Insurance News

What Happens if Your Food Company Faces a Breach of Contract?

December 5, 2022 |

Every food and beverage company plans to fulfill its contractual obligations on time. But what happens if mitigating circumstances lead to a breach of contract?  There are many reasons why a food company might not fulfill its contractual obligations, including natural disasters, supply chain issues, or government sanctions. To protect your company against potential litigation,…

Trade Credit Insurance: Protect Your Capital & Stabilize Cash Flow

November 23, 2022 |

Nearly 1 in 5 businesses goes out of business yearly due to the impact of delinquent accounts. This is the reason why Trade Credit Insurance is such a critical component of your risk management strategies. By insuring some or all of your trading partners’ payments, you guarantee that you will receive that money, whether it’s…

Why Food & Beverage Wholesalers Need Commercial Auto Insurance

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…

Business Interruption Insurance for the Food & Beverage Industry

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,…

Top Disrupters of the Global Food Chain

September 26, 2022 |

The food and beverage industry has undergone significant changes over the last few decades. From the rise of e-commerce to the growing popularity of plant-based foods, consumers are looking for new, healthier options with faster delivery. Yet, the food system continues to face challenges from climate change, land degradation, water scarcity, and other environmental issues.…

Why You Need Builder’s Risk Insurance

September 15, 2022 |

Most people don’t think about insurance until they need it. And unfortunately, by that time, it’s often too late. That’s why it’s important to understand the different types of insurance available and make sure you have the right coverage for your business. Builder’s Risk Insurance is an essential type of coverage for contractors and builders.…

What is Business Interruption Insurance?

August 29, 2022 |

If your business is faced with a temporary closure or interruption of operations, does your insurance policy provide coverage? Chances are, it doesn’t. Business interruption (BI) insurance is a specialized add-on policy that covers the financial losses a company experiences due to an unexpected event. Read on to learn more about BI insurance and how…

3 Critical Challenges Facing Global Supply Chains

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…

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

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…

Common Questions about Import & Export Insurance

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…