Food safety is always a factor of priority to consumer and also a factor to be controlled by laws and regulations of all nations. Food poisioning and foreign object inside food and beverage always attract the attention of internet users and spread fastes in the age of media and communication developed today. The incident, if any, may put a company or group into bankruptcy or business difficulties in a curtained period.
As statistics, the risks of legal actions by consumers, financial risks, machinery breakdown, copyright, cyber attact are increasing in this sector of industry. Expert in risk management of the food and beverage recommend companies operated in this sector to establish a risk management plan to protect business operation, the plan may include:
- Using software to manage database that is easier in tracking information about the product from production to distribution to find out the point of failure in case of incident
- Indentify the trend of global food and demand
- Enhacing copyright protection
- Ensure a suitable insurance program for the risks of orgnization, for example property damage, machinery breakdown, personal and health, food deterioration, cyber risk and business interruption.
As a professional insurance broker, we support orgnizations for a comprehensive solution for all business risks, coordination with organizations in imprementing the insurance program towarding the joint target – development, safety, and efficiency.