Food Industry Insurance

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

By Insurance News Editor / 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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Why Food & Beverage Wholesalers Need Commercial Auto Insurance

By Insurance News Editor / 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

By Insurance News Editor / 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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3 Critical Challenges Facing Global Supply Chains

By Insurance News Editor / August 4, 2022 /

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…

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A Food Distributing truck is loaded with goods covered by Marine Cargo Insurance

The Impact of the ELD Mandate on the Food & Beverage Industry

By Insurance News Editor / July 21, 2022 /

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…

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Common Questions about Import & Export Insurance

By Insurance News Editor / July 5, 2022 /

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…

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Who pays for a product recall?

By Insurance News Editor / April 20, 2022 /

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…

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What type of factors can lead to a recall event?

By Julian / August 22, 2021 /

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…

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Girl-With-Mask-Shopping-at-Grocery-Store to showcase the effect of a cybercrime attack

How Ready is Your Food Business for a Cybercrime Attack?

By Insurance News Editor / May 6, 2021 / Comments Off on How Ready is Your Food Business for a Cybercrime Attack?

The food industry is undergoing a rapid digital transformation, leveraging automated processing systems, Internet of Things (IoT) devices, AI-driven logistics, and cloud-based data management to enhance efficiency. However, this transformation has led to a massive increase in cybercrime attacks, putting food manufacturers, importers, exporters, and distributors at high risk for devastation. The Increasing Threat of…

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