Food and Beverage

— INDUSTRIES

Food and Beverage

Specialist risk and insurance advice for your food and beverage business

Protecting your business in a fast-moving industry

The food and drink sector is a dynamic and often complex environment for businesses to operate in.

Amid increasing regulatory scrutiny, rapidly evolving customer preferences, commodity fluctuations, the impacts of climate change and constant technological advances, businesses face a myriad of diverse risks.

Our dedicated food and beverage team understands the uncertain landscape you operate in, through partnerships with industry research organisations and specialist consultants and advisers, we ensure that our proposition, thought leadership and solutions remain relevant and market leading. Leveraging decades of industry experience, we’ll deliver a bespoke insurance programme that safeguards your business, even in the most unpredictable times.

From helping to protect your supply chains to de-risking your manufacturing operations, we design your insurance programme and support your risk management objectives, to help you and your business stay resilient in the face of an ever-evolving risk landscape.

We look after your specific requirements as your business adapts and expands, working proactively to apply the depth and breadth of our expertise to your advantage.

Taking a long-term approach to your needs, we’ll support your strategy and help you maximise new opportunities to meet your performance goals.

Food and Beverage FAQs

Do I need Public Liability Insurance?

Public liability insurance is essential for a food and beverage business in Australia because it protects your business against claims of injury or property damage caused to customers, suppliers, or members of the public. Whether it’s a customer slipping on a wet floor, suffering an allergic reaction, or being injured by faulty equipment, these incidents can result in costly legal action and compensation payouts. Public liability insurance provides financial protection and peace of mind, allowing the business to operate confidently.

How beneficial is Product Recall Insurance?

The reality is that despite the implementation of tight control and precautions, errors do occur. Product recall insurance can provide significant coverage to cover the costs of the recall itself. Still, it can also extend to help address business interruptions (loss of income) and resultant reputational damage. Many policies also provide up-front risk management support to assist with preventive risk management and mitigation measures.

Should I consider Business Interruption Insurance?

Business interruption insurance is a vital safeguard for food and beverage organisations in Australia, offering financial protection against income loss due to unforeseen disruptions such as fires, natural disasters, or supply chain failures.