Does My Business Have Spoilage Coverage?

If you own a businesses that offers perishable products to your customers, then you have a special risk that other businesses don’t have to worry about. I’m talking about product spoilage risks. Spoilage coverage is designed to insure any business that stores, processes, or
sells perishable items including, but not only food — which must be
maintained under proper conditions in order to avoid damage.

Restaurants are the most stereotypical example of businesses that would be subject to spoilage risks, but there are actually many other businesses that need to be protected from spoilage with spoilage coverage insurance. Businesses such as:

  • Florists
  • Mobile food cart owners
  • Pharmacies
  • Cigar Stores
  • Bakeries
  • Coffee Shops
  • Ice Cream Shops
  • Tropical Fish Stores (Yes fish)
  • Convenience Stores
  • Deli Shops
  • And many more

If your business losses power for an extended period of time, your perishable stock may end up being unusable, either through spoilage or death ( flowers,plants, fish). Knowing that spoilage coverage extends beyond food-based risks to other types of perishable stock this type of insurance could in fact save your business from a huge loss.

So if you own a restaurant, deli, or other business that serves perishable products where spoilage could occur, you should talk to your agent about spoilage coverage. The cost of replacing your food, produce, or product and even your lost income could be covered by a spoilage coverage insurance policy!