Insurance for food and beverage producers
Food manufacturers, breweries, wineries, distillers and packaged goods brands sell products that people consume. When a batch goes wrong the costs run from the recall to the retailer to the customer who was harmed.
What you make, where you make it and what happens when it stops
Public & Products Liability
Products liability for everything you make, bottle, pack or import, including the claims that follow contamination, allergens and mislabelling.
Liability coverProperty Insurance
Production facilities, refrigeration, packaging lines and stock, with perishable stock covered for spoilage after a breakdown or power failure.
Property coverBusiness Interruption
The income lost while a facility is closed or a product is off sale after an insured event, with the extra cost of producing elsewhere in the meantime.
Business Interruption coverThe recall arrives before the claim does
Food and beverage losses start in the cool room and end on the supermarket shelf.
Recall
A recall costs freight, destruction, retailer credits and public notices before any liability claim arrives. Standard liability policies exclude those costs unless recall cover is added.
Spoilage
A compressor failure on a long weekend can destroy a cool room of stock. Deterioration of stock is a separate cover with its own limit, and it is often left off.
Retailer contracts
Supermarkets and distributors require liability limits, recall cover and indemnities as a condition of supply. The policy has to meet them before the first order ships.
A recall that started with one label
An illustrative example of how Ardent can make the difference in a time of need.
An allergen declaration was missed on a production run. Product had already gone to several national accounts and had to come off shelves.
Recall cover sat alongside the products liability section, with recall expenses and lost gross profit both insured. We had the insurer's recall consultant engaged the same day.
The withdrawal costs, the destroyed stock and the lost margin were covered. The accounts stayed because the recall was handled quickly.
Responds under Public & Products Liability
This is an illustrative example. Every claim is assessed by the insurer on its own facts and under the terms of the policy.
What insurers expect to see
Food and beverage covers are rated on the products, the processes and the retailers you supply. We go through them with you each year so new lines and new customers are inside the policy.
- Product recall cover with a limit that reflects the retailers you supply
- Deterioration of stock cover on every cool room and freezer
- Liability limits that meet your largest retailer's supply agreement
- Export markets declared, with the territory and jurisdiction extended to match
- Machinery breakdown on the plant that stops production
- Liquor licence conditions and excise obligations noted where you produce alcohol
Our Food & Beverage experts
QPIB · Dip. Fin. Serv. (Ins Broking) · ANZIIF (Snr Assoc) CIP
Mining, aviation, construction, retail and property
Steve has 40 years in insurance, most of it in construction and civil engineering, with underground mining, aviation, national retail and property development alongside. He is one of Ardent's founders, works from inside a client's business and keeps those relationships for the long term.
QPIB · Dip. Fin. Serv. (Ins Broking) · Dip. Integrated Risk Management · ANZIIF (Snr Assoc) CIP
Risk management and program design
Stephen co-founded Ardent and has 17 years in insurance, with clients from sole traders to multinational corporates. He works through the risks a business faces and helps decide what to avoid, reduce, retain or insure, balancing cover against cost. He has served on the committee of NIBA's NSW Mentoring Program.
Mid-market businesses and jewellers
Sophie has almost 10 years in insurance broking and is studying for her diploma in insurance broking. She looks after mid-market clients across a range of industries, with a long-standing focus on jewellers. She gets to know each business, its risk profile and its appetite for risk before advising, and keeps in touch through the year.
What a client says about Ardent
Sophie was a great help in setting up a new insurance policy for my small business. Friendly, efficient and very helpful in explaining all the finer details to ensure all went smoothly! Highly recommended - Thank you!