Foa & Son specializes in the insurance and risk management needs of the Food & Beverage Industry – including importers/exporters, processors, distributors, grower/shippers, contract manufacturers, restaurants and retailers.
Food & Beverage Industry Insurance Solutions
With the introduction of the Food Safety Modernization Act, companies are dealing with an entirely new wave of regulatory pressure. This, coupled with razor thin margins, along with increasing cost pressures throughout the supply chain, food & beverage companies cannot entrust their property, profits and reputation to an insurance broker who does not have expert knowledge of their business. With the complexities in the global food supply chain, it is important for any food & beverage executive to select an insurance broker who is able to deliver targeted, food industry risk solutions.
Exclusive articles relating to Food Industry expertise
The past couple of decades have seen businesses turn increasingly to PEO’s (professional employer organizations) and staffing agencies to fill both permanent and short term labor needs. There are many advantages to using these types of services, but with their use comes an additional liability risk for the businesses using them.
It’s Spring, and right on schedule many areas face renewed risk of flood from snow melt and spring precipitation. Recent trends of more frequent, severe and unpredictable weather events can’t be denied, and smaller “nuisance” flood events are occurring coast to coast. Although each event is considerably smaller than the large-scale floods covered by the news, the frequency of their occurrence is much higher, creating a hefty financial impact on cities and their citizens.
Leases are always a potential source of insurance problems. When they are lacking even a small clause, such as a subrogation waiver, the client is left vulnerable to an allegation of responsibility or liability of a loss. Without careful attention by attorneys in the reviewal of leases, a tenant could be at risk for being pursued by the landlord’s insurance company for retribution.
The dangerous condition that cropped up in northern California in February at the Oroville Dam highlights a real issue for business owners and risk managers posed by the deteriorated condition of our nation’s infrastructure. Much of the nation’s roads, bridges, dams, ports and other vital areas have surpassed their intended lifetimes. A well written insurance program is necessary to anticipate the disasters that are inevitable due to the deteriorated infrastructure.
Food & Beverage Industry Insurance Experts
The Food & Beverage team at Foa & Son has dedicated more than a decade to the unique needs of the food industry. We are engaged in food industry events and are active members of a number of food industry trade associations. General insurance products do not speak to all of the risks faced by food & beverage companies. Our team is committed to understanding the regulatory exposures and food supply chain risks first, and only then through that knowledge, we are able to negotiate coverage terms and pricing that will exceed the expectations of our clients.