"Food For Thought" - a product first, representing a unique partnership between the market leader in food industry insurance and the CCFRA (Camden & Chorleywood Food Research Association) the largest independent membership based food and drink research centre in the world.
Designed to provide a complete risk management solution to meet the specialist needs of the food industry this product offers a new concept in managing risk and represents a truly unique proposition.
Few industries change as rapidly as the food and drink industry or are so frequently in the media spotlight over issues such as GM products or product recall for contamination reasons. Food manufacturers and processors can find themselves in an unenviable position.
Food For Thought provides flexible protection through a risk managed approach to help you improve the efficiency of your business and provides the opportunity to become a member of a preferred insurance buyer group providing benefits that will increase in value as the insurance market becomes more selective in seeking businesses with good risk management and adopts a higher premium approach to food industry risk exposures.
Benchmarking Risk Management Performance
The unique feature of Food For Thought is the initial Risk Management audit and benchmarking survey of the businesses processes and systems which scores :
- Property Risks (i.e. physical damage and business interruption exposures)
- Safety Management (i.e. exposures to employees, consumers and the general public)
- Quality Management Systems (i.e. for product contamination exposures).
The audit scoring is examined independently by the CCFRA and marked against industry best practice standards. The results of the CCFRA audit is provided to the business so that it can benchmark its own performance within the food industry. The full resources and services of the CCFRA can also be made available to the business to assist in upgrading and improving its systems and processes where areas for improvement have been identified in the Risk Management audit.
The Risk Management audit will also be significantly utilised in the underwriting of the Food For Thought product so that the resulting buyer group, irrespective of the size of each business, represents examples of best practice within the food industry and presents a preferred risk to the insurance market and benefits accordingly.
Key Areas of Insurance Protection
Food For Thought includes a package of covers offering solutions to:
- Product contamination
- Property
- Business Interruption
- Liability, Employers, Public and Products
- Workplace violence
- Directors & Officers Liability
- Cargo and Transit risks
- Pension Trustee liability
- Travel and Personal Accident.
Risk Management Services
Included in the Food For Thought insurance programme is a commitment to work with food and drink manufacturers and processors to reduce the number of accidents in the industry and can for example include hygiene and food safety inspections by the CCFRA.
Through a team of qualified health and safety experts we will take the time to understand your business and offer practical help and guidance on risk management and provide a clear and concise report outlining our findings.
The Food For Thought insurance programme will provide support and guidance that will help businesses control and prevent the underlying risks that exist and continue to develop within the food and drink industry.
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