11 February 2021

Industry report: Managing the rising costs of building and property insurance for the food and beverage industry

 

The food and beverage production industry is Australia’s largest manufacturing group. Protecting these assets is fundamental to ensuring a productive and profitable future.

Access our report, Managing the rising costs of building and property insurance for the food and beverage industry, and gain detailed information on property risks and insurance considerations, including

    1. fire safety2797 - Food production ISR Mockup - w DL icon
      manage Expanded Polystyrene Insulation (EPS) fire risks to optimise insurance outcomes in obtaining cover, premium cost and claims

    1. risk management strategy
      an independent risk appraisal can be instrumental for risk management planning
    1. working with a broker
      allow time to continually review and update the property business risk profile.

 

Some of the key areas covered in the report include

  • meeting increased risk management requirements
  • implementing additional risk mitigation processes
  • cover to meet your needs
  • negotiating reduced market capacity
  • managing the total cost of risk of premiums, deductibles and self-insured retentions.

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Our food production risk and insurance experts can deliver solutions

As the only food production insurance specialism in Australia our team has the expertise to work with your business to understand, advise and develop optimal risk management and renewal strategies.

Gaining optimal risk solutions for clients in hard market conditions requires the combined expertise and capability Gallagher provides through

  • a partnership approach between the organisation, Gallagher brokers and the insurers
  • detailed risk management information
  • global expertise in accessing insurance markets in order to offset local market constraints.

We work to explore all the options available to your business, discuss a range of pricing and funding options and ensure that you are appropriately protected against all insurable risks.

Connect with an expert

 

Further reading

Gallagher Food and Beverage production expertise

Insurance market update: food production challenges from farm to table

Industry report: 5 food production risks to address for business resilience

 


Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general information purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient’s industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers’ control.

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