Other food manufacturing insurance to consider
There are a couple of stand-alone insurances your business should have as part of your food insurance cover. These include:
What happens if a refrigerated lorry breaks down and your product is ruined en-route to your customer? Or if one of your fridges or freezers on your premises stops working? Not only will you have to throw the whole lot away, you’re likely to have some annoyed customers too!
Your stock is an asset, and a valuable one at that. So make sure your food liability insurance includes stock which is now not fit for sale so you don’t lose out financially.
Food manufacturers public liability insurance
Public liability insurance is really important for most food and drink businesses, as your work is likely to bring you into contact with members of the public. If a customer or client makes a compensation claim against you for something such as food poisoning or injury, your food manufacturers liability insurance can pay legal fees and compensation costs. Compensation amounts can take into account medical fees, lost income and repair and replacement costs which can really mount up.
Other liability insurance for food business
If your food or beverage business employs any staff, employers’ liability insurance is usually a legal requirement. It covers compensation claims made by your staff for injury, illness or damage caused whist they’re working for you. Don’t forget, an ’employee’ doesn’t necessarily have to actually be on your payroll – even if they’re volunteering or working casually or as a subcontractor, they’re still working for you. You will also need to consider buildings insurance if you’re responsible for insuring your business premises as well business interruption insurance should you suffer a disaster such as a fire or flood.