Food & Beverage

We offer a dedicated solution for managing risks related to production, processing, and distribution within the food and beverage value chain. Our clients include a wide range of businesses, both privately and multinationally owned, spanning every sector of the food system — from raw material suppliers, through food processors, to wholesale distributors and retailers, including restaurants. We provide comprehensive risk management, both in agriculture and in food processing and distribution. We help you reduce costs, identify and address traditional and non-traditional risks, ensure quality, and protect your assets.

Supply chain disruption; pandemic; domestic and foreign terrorism; commodity price risk; genetically modified food; the impacts of climate change; accidental and malicious contamination; damage to your own brand and reputational risk; loss of revenue due to volume risk; environmental pollution; government and regulatory change; and sustainability.

We assess exposure to risks that are typically not covered by traditional insurance, evaluate solutions that protect critical assets, and develop and implement comprehensive risk management strategies. We design solutions to control financial volatility and help you prepare for unexpected situations.

Specific products and insurances applicable to the sector: property and business interruption insurance; liability insurance (including product liability); transport risk insurance; motor fleet insurance; directors' and officers' (D&O) liability insurance; construction and erection insurance; travel insurance; trade credit and other financial risk insurance; cyber insurance; and claims management.

We monitor risk trends in the food and beverage sector and recognise that today the greatest threats to business are commodity price risk and material shortages, business interruption, supply and distribution chain disruption, cyber attacks and data breaches, climate change and natural catastrophes, economic slowdown, reputational and brand damage, and regulatory and legislative change. In the coming years, cyber risk and climate change are expected to grow further in importance. For each of these risks we analyse your exposure and arrange appropriate cover, while through our partnership with AON for BiH we also provide clients with access to the international insurance and reinsurance markets for risks that exceed the capacity of the domestic market.

We recommend product recall and product liability insurance, product contamination insurance (where the trigger does not require an actual recall, unlike conventional recall cover), supply chain risk management, parametric insurance (for weather-related disruption and weather-sensitive shipments), captive insurance for uninsured exposures, and climate advisory and risk financing analytics.

The three greatest risks in the sector are product recall, supply chain disruption, and cyber risk. Product contamination can cause food poisoning with catastrophic outcomes, including loss of life. Specialist recall cover typically addresses losses that a general liability policy does not cover: business interruption, the costs of recalling and destroying affected products, and recall response costs. Recommended products: product recall insurance, errors & omissions insurance, supply chain insurance, and business interruption insurance — as protection against the consequences of a recall, disputes over declarations and labelling, and supply interruption.

We prepare an insurance programme tailored to the risks of your industry.