Food and Beverage Manufacturer Insurance

A food and beverage manufacturing insurance policy may include the following coverages:

• Commercial General Liability (CGL) Insurance: CGL shields your regular business activities from third-party bodily injury and property damage claims or lawsuits that result from accidents or negligence. Commonly referred to as ‘slip-and-fall’ insurance, it covers you for the cost of accidents that cause personal injury or property damage to a third party on your premises or another location. CGL may also include product liability insurance – a must-have for food and beverage producers – which covers you for claims or legal action against you for any food or beverage item you manufacture, distribute, or sell.

• Commercial Property Insurance: Commercial property insurance is designed to protect your physical assets such as your office, manufacturing facility, business contents and inventory if damaged or destroyed by fire, flood, or a natural disaster. It also provides coverage for your business property if you experience damage or loss because of theft or vandalism. Commercial property coverage may also include business interruption insurance to provide you with funds if your facility must close for repairs following an insurable loss.

• Product Recall Insurance: Helps business owners recoup the cost of recalling products due to a defect, whether that recall is voluntary or involuntary (ordered by a government or regulatory agency). Recalls are typically triggered when a product poses a health risk to consumers, and they can be costly. Product recall insurance covers your shipping, warehousing, disposal, and restocking costs.

• Equipment Breakdown Insurance: Your food and beverage manufacturing plant houses expensive equipment and machinery. Equipment breakdown insurance covers machinery from costs associated with electronic or mechanical internal malfunctions.

• Errors and Omissions (E&O) Insurance: E&O insurance provides you with support if one of your clients alleges or sues you for negligence, mistakes, omissions, or failing to deliver a service as promised that causes them to suffer a financial loss. For instance, if a food item you produce for them fails to meet their specifications.

• Commercial Auto Insurance: Your organization’s business vehicles need to be protected by a commercial auto insurance policy (private-passenger auto insurance is not designed to cover vehicles used for business purposes). This insurance protects your vehicles and full-time employees who drive them for third-party liabilities or damages.

• Cyber Liability Insurance: Cyber liability insurance shelters your organization from cybersecurity-related risks involving your software, data, and computer hardware if you suffer a data breach or cyber-attack. It includes financial support to repair and restore your software and data, legal advice, credit monitoring, and for losses sustained to your business because of an outage triggered by a cyber incident.

There may be additional coverage your business requires. Speak to a Zensurance licensed broker if you have questions about your coverage and policy limits.