Food Industry Insurance
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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In the digital age, the food industry, like many others, has embraced technology for efficiency and growth. However, this digital transformation also brings significant cyber risks, including data breaches and system hacks. Recent statistics indicate that cyberattacks in the food and beverage sector have been increasing, with incidents like ransomware attacks rising by over 50%…
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In today’s highly regulated food industry, the occurrence of product recalls is not only disruptive but can also be devastating financially and reputationally. As global supply chains and regulatory frameworks become more complex, the role of product recall insurance in safeguarding businesses is more critical than ever. This article reviews how product recall insurance protects…
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