Insurance for food companies driving the global economy
From the field to the table, when you are in the food industry, insurance is one key ingredient that cannot be overlooked. Food manufacturing companies face a unique and complex set of risks with high competition, low margins, numerous regulations, and consumers who are ever more aware of food safety issues and concerned about the environment. Chubb understands the industry and is well positioned to proactively help food companies navigate and thrive in this challenging environment.
Chubb's food insurance industry practice offers protection to companies of all sizes
Property insurance with equipment breakdown
Industry-specific coverage that can be purchased packaged or monoline for losses caused by equipment breakdowns, with a focus on getting your company back to business as soon as possible.
A recall event can be debilitating to a company's balance sheet; product recall covrage can reimburse you for expenses and other financial losses that are typically excluded on a general liability policy.
U.S.-based companies with global operations want their insurance programs to be consistent across their sites and operations. Chubb’s tailored multinational coverage can help smooth that process.
Coverage can be purchased packaged or monoline and include a blend of traditional insurance and alternative risk financing mechanisms to help manage your company’s liability risk.
Protect your property investments and your bottom line with our broad-based coverage for environmental threats ranging from construction project pollution to storage tank issues to mold exposures.
Our robust, feature-rich policies offer insurance protection over and above your underlying policy limits and coverage options for your organization’s unique exposures.
In addition to coverage for large, multinational companies, Chubb covers small and midsize businesses with three package policy options — Business Owners Policy (BOP), Benchmarq, and Customarq. Each combines property, business income, and general liability insurance, and can be tailored for your specific exposures.
Protect your small business with this customizable insurance package policy. It offers a combination of property, business income, crime, employment practices liability, cyber, and general liability coverages, as well as the ability to add supporting insurance solutions specifically tailored to your small business needs.
Designed to be scalable for small to midsize businesses, Benchmarq is a flexible, customizable package including property, business income, and general liability insurance. Featuring enhanced base coverages that are broader than the industry standard, Benchmarq makes it easy to add protections as your business grows or risks evolve.
Our proprietary package product offers midsize businesses property, business income, and general liability insurance with a wealth of options to suit your needs. Customarq’s modular approach provides unmatched flexibility to protect against global exposures and industry-specific perils, and to quickly respond to emerging and evolving risks.
A third-party trucker was at an insured fruit canning facility picking up a load. He was trying to tie down his cargo while the forklift drivers were still loading. While securing, the conveyor bumped into the platform, knocking it over and onto the driver causing injuries. The driver submitted a demand for damages.
Chubb provided a defense for the insured and helped to successfully resolve the claim.
Chubb settles parmesan cheese spoilage claim
An insured manufactured packets of parmesan cheese that went into salad kits. A metal burr on the slide of the sealing equipment perforated some packets causing the cheese to spoil. The packets, which then contained mold, were shipped to the insured’s customer.
Chubb responded to the incident and settled the claim.
Additional Services
Additional Services
Chubb Risk Engineering
Increasing globalization, new business models, changing technology, an evolving risk management approach — as you face these challenges, Chubb can craft risk engineering solutions to address your specific risks. Our in-house network of more than 400 risk engineers around the globe helps companies anticipate and minimize costly exposures.
Risk management procedures to respond to the complex insurance needs of the Food Manufacturing industry
Whether your business takes you around the world or just around town, Chubb is there for you. Our breadth of experience lets us provide the insurance solutions you need, whenever you need it, wherever you may be.
Partnership that’s personal
We work to understand your business and where you’re headed so we can be proactive about meeting your needs. Whether your business is big or small, we invest in getting to know you, your team, and your customers. The goal: to help you see ahead, be ahead, and stay ahead.
Creative problem-solving
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always striving to help clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to helping solve your risk challenges.
Expertise and financial strength
Chubb has served clients and partnered with leading organizations for more than 200 years. Our longevity, expertise, and financial strength are the bedrock of our business. That’s why 95% of Fortune 1000 companies are Chubb insured.
Food manufacturers face a unique and complex set of risks with high competition, low margins, numerous regulations, and consumers who are ever more aware of food safety issues and concerned about the environment.
