Rise of Functional Foods & Beverages

Tom WallaceProduct Liability, Risk Management

Background The variety of food and beverage options continues to advance. Functional foods and beverages are very hot right now. For us, in insurance, functional foods and beverages seem to fall in between traditional insurance underwriting guidelines. Before we jump in, what are traditional underwriting guidelines? The more “science” ingredients a product has the more “standard” insurers are not interested … Read More

Non-Owned Autos in Your Food & Beverage Business

Daniel FooteAuto Insurance, Liability Insurance, Risk Management

  Use of a non-owned autos in food and beverage businesses is common. Most of the time these vehicles are owned by employees or owners of the business itself because it makes sense. The cost to purchase, maintain and insure commercial vehicles is expensive. In addition to cost, the use of vehicles is secondary to most business models. Consequently, non-owned … Read More

Product Liability Insurance and Exported Products

Daniel FooteExport, Import, Liability Insurance, Product Liability, Risk Management

Product Export The world is getting smaller and smaller. Product export by food and beverage companies is common. Local, state and federal agencies are helping expand borders. If you export products now or are thinking about it be aware of how insurance responds. Below are some essential policy terms to keep in mind. Policy Territory Insurance policies have coverage territories. … Read More

Workers Compensation

Daniel FooteLaws and Taxes, Risk Management

, Workers Compensation for Employees-General Most states require coverage for employees who become sick or are injured on the job. Workers compensation insurance and state workers compensation law work together to provide benefits to employees. ┬áThe purpose of this post is not to give a policy overview. For those of you with larger organizations you know the drill. It can … Read More

Contract Review

Daniel FooteContracts, Product Recall, Property Insurance, Risk Management

    Contract-A Good Read Contracts, lovely reading are they not? Not always easy to get through but if you are food and beverage manufacturer using a co-packer, distributor, or direct to retail , here are some things you want to keep in mind when reviewing for insurance purposes. Types of Liability Insurance A key contract item is insurance. This … Read More