ongoing employee training to recognize phishing attempts and other common cyber threats. As food industry professionals, it is imperative to understand these recommendations and implement effective cybersecurity measures to safeguard…
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