Food Industry Insurance

The global supply chain has been under stress as the high demand for product delivery has only increased over the last few years. Furthermore, as businesses import more products into the USA, supply chains and cargo ships have struggled to keep up and make timely deliveries. While COVID-19 certainly changed the supply industry, there are…

Food and beverage businesses always look for ways to improve efficiency and cut costs. The ELD mandate was no exception. While the mandate presents challenges for some industries, the food and beverage industry can benefit from it in several ways. In this post, we’ll explore how the ELD mandate can help your business run more…

When you’re considering importing or exporting goods, it’s important to factor in the potential risks involved in the process. One of the most important steps in protecting your business against those risks is purchasing import and export insurance. But what does that insurance cover, and how can you be sure you’re getting the best protection…

Food recalls are a risk for food companies. Not only do damaged goods pose a health risk to the public, but the cost of food recalls can be astronomical. Businesses that are unprepared to deal with food recalls can quickly be overtaken by the process. Therefore, it is important to understand the cost of food…

As a business owner, you’re always looking for ways to minimize your costs and protect your interests. When you’re shipping goods over water, marine cargo insurance is one way to do both. Here’s what you should know about this type of insurance. What is marine cargo insurance? Cargo insurance protects your goods in the event…

All insurance is designed to help you or your business manage risks in the event of accidents or damages. Marine insurance is designed to help manage the risks involved with the travel of goods from one destination to another.  Despite what the name implies, marine insurance covers all modes of transportation of goods. However, it…

Running a business is difficult. Learning to protect yourself from liabilities and potential losses is one of the most difficult parts of running a company. However, it doesn’t have to be as complicated as people think! One of the best ways to protect yourself from bad debts and unpaid invoices is to get trade credit…

Product recalls are financial and PR nightmares for businesses. Potentially costing billions of dollars, product recalls can be one of the biggest financial losses a company faces. But who pays for a product recall? Many parties are involved, such as the company, insurance, 3rd party distribution, etc. Here’s what you need to know about the…

It is essential to understand why recalls occur in an ideal world, every product that we build, buy, or own, would be perfect in every way. The reality, however, teaches us that while perfection is something to strive for in the marketplace, it is often something that is not always attained. While some may be…