Insurance for food manufacture
Food manufacture insurance is a complex business with many potential pitfalls to cover for. Many food brands have ruined their reputation due to product recalls, and employee safety is another key concern for food manufacturers with staff working in factories with machinery. Manufacturing companies must consider all aspects of risk in their business when planning and choosing insurance.
Three core areas of risk for food manufacture
The main risks for food manufacture businesses fit into the three categories outlined below.
- Inferior Building Materials
- Injury to third parties and product recall
- Cyber risk through intellectual property and computer systems
The video below explains considerations on each aspect of risk outlined above, and how to prepare for them https://youtu.be/vOuj5BpwCJc
What insurance do I need for my business?
A qualified specialist broker can advise you on a business continuity plan to help avoid risks like the ones outlined above. To discuss your risks and insurance requirements speak to me Rami Fahmy today. General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.
Advisr does not provide advice and does not hold a financial service license (AFSL). All information above has been provided by Rami Fahmy.