A Guide To Food Manufacturer's Insurance
Every type of business and industry is different, which is why they all require different insurance cover. Someone working for their own business from home, for example, will have a vastly different type of commercial insurance cover than a large food manufacturer. It can be difficult to know what type of insurance you need for your business and why.
That’s why in this blog we will be exploring food manufacturers’ insurance needs, what type of cover they should look for, and how it works.
Take a look around our website for more information on types of commercial insurance that may fit your business and how we can help. Or, find out more about the different types of manufacturing insurance on our blog.
Why Do You Need Specialist Food Manufacturers Insurance?
While there are one-size-fits-all options for commercial insurance cover out there, often they will not include vital types of cover that would protect you and your specific business in the case of something unexpected. Getting tailored insurance coverage from a specialist chartered insurance broker ensures that you are covered for every aspect in which you might be at risk, and getting it for the best price.
Of course, as with any business, it’s important that you keep your risk management systems up to date, so that any of the following scenarios are avoided as much as possible. However, we cannot prepare for everything. Which is where specialist insurance cover comes in.
Product Liability Insurance
When dealing with products and consumables that are distributed to the public, it is absolutely vital that you are covered for your products. Product liability insurance covers you in the event that someone becomes ill from consuming or using your products and they decide to claim against you. It can cover court costs and compensation should this ever happen.
Goods in Transit Insurance
With a manufacturing business, you can do everything in your power to protect your staff and your stock, but the unexpected still happens. Once your goods are in transit (via road, sea, or air) any number of things could happen. That’s why getting goods in transit insurance as part of your tailored food manufacturer’s insurance is ideal. That way, if your products are lost, stolen, or damaged while being transported, you’ll be covered for the losses.
Tools Insurance
With manufacturing comes a large amount of specialist equipment, machinery, and tools. These can be extremely difficult and expensive to replace in the event of them breaking down or being damaged by an insurable event. That’s why getting specialist tools insurance should be something you consider.
Stock & Contents Insurance
Like any business that deals with physical stock and has a physical location, it’s important that your stock is covered by your insurance policy. This is particularly important where food is concerned. If your freezers or processing lines break down and perishable stock is wasted, or a large amount of stock is damaged, you can ask for this be covered.
Alan & Thomas
To be properly protected against the unexpected, you need an insurance broker who understands manufacturing and wholesale trades and can find you the best comprehensive deals. At Alan & Thomas, we are chartered insurance brokers that want to get to know you and your business. Our commercial insurance experts are here to help you find the best cover so that you can get back to what’s really important: your business.
To find out how we can help find the best cover for your food manufacturing insurance, get in contact with us today. Just call us on 01202 754900 or email info@alan-thomas.co.uk.