The risk landscape for the food and drink industry is constantly transforming. Regulatory scrutiny is increasing, customer preferences are rapidly changing, and technology advances are continually advancing, making food and drink businesses susceptible to a variety of diverse risks.
Product recall, food borne illnesses and supply chain disruptions are just some of the risks associated with the industry, so it’s imperative that businesses have a risk management programme and strategy to protect themselves.
The Lockton Ireland team support client's to build a risk management programme bespoke to their business, utilising expertise in the sector and relationships with reputable insurers to create a comprehensive strategy which protects businesses into the future.
What we bring to your business
Our services
Product recall
Employers Liability
Public Liability
Cyber
Directors’ and officers’ liability
Terrorism
Property damage and business interruption
Motor
Crime
Employee benefits
Food and Drink FAQs
What is Food and Drink business insurance?
Food and drink insurance is cover for establishments within the sector to protect both themselves and their customers in the event of an incident or loss. For example, if your food and drink stock is damaged in an accident in transit, or if a customer falls ill from food you sold after being incorrectly advertised or labelled.
What does Food and Drink insurance cover?
Food and drink insurance can be broken down into several different insurance lines which protect different aspects of your business, such as:
Product recall
Cyber – specialist manufacturing product
Directors’ and officers’ liability
Terrorism
Property damage and business interruption
Motor
Crime
Travel
Parametrics
Employee benefits
Why should I consider purchasing Food and Drink insurance?
Businesses in the food and drink industry need insurance and risk management strategies in place to protect themselves against a variety of risks that may result in financial losses.
What is typically covered by Business Interruption (BI) cover?
Businesses in the food and beverage sector need business interruption insurance to protect against losses caused by covered incidents. For example, if your takeaway premises was subject to a fire and had to close throughout the duration it was being restored, BI insurance would cover this.
