Industries

Food Services

Food Processing

Food and beverage preparation, processing and distribution provide a unique set of circumstances for those operating within this sector.

The PACE team provide industry best practice Insurance cover that will ensure all business clients operating in this sector are properly and adequately protected against loss and interruption.

Food and beverage manufacturers generally operate from purpose built premises. For example Bottling plants, Bakeries, Smallgoods and pre-prepared meals all have unique equipment, space and waste disposal requirements.

It is not a simple matter of relocating to another building in the event of major loss. Relocation may take some time and a variety of factors must be considered.

These include:

• Local Council approval
• Labor availability
• EPA regulations
• Lead time on replacement equipment (often specialised and made off shore)
• Competitive demand for replacement

These are all factors to be considered in assessing and covering potential losses.

The Food and Beverage Industry’s liability exposures can include:

• Foreign objects in food
• Food poisoning
• Allergic reactions
• Improper adequate labeling

Product Recall coverage is a sensible and required option.

The PACE Insurance team recommend the following coverage:

• Product Liability
• Product Recall
• Product Guarantee
• Extortion
• Kidnap and Ransom

The team will develop a policy package that includes:

• Workers Compensation package designed for the food service industry
• Transit, product recall and selling price valuation coverage
• Business interruption and consequential loss coverage