Blog Articles Related To: Liability Insurance

We offer liability insurance for all types of food and beverage businesses. Whether you’re a manufacturer, copacker, importer, or retailer, we can provide liability insurance for your food or beverage business. Contact us to learn more or get a quote.


Insurance Deductibles

Tom WallaceGeneral, Liability Insurance, Product Liability, Product Recall, Property Insurance

insurance deductibles

Types of Insurance Deductibles Insurance deductibles all serve one function, the insured shares in a portion of a covered loss. Deductibles help weed out small claims and force an insured to have some “skin in the game”. Most insurance buyers think of deductibles in property insurance. We are all used to having a deducible for home or car insurance. A … Read More

Buying US Insurance

Tom WallaceCommercial Coverage, Liability Insurance, Product Liability, Property Insurance

buying US insurance

Starts with a US entity We often get requests from companies domiciled in other countries about buying US insurance. Typically it involves purchasing General Liability insurance required by retailers and distributors here in the US. Insurance companies in the United States typically require the insured on the policy be a US entity in order to buy US insurance. Ownership by … Read More

Additional Insured Vendors

Tom WallaceContracts, Liability Insurance

Distributor and retail relationships change all the time. Adding distribution partners to your insurance is common practice. Additional Insured-Vendors is the technical terminology. When ending a vendor relationship, beware of clauses that impact your insurance. After terminating a vendor agreement, does that mean the additional insured status no longer applies? If the distributor/retailer  no longer sells your product and you … Read More

What is a premium audit?

Tom WallaceLiability Insurance, Product Liability

Premium audit: What is it? Insurance companies conduct premium audits on certain types of policies. Not all policies go through an audit so policies rated on sales, payroll, square footage and units produced go through this process. Policies that have a premium audit? Common policies include General Liability, Product Liability and Workers Compensation. General and product liability use gross sales … Read More

Non-Owned Autos in Your Food & Beverage Business

Tom WallaceAuto 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 autos … Read More

Product Liability Insurance and Exported Products

Tom WallaceExport, 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. Need insurance for exporting food or beverage … Read More

Certificate of Insurance

Tom WallaceContracts, Liability Insurance

What is a Certificate of Liability Insurance (COI) Obtaining a certificate of liability insurance is often a routine administrative transaction. Because this piece of paper is important a quick turnaround time and accuracy matter. As a result of the administrative nature of these requests there is a real lack of understanding of what impacts a certificate of insurance. A certificate … Read More

Product Liability or General Liability?

Tom WallaceLiability Insurance, Product Liability

 Product Liability Insurance Basics Product liability insurance is a must have for specialty food and beverage businesses. A popular question we get is, what is the difference between product liability and general liability? Unfortunately an adequate answer means learning some insurance terminology. Liability policies breakdown in to these categories: General Liability General Liability policy that includes an endorsement for designated … Read More

Cost of Liability Insurance

Tom WallaceLiability Insurance, Product Liability

Cost of Liability Insurance How much does liability insurance cost? A common question asked by food and beverage companies. The factors below determine premium. Product Type Product type is a key element. The “higher” the risk, the higher the premium. Higher risk products include products directly imported into the US. An insurance company, insuring an importer, bears more risk because … Read More