Canned fruit and vegetable manufacturers purchase fruit and vegetables from suppliers, and combine them with other ingredients to manufacture a wide variety of food products including canned juices and soups, canned fruit and vegetables, ketchup and other sauces, jams, jellies, and more.
Getting the fresh fruit and veggies from suppliers, processing them through the manufacturing plant, and producing your final product involves a variety of complex and expensive manufacturing equipment. Processes, recipes, and packaging must be carried out to exacting standards, ensuring a tasty, high-quality product that, above all, is safe to consume.
Along with typical manufacturing concerns (fires, injuries, and property loss), canned fruit and vegetable manufacturers face risks like spoilage, contamination, tampering, and foodborne illnesses that can harm to—and even kill—consumers.
Canned fruit and vegetable manufacturing insurance can help you address these concerns and protect your assets when something goes wrong.
Canned fruit and vegetable manufacturers face all kinds of risks in their day-to-day operations. Imagine the impact of spoilage, supply shortages, equipment breakdowns, and recalls on your ability to operate, earn revenue, and pay your bills. And if something like a tornado or fire destroyed your plant, how would you rebuild and continue to operate?
Every canned fruit and vegetable manufacturer needs insurance policies that are tailored to their unique needs and risks. You need a variety of business insurance policies that protect:
You also need protection from the costs of lawsuits if someone sues you, and the excessive costs if you experience a product recall.
Food manufacturers can be sued if someone is injured on their premises or as a result of their operations. If a consumer becomes ill—or worse—because of your product, you will likely have to deal with a lawsuit and the costs of a long and damaging product recall.
Product recalls are a major source of danger for food manufacturers and their vendors, suppliers, and distribution partners. In 2016, there were 764 food recalls in the US, an increase of 22% over the previous year.
While food recalls can occur for a variety of reasons, the main culprits in 2016 were undeclared allergens (mislabeling) and Listeria contamination. The canned fruit and vegetable industry is not immune. In April 2018, a canned vegetable manufacturer recalled canned spinach due to the potential presence of peanuts—a common and dangerous allergen—in the cans.
If you are forced to recall a product, the costs can be devastating. A study by the Food Marketing Institute and the Grocery Manufacturers Association estimates that the average cost of a recall for a food manufacturer is $10 million—not including ongoing lost sales and reputational damage.
Canned fruit and vegetable manufacturers need a variety of business insurance policies to protect them from numerous property and liability risks. These policies can:
Talk to an insurance agent about which of the following types of policies you need to protect your assets.
Product recalls can devastate any food manufacturer. While the immediate costs of product removal and disposal can reach into the millions of dollars, the ongoing impact on your reputation, sales, and stock price can lead to irreparable damage.
Product recall insurance can help you. It typically covers a wide range of costs related to a food recall, including:
Workers in your factories face a variety of dangers, including:
Excessive employee injuries and illnesses can be financially devastating for your business. Workers’ compensation insurance provides insurance coverage when accidents happen in the workplace. It ensures that the injured worker gets medical care and income protection while unable to work.
Workers’ compensation insurance provides benefits to injured workers regardless of who is at fault for their injury. And it will provide death benefits for a worker’s dependents if there is a fatality.
Canned fruit and vegetable manufacturers should work with an independent insurance agent who has experience helping high-risk employers find workers’ compensation coverage.
The size of your business and the types of policies you need to cover your unique risks are the biggest predictors of how much your business insurance will cost. A variety of variables that are unique to your business help determine how risky you are to insure, and consequently how costly your insurance will be.
To determine the types and amounts of coverage that you need—which determine your cost-- your insurance agent will evaluate several factors, including:
An independent agent can work with you one-on-one to determine the types and amounts of coverage you need. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice.
Our agents simplify the search process for finding the right canned fruit and vegetable manufacturing insurance. They’ll walk you through some handpicked policy options and explain the details.
Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.
Online quotes can be tempting. They are fast and easy to get—but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.
Online quotes can’t and don’t see the whole picture. They can leave out important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of.
Instead of getting an online quote, find an independent agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.