Food & Beverage

Spoilage

Can replace perishable stock, such as food or pharmaceuticals, that spoils after a refrigeration failure or power outage.

Can include cooling system failure, loss of power, equipment faults and temperature excursions

Warehouse

Typically insures stored food and drink, the building and its equipment against fire, theft and vandalism, and covers injury claims on site.

Can include buildings and stock, general liability claims and business interruption

Product liability

Generally responds to claims of injury or property damage traced to food or drink a company made, designed or distributed.

Can include injury to individuals and damage to property

Product recall

May pay to withdraw contaminated or mislabeled food and drink, from customer notices to disposal and public relations.

Can include cost of recall, business interruption, cost of replacements and crisis response

Trade credit

Can reimburse unpaid invoices when a food or beverage buyer becomes insolvent or pays well beyond agreed terms.

Can include unpaid customer invoices, buyer insolvency, prolonged default and political events

Cargo

Typically covers food and drink shipments lost, damaged or stolen in transit, and can add refrigeration breakdown by extension.

Can include transit loss or damage, all-risk or named-peril basis and cooling system breakdown

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.