Helping you protect your business
Our food and drink clients encompass a huge variety of businesses, organisations and niche providers – and face an equally diverse set of risks.
As you work hard to build and strengthen your business, it’s vital that you protect it with insurance cover that's specifically designed to address your individual and complex risks.
Supporting you in a challenging risk landscape
We know that you continue to operate in an environment of increasing pressure, scrutiny and risk. Placing those risks in the insurance market is likewise becoming increasingly challenging.
We understand the uncertainties you are facing every day – and our dedicated food & drink practice team is ready to guide and support you through the changing landscape.
We work closely with each client, taking the time to understand your business and address your unique risk profile. By combining this highly personal approach with our deep market knowledge and experience, we’re able to deliver a bespoke insurance programme that will safeguard your business in unpredictable times.
Building resilience for your business
From helping to protect your supply chains to de-risking your factories and shop floors, we design our contractual reviews to help you and your business stay resilient in the face of product recalls, data breaches or disruption.
We look after your specific requirements as they evolve, working proactively to apply the depth and breadth of our expertise to your advantage.
Our dedicated food and drink practice features four critical areas of specialism:
Product recall expertise
Our team of dedicated Product Recall brokers are skilled in placement of Product Recall, Contaminated Products (CPI), Trade Name Restoration and Reputation Risk protection. Our team is unique in being both client and market facing, allowing them to build solutions around their in-depth understanding of our clients’ specific needs.
Food & drink manufacturing risks are becoming increasingly difficult to place in the market – with fire safety systems and exposure to composite panels of particular concern for insurers. We make sure that we maintain close relationships with insurer partners who we know will work with hazardous trades.
Marine cargo team
Our Marine cargo team has extensive knowledge and expertise in the food and beverage industry. This includes the creation of a valuable niche product for ‘protein producers’ which covers the insured against loss of the asset as well as loss of revenue.
When it happens to you, it happens to us
It’s often said that you learn the true value of your insurance programme when you make a claim. We have worked with our food and drink clients across retail and wholesale, to help them recover over $1billion of losses. We nurture close working relationships with our clients and organise regular claims workshops to explore how a policy works and ways to prepare for a BI claim. This proactive advice reflects our personal approach and family ethos – if a claim arises, our clients know we’re in it together.
A consultative approach to contract review
Because of our reputation for client advocacy and attention to detail, we’re frequently asked to provide comment on our clients’ existing contracts. By examining the terms, we make sure that you’re able to take full advantage of coverage you have in place for trigger events.
We are also able to draw on the following specialist capabilities across Lockton:
- Cyber – specialist manufacturing product
- Employee benefits.
Whatever the scale of your business, you need specialist cover that will minimise your risk. By choosing Lockton as your broker, you will have the reassurance and peace of mind that comes with a strong and established partner.