Prepared sauce manufacturers purchase fruits, vegetables, and other ingredients from suppliers, and combine them to manufacture a wide variety of food products, such as:
Prepared sauce manufacturing involves a variety of complex and expensive manufacturing equipment, as well as processing and packaging activities that must be carried out to exacting standards. Prepared sauce manufacturers work diligently to ensure that they are producing a delicious product that is safe to consume.
When something goes wrong, like a fire, property loss, or spoilage, prepared sauce manufacturing insurance can help you make repairs and remain financially viable. Find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.
Prepared sauce manufacturers—and all food processing companies—face a variety of typical risks, like employee injuries, vehicle accidents, property damage, and liability claims and lawsuits. What’s more, they face unique risks related to food safety and product recalls.
Spoilage, supply shortages, equipment breakdowns, and recalls can have a devastating impact on your ability to operate, earn revenue, and pay for ongoing expenses. And if something like a fire or a severe storm destroyed your plant, would you be able to rebuild?
In order to survive when the worst happens, prepared sauce manufacturers need tailored insurance policies that cover both the more common and unique risks that you face. Your prepared sauce manufacturing insurance should help you protect your commercial property, your customers, and your employees from all that can go wrong.
What’s more, you need coverage for liability claims and lawsuits if someone sues you, as well as the excessive costs that are inevitable if you must recall a product from the market.
Prepared sauce manufacturers need a variety of business insurance policies to protect them from numerous property and liability risks. These policies can:
Commercial property insurance helps you pay for repairs and replacement of buildings and equipment when your commercial property is damaged by fire, weather, smoke, break-ins, or vandalism. Certain types of property insurance also help you with lost income and ongoing expenses if you must temporarily close while you make repairs.
Liability claims arise when someone is harmed as a result of coming into contact with your business, your products, or your employees. You can be required to pay for damages (medical bills, repairs to damaged property, etc.), and you may even be sued and required to pay a settlement or judgment.
Even if the claims against you are unfounded, you have to defend yourself. Any kind of legal defense is expensive. Your commercial liability insurance is there to help.
Product recalls are a major source of danger for food manufacturers, as well as their vendors, suppliers, and distribution partners. In 2016, there were 764 food recalls in the U.S., an increase of 22% over the previous year.
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.
Product recall insurance can help you. It typically covers a wide range of costs related to a food recall, including:
Food processing workers are susceptible to a wide range of on-the-job injuries and illnesses, including:
Workers’ compensation insurance covers costs associated with work-related injuries and illnesses. It pays for medical care and lost income for an injured worker while they are unable to work. Workers’ compensation insurance also helps protect employers from lawsuits by injured employees.
Each state has workers’ compensation insurance laws. Most states require nearly every business that has employees to provide this coverage.
Your agent should be able to educate you about your state’s workers’ compensation requirements, and help you find adequate 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, 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 prepared sauce 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 insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.