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14 May Serving Up Specialty Liability Insurance to Protect the Food Industry
Liability Insurance for the Food Industry
It may seem uncomfortable yet benevolent, but food poisoning could have very deadly outcomes. The CDC estimates that roughly 1 in 6 Americans gets sick, 128,000 are hospitalized, and 3,000 die of foodborne diseases.* Food poisoning — or foodborne illness — could also have costly outcomes.
“A 2015 study by Robert Scharff, an associate professor at Ohio State University, estimates the annual cost of medical treatment, lost productivity, and illness-related mortality at $55.5 billion.”** What about the cost to the business serving up the food?
In each state, regulatory measures are in place regarding the preparation, handling, shipping, and serving of food products. But these measures aren’t always enough. If an individual gets foodborne illness, they may sue — and win — if they can prove the food they ate was contaminated, and the contamination made them sick. If large groups got sick from the food, you can have a class action suit on your hands.
In fact, many different parties may be liable, because food passes through many hands. That includes restaurant employees and personnel (servers, waiters, and cooks), food distributors, shippers of food products, suppliers of ingredients for foods, and even restaurant public health inspectors.
Evolution Insurance Brokers (EIB)
What can you do to protect your business and your employees? Insure your business with specialty liability insurance from Evolution Insurance Brokers (EIB). Since 1992, EIB has been a preferred provider of specialty liability insurance coverage. What makes EIB a real standout is our partnership approach. As a full-service excess and surplus lines brokerage, we offer flexible underwriting, risk management expertise, and outstanding claims results for difficult risks, with consideration for good risk management practices.
To learn how EIB can protect your business against costly outcomes, contact us today.