Specialty
Recalls and Public Health Alerts
The U.S. Department of Food & Agriculture Food Safety and Inspection Service protects the public’s health by ensuring the safety of meat, poultry and egg products. FSIS is part of a science-based national system to ensure food safety and food defense. FSIS ensures food safety through the authorities of the Federal Meat Inspection Act, the Poultry Products Inspection…
Read MoreDon’t let a costly product recall damage your business and your brand
According to the FDA, nearly 30 product recalls occur every week in the U.S. on average. Recalling, replacing or destroying a consumer product can incur substantial long-term reputational and financial costs for your business. Not only that, news of a product recall spreads like wildfire on social media, so having a product recall policy with…
Read MoreProduct Liability, Recall & Contamination Insurance
Product liability If your company designs, manufactures, distributes or sells a physical product—anything from toys to building supplies to macaroni and cheese—you’ll want to strongly consider purchasing product liability coverage. This coverage helps provide financial protection in the event that the use of your product results in property damage, personal injury or death. Product liability…
Read MoreProtecting Your Business Against Contingent Business Interruption and Supply Chain Disruption
In today’s global marketplace, more and more businesses rely on overseas suppliers. If your company’s operations depend on the timely delivery of raw materials, parts or finished products from distant locations, then your business could be hurt when these goods are delayed or fail to arrive altogether. Furthermore, a significant downturn in supply often results…
Read MoreBuilders Risk & Installation Floaters – The Basics
During the course of construction, Builders Risk policies cover buildings and other structures and personal property exposed to direct property loss. Damage can come from obvious perils such as fire wind, flood, etc. It can also come from faulty workmanship or design error. Your Builders Risk policy should include all fixtures, materials, machinery, and equipment…
Read MoreWhat Is Excluded Or Covered?
Excluded Property Property excluded under builders risk policies and installation floaters vary from one insurer to another. The following properties may be excluded: trees, shrubs, grass, plants, or land values; plans, drawings, designs, blueprints, or specifications; property in storage, unless it has been specifically assigned to the job site; machinery, tools, equipment, and property of…
Read MoreThe Importance of an Ocean Cargo & Stock Throughput Policy
While the saga of the 1,300-feet long Ever Given container ship that was blocking the Suez Canal for over a week is now over, more than 360 ships were delayed and the potential value of total goods held up as high as $9.6 billion. During this event, many vessels decided to avoid taking any chances…
Read MoreThe Steep Rise in Global Seaborne Trade
Container shipping – statistics & facts Maritime shipping is the backbone of world trade; it is estimated that some 80 percent of all goods are carried by sea. In terms of value, global maritime container trade is estimated to account for around 60 percent of all seaborne trade, which was valued at around 14 trillion…
Read MoreOcean Cargo & Stock Throughput
Protect your product on its long journey to reach its destination. Stock Throughput Policies (STP) are designed for companies that import, distribute, or export merchandise. A STP is a form of marine coverage that insures a company’s goods throughout the supply chain, from production to final destination. From raw materials to works-in-progress to finished goods,…
Read MoreSocial Host Liability
Be a Responsible Host When It Comes to Serving Alcohol at Parties Whether you’re hosting a Super Bowl party for 50 or greeting the New Year with a few friends, if you’re planning to serve alcohol at your home take steps to limit your liquor liability and make sure you have the proper insurance. Social…
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