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Consumers today are more aware of food security, safety and quality, and are demanding more information about how their food is processed. More than ever, consumers want to know that their food is safe and that it has been produced in an environmentally responsible manner.
Our commitment takes us from the primary producer right through the processors to the wholesalers and distributors. We recognize the importance of the direct and indirect risks that your company faces.
At the primary production level we are keenly aware of the challenges that climate, disease and weather risks can bring to bear on profitability.
We are proud of the fact that we work closely with a number of commodity groups in the agriculture sector, which keeps us aware of trends in the industry, and dynamics likely to have significant impacts in the future.
At the processing stage we recognize the huge importance of product integrity. Product contamination can have drastic consequences, both in terms of direct costs and indirect costs, if not handled correctly. Product recall insurance can cover some or all of the costs in a product withdrawal situation.
We would also be delighted to discuss Standard Coverages, including Contingent Business Interruption coverage to cover off situations that are outside your control but which could have a direct impact on your business.
HUB's resources are closely aligned with the industries in which we specialize. Trade Credit and Accounts Receivable insurance are in high demand in this sector. Trade Credit is attractive to people in this industry because of the fact that it gives peace of mind, it can deliver banking efficiencies and it can be an aid to sales. The value gets even greater for businesses operating in the areas where the margin rate is lower than average.
Our Mergers and Acquisitions services are attractive to the food and beverage segment because of the amount of consolidation in the industry. This pattern is likely to continue well into the future.
We would be delighted to discuss our approach to risk management and insurance solutions in this key business arena with you at your convenience.
Contact a HUB Specialist today.