Food & Beverage

The food and beverage industry refers to businesses involved in the production, processing, distribution, and sale of food and beverages. This industry is a vital part of the global economy, providing essential products and services to consumers worldwide.

Industry Details

It includes a wide range of businesses, from small independent restaurants and cafes to large multinational food corporations.  The food and beverage industry is highly competitive, with businesses vying for customers based on factors such as price, quality, and convenience. The industry is also subject to various regulations and standards aimed at ensuring food safety and protecting consumers' health.  The industry is constantly evolving, with new trends and technologies driving innovation in areas such as food production, packaging, and distribution. These changes have also led to increased consumer awareness and demand for more sustainable and environmentally friendly practices in the industry.  Overall, the food and beverage industry plays a critical role in the global economy, providing consumers with essential products while contributing to economic growth and job creation.

Insurance Types for 

Food & Beverage

As a food and beverage business, it is important to have a comprehensive insurance portfolio to protect against various risks and liabilities that may arise in the course of your operations. Some of the types of commercial insurance that a food and beverage business may need include:

General liability insurance: This covers third-party bodily injury or property damage claims resulting from the company's operations, products, or services. This is particularly important in the food and beverage industry, where there is a risk of foodborne illness, slip and fall accidents, and other hazards.

Product liability insurance: This covers claims arising from injuries or illnesses caused by the company's products, including food products and beverages.

Business interruption insurance: This provides coverage for loss of income and expenses in the event of an interruption to the company's operations due to events such as fire, natural disasters, or other covered perils.

Workers' compensation insurance: This provides benefits to employees who are injured or become ill on the job.

Commercial auto insurance: This covers liability and property damage caused by company-owned or leased vehicles used for business purposes, such as delivery trucks or catering vehicles.

The specific insurance needs of a food and beverage business may vary depending on factors such as the size of the company, the type of food and beverage being produced or distributed, and the geographic location of the operations. It is important for food and beverage businesses to consult with insurance professionals to assess their risks and ensure they have adequate coverage.

Discover Our Recommended 

Food & Beverage


Koru Korner

Related Articles


Collective Coverage: Unpacking Insurance Risk Purchasing Groups

The intricate field of insurance is often challenging for businesses to navigate. The emergence of Insurance Risk Purchasing Group (IRPG) or more commonly known as Risk Purchasing Group (RPG) offers a collaborative approach for organizations to streamline their insurance procurement processes.

Captives and Self-insurance
General Business
General Liability Insurance
Transit and Cargo Insurance
Commercial Auto Liability and Fleet Management Insurance

Recent Changes to COBRA: What Employers Need to Know

The Consolidated Omnibus Budget Reconciliation Act (COBRA) has been a fundamental piece of legislation in the United States, ensuring that employees have the option to continue their employer-sponsored health coverage after certain qualifying events. In recent times, several significant changes have been made to COBRA that impact both employers and employees. In this article, we'll explore these recent changes and discuss what employers need to know.

Employment Practices Liability Insurance
General Business

ILS: Transforming from Competitor to Strategic Partner, Elevating the Reinsurance Sector to New Heights

Artemis Update: AM Best has upgraded its outlook on the global reinsurance sector from stable to positive for the first time in over a decade, highlighting robust profit margins and improved underwriting conditions. The rating agency now views insurance-linked securities (ILS) as strategic partners rather than competitors, emphasizing their role in supporting traditional reinsurers. Despite a deceleration in reinsurance pricing, AM Best notes that underwriting discipline and healthy profit margins are expected to be maintained.


May to Break Another Cat Bond Record: Biggest Month of Issuance Ever

Exciting news in the world of finance and risk management! May is set to break records as the biggest month of catastrophe bond issuance ever. According to a recent article from Artemis, the market is experiencing unprecedented growth, highlighting the increasing demand for innovative risk transfer solutions.


2023 Habitational State of the Market – Casualty

The habitational insurance market is facing a multitude of hurdles when it comes to casualty placements. Casualty markets in the habitational space have been adjusting prices due to increased loss activity and the continued impact of social inflation. Within this landscape, property owners, insurance companies, and brokers are confronted with a new reality. There are few markets offering General Liability (GL) coverage. It’s also difficult to find markets willing to participate in the lead $5M of excess coverage, making the marketplace even more challenging. To succeed in this demanding market, one must strike a careful balance between innovation, robust risk assessment, and adaptability.

Ready to partner with Koru?

Request a Risk Assessment today!