Firefighters battled a second blaze at 2 Sisters’ Fox’s Biscuits factory in Uttoxeter, Staffordshire last week (December 15), less than two weeks after attending a fire at the premises.
Food and drink manufacturers should be taking proactive measures to reduce their workplace fire risk, following the publication of 14 new core requirements by the Fire Protection Association (FPA), an insurance broker has warned.
As food recalls become an ever-growing concern for food and drink manufacturers, we asked risk management firm Arthur J Gallagher for five tips to avoid recalls than could cost millions of pounds and untold reputational damage.
Food and drink manufacturers will need to disclose more information that could have a material impact on their insurance policies or risk them not paying out in the event of a claim, under the new Insurance Act that comes into force on August 12 this...
Senior management accountability and the avoidance of ‘data dumping’ are just two of a range of new duties faced by food manufacturers when a new Insurance Act comes into force this August, a leading provider has warned.
Food and drink business leaders were more outward-looking at this year’s Business Leaders’ Forum (BLF) ahead of a “positive” year in the food industry, despite various challenges it faces.
Business interruption (BI) remains the biggest threat facing companies in 2016, with cyber-attacks, geo-political instability and technology failure new potential drivers of losses, according to the latest findings from insurance company Allianz.
A credit insurance expert has told FoodManufacture.co.uk that he believes Longbenton Foods’ recent collapse could be the first of many in the sector, given a possible interest rate increase on the horizon and raw material and fuel price hikes.
Many food manufacturers are surprisingly vulnerable in the event of a crisis because they lack appropriate insurance cover, according to a forensic accountant specialising in business interruption cases.
New figures reveal trade credit insurance claims have dropped from a peak in early 2009, although accessing insurance is still difficult and expensive, according to food manufacturers.
Insurance broker Aon Trade Credit has launched a service to help small and medium sized food manufacturers to secure credit insurance, as the risk of...
The Food and Drink Federation (FDF) is in talks with the Confederation of British Industry (CBI) over concerns that insurance companies are suddenly...
