Serving Food Alternatives and Vegan Food Insurance
Vegan restaurants and manufacturing facilities were developed to show the general public that meat, dairy, and egg alternatives can be delicious as well as fun. Serving up vegan dishes is an effective way of demonstrating that choosing animal-free meals is not about giving up the foods we have become so fond of over the years and love, but simply a process where we are now redefining the ingredients we choose to utilize.
If you own or operate a vegan establishment you need to consider the liability risks inherent in any company, such as slips and falls to parties other than employees, along with third-party property damage that could easily result in a lawsuit. As a vegan food entrepreneur, you will also have additional liability risks that may involve product recalls. You need to have vegan food insurance to address these concerns.
For example, something as simple as a labeling error may result in some products being recalled. They might mistakenly contain an item unsuitable for vegans, and this obviously affects the integrity of the product since it is something other than as advertized. Other product recalls may involve foods that contain undeclared soy and nut allergens. These are real concerns since they represent something other than what is considered suitable for vegan ingestion.
Analyzing your property exposures
Any exposures existing on the property you own or lease is a critical factor as well. As a vegan food manufacturer, its likely that you have a significant investment in the building you occupy, as well as the equipment you own or lease that can be damaged as a result of a fire or other type of catastrophic event. First, there is the very real cost of getting the property back to being functional, with the equipment fully operational, and there is also any business interruption exposure that you may experience, and that can be significant.
There is a reason why you ventured into a business that serves the vegan lifestyle, as opposed to a conventional food production facility. Regardless, vegan food production facilities require comprehensive coverage just like any other business. The diverse exposures faced by plant-based manufacturers demand an expert with knowledge about vegan food insurance. Speak to a reputable agent about any questions or concerns you may have.