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Grocery
SGB Insurance Brokers have been working with Grocer wholesalers who offer the distribution of all types of fresh, frozen, pre-packaged, and canned food items, as well as other household articles, paper goods, and cleaning goods. This industry requires highly specialized coverages and SGB has the expertise and programs to provide cost-effective ways to meet the industry needs and design a plan that will offer you the protection you deserve. SGB provides carrier options from markets that have a commitment to the grocer industry, evaluates the current coverage that you have in place and make recommendations regarding marketing, covergae options, pricing, and any other prroducts that should be offered to fully protect you, our client.
Specialized Coverages Include:
Property exposure to ignition is moderate due to the coolers, generators and other equipment needed to maintain a constant temperature. Any fire can cause considerable damage from smoke, heat, water pressure and flame. Refrigeration is vital for much of the food. These are a few questions to be considered.
Inland marine exposure for goods in Transit. Are the goods subject to spoilage losses or transit damage? Does the operation do its own transportation, or does it contract the services of others? What is the condition of the refrigerated trucks and what type of backups are available?
Crime exposure is from Employee Dishonesty. All ordering and inventory control must be separated in order to maintain checks and balances.
Premises liability is limited, provided no customer pickup is permitted. If customers pick up goods, loading docks must be user-friendly and areas for pickup must be clearly marked, with customers confined to the specific areas. If farmers drop off produce, areas must be clearly marked to direct them. All other areas must be off limits.
Products exposures for this particular operation are moderate to high, because perishables are particularly vulnerable to contamination and spoilage. What sources of contamination exist? Does the operation use pesticides or insecticides to control rodents or pests?
Automobile liability comes from two different sources. First, there is the salespersons fleet. Where do they travel? Where are vehicles maintained? Is personal use permitted? Second is the vehicles that deliver. What is the radius of operations? What is the procedure for drivers who are involved in accidents or violations? Where are vehicles stored when not in use? Is there unloading? For all auto exposure, MVRs must be ordered on a regular basis, and vehicles must be maintained with documentation kept in a central location.
Workers compensation exposure comes primarily from lifting which can cause back injury, hernia, sprain, and strain. What kind of training do employees receive, and what types of material lifting or conveying devices are used within the warehouse or wholesale facility? There is also the automobile delivery hazard. What is the training of drivers? Are periodic physicals required? Are driving records reviewed periodically? Again, these are a few of the questions that need to be considered.
Minimum recommended coverage: Business Personal Property, Business Income, Accounts Receivable, Computers, Goods in Transit, Employee Dishonesty, General Liability, Employee Benefits, Umbrella, Business Automobile Liability and Physical Damage, Hired and Nonownership Auto, Workers Compensation
Other coverages to consider: Building, Leasehold Interest, Real Property Legal Liability, Money and Securities, Forgery, Computer Fraud, Employment Related Practices
For More Information:
Please contact us at grocers@sgbinsurance.com so that we may help you structure a sound risk management plan that will provide you with quality, economy and peace of mind year after yet
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