Food and Beverage Manufacturing Insurance Requirements

Working with food can be very rewarding. After all, someone will be able to enjoy your delicious creation at some point. However, you have to understand that many things can go wrong. There is always a risk that your safety standards weren’t up to par. A dangerous containment may get into your food supply and that could result in some of your customers getting sick. This is a major problem and it could result in massive lawsuits. You need to make sure that you’re very careful here. You need to shield yourself from these risks and exposures.

Having the right type of business insurance can help. You need to make sure that you have the right food and beverage insurance policy. ProfessionalsCoverage can help you get the coverage you need quickly and conveniently. Below, you’re going to learn a lot more about this type of insurance and the benefits it can provide.


Insurance Requirements for Food and Beverage Manufacturers

Ultimately, you need to contain the basic insurance coverage and so much more. Failing to do so is going to result in major problems. You cannot leave yourself vulnerable. You need to get the maximum level of coverage so you can protect your company to the fullest. Again, a basic plan combining commercial automobile insurance and general liability insurance can help. However, this isn’t going to be enough. You’ll need extra coverage to avoid the repercussions of a lost lawsuit. You also have to think about getting coverage for cyber risks.

First and foremost, you’re going to need property insurance. After all, you have a commercial facility. You manufacture food and beverages in a facility and you need to protect it. You’ll also want to consider buying crime coverage, excess liability insurance, equipment breakdown coverage, cyber risk coverage, and others. It is best to get as much manufacturers’ insurance as possible.


Situations When Food And Beverage Insurance Will Be Helpful

You should know that CGL or commercial general liability insurance can be very helpful. However, it is not enough on its own. You need additional protection to ensure that your company is able to thrive for many years to come. This is why you’ll want to obtain additional coverage options. Doing so will make a big difference. So, what can food and beverage insurance do for you? When will it prove to be beneficial? You’ll find out the answers below.


Dealing With Negative Publicity

You need to understand that you might not be able to catch the problem before it leaves your facility. There is a risk that a contaminated product is going to find its way into the customer’s hand. If it does and they eat it, there is a chance that they’re going to get risk. This might happen to multiple people and that can create major problems for your company. It may result in a class action lawsuit. With this in mind, you need to make sure that you have negative publicity coverage. If something goes wrong and someone gets sick, the insurance will protect you.

It can offer as much as $25,000 in coverage.


Product Recalls

Another thing to note is that your company may be forced to recall a product in the future. Contaminated foods are far more common than you could ever imagine. Therefore, you need to make sure that you prevent them from happening. A good plan can decrease the risks. Nevertheless, there are still risks there. With this in mind, you should consider adding product recall expense coverage to your policy. This will make a huge difference in the long run. It’ll help ensure that your company is compensated in the event that you have to pay for product recalls.


Motor Truck Cargo Coverage

Finally, you should think about acquiring motor truck cargo coverage. This will make a big difference and it’ll provide you with better peace of mind. Remember that the food and drinks have to be transported from the facility to the customer. There is a possibility that something is going to go awry along the way. If this happens, you might end up losing your products. That can be devastating for any company. Therefore, you should get the coverage you need. If you have this insurance, it will protect you from such problems.

If your products are lost or damaged during transportation, the insurance will cover the costs. It can also help when problems occur during the loading and unloading process. Either way, this insurance is a must for anyone company manufacturing food and beverages.


Taking Care Of Risks

At the end of the day, every business out there faces great risks. These risks need to be addressed or they’re going to come back to haunt you. This is why you need to make sure that you take advantage of the services that we offer. ProfessionalsCoverage works with many Canadian companies and we offer more than insurance. We also provide risk assessments. This is one of the best ways to determine what risks you face. By acquiring this information, you’ll be able to put together a plan to limit your risks. It is pertinent to work with us so you can prevent your company from falling prey to lawsuits.


Coverage Made Easy

Are you ready to acquire sufficient coverage? The best way to get started is by working with ProfessionalsCoverage. We can work with you directly to help you get the insurance you need to keep your company safe. We also offer free quotes to all potential customers.




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