Food Insurance
Adapting Food Chains: Sustainability & Insurance Safety
In today’s dynamic market, the complexities of the global food supply chains are under unprecedented scrutiny. Distributors, particularly those involved in the import and export of food, confront two paramount challenges: sustainability and risk management. As climate change continues to impact crop yields, transportation, and overall food security, the need for a sustainable approach has…
Read MoreBuilding Resilience in Food Distribution: Strategic Insurance Insights
The import and export of food products require meticulous planning, compliance, and risk management. Understanding the complexities of insurance within this field can be the defining factor for success or failure. This article, “Building Resilience in Food Distribution: Strategic Insurance Insights,” covers the crucial aspects of cargo insurance, risk management, trade credit insurance, and more. …
Read MoreUS Food Imports: Navigating FDA Rules and Regulations
The Food and Drug Administration (FDA) is the leading authority when it comes to regulating food imports into the United States. Importers bear the responsibility of ensuring that all products align with U.S. requirements for safety, sanitation, and labeling. In this article entitled “US Food Imports: Navigating FDA Rules and Regulations,” the complexities of the…
Read MoreMaximizing Benefits: Stock Throughput Insurance
Stock throughput insurance is a type of insurance that covers the goods (or stock) of a business throughout the whole supply chain, from point of origin to final destination. This typically includes coverage while the goods are in transit (by air, sea, or land), in storage, and even during processing or manufacturing, thus maximizing the…
Read MoreTrade Credit Insurance: Coverage is Especially Important Right Now
Trade credit insurance for Food Distributors is a type of insurance that protects businesses from losses due to non-payment by their customers. It is especially valuable for businesses with international customers and businesses operating in the import/export industry. In this article we’ll explore the ins and outs of trade credit insurance and why it’s more…
Read MoreTop Food Recalls: Impact on Companies & Industry Insights
The number of food recalls exploded in 2022. The total number of “units” recalled under the authority of the FDA increased by 700 percent in 2022 compared to 2021, according to a recently released report. In fact, the Food and Drug Administration (FDA) and the USDA’s Food Safety and Inspection Service (FSIS) report there were…
Read MoreNavigating the EU’s Pesticide Residue Requirements: A Guide for Food Exporters
Exporting food products to the European Union can be a lucrative opportunity for food exporters, but it also comes with its own unique set of challenges. One of the biggest hurdles that exporters face is complying with the stringent EU pesticide residue requirements. With maximum residue limits (MRLs) that are often lower than those in…
Read MoreWhy A Food Liability Insurance Program is a Necessary Part of the Food Production Process
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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