Food product entrepreneurs need to beware of the potential risks they face when partnering with co-manufacturers, co-packers and toll processors. One-third of food manufacturers don’t own their own plants. According to Melissa Facchina, CEO and founder of SIDDHI Operations, a Brooklyn, N.Y.-based firm that provides operational and capital backing to...
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When it comes to hard market conditions, the key topic to look at is capacity. If you're in the Food & Beverage business, you understand supply and demand. The same principles apply. It's only natural that underwriters grow cautious when market capacity is in shorter supply. Accordingly, they begin to...
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Cold storage has become a hot topic during the pandemic as vaccine manufacturers address the logistics of storing and shipping frozen vials to points of vaccination, but the food industry has long been concerned with the integrity of the “cold chain”. Because of their cold storage needs, all types of...
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By Michael Pearl -- Cannabis-related businesses share many of the same exposures as agricultural, food & beverage and pharmaceutical manufacturers. They all require workers’ compensation, general liability and property insurance. However, only a handful of insurers have an appetite for cannabis-related business risks. Limits are often lower than many businesses...
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Your current commercial insurance broker might have been the right choice a few years ago when the insurance market was soft, but 2020 is a different story. We’ve entered a hard insurance market, and rate hikes and coverage restrictions are expected to continue across most lines. But, with good advice...
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Michael Lieberman, senior vice president at Foa & Son and Food & Beverage Industry practice leader, has been named one of Insurance Journal's Agents of the Year. The 20 agents in this report define what it means to be a successful independent agent today. These agents were chosen because they...
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