Food and Drink Manufacturing Insurance

What is food and drink manufacturing insurance?

We understand that the food and drink industry is made up of a wide variety of businesses and organisations, from independent bakeries, to global manufacturers and wholesale production suppliers.

Your risks are far ranging and vary in complexity. Our expert knowledge, track record and experience enable us to provide tailored insurance advice based your individual needs and requirements whilst addressing future risks you may face.

Risk profiling underpins food and drink insurance considerations

Understanding the risk profile of a business will define the portfolio of insurances that should be considered. This is the primary function of your broker and is refreshed each renewal cycle by our team of food and drink experts.

Whatever your business, PIB’s in-depth knowledge of food and drink risks will guide you through the appropriate insurance considerations.

The diversity of risk profiles, even within narrow sectors of the industry, will require a tailored solution. For instance, two ice cream manufacturers will have different insurance considerations should they supply different customer sectors, use their own cold store or third-party storage locations, or source ingredients from different parts of the world.   

Business resilience

The recent pandemic has tested the resilience of businesses. The lessons learned from such an interruption should inform resilience planning on both internal and external risk factors. We work with our food and drink clients to both enhance their resilience and articulate their plan to the insurance market to assist in sourcing competitive risk transfer solutions.

Significant capital exposure exists within business interruption policies. Deploying PIB’s in-house Risk Engineers to support our clients creates insurer confidence, additional capacity and competition.

PIB’s approach to food and drink insurance

The challenges in this sector require knowledgeable risk specialists and investment of time from our clients, to ensure the insurance market truly understands the positive features of our risk profiling.

PIB supports clients with insurance solutions that assists risk mitigation, health & safety compliance, supply chain resilience, reputation protection and threats from cyber criminals. We constantly evaluate the changing landscape and work collaboratively with key stakeholders to enhance our solutions to these changing needs.

Find the right food and drink manufacturing insurance

Our dedicated, national team comprises of highly knowledgeable specialists, with an in-depth knowledge of the food and drink manufacturing sector and working with clients on a daily basis to provide innovative and effective food and drink insurance solutions.

We pride ourselves on having a full understanding of your needs and working with you as your business grows and your risk profile changes, to develop food production insurance, food processing insurance or beverage manufacturing insurance solutions aligned to your specific needs.

To discuss your requirements and ensure your food or drink manufacturing business is appropriately insured, please contact us.