New risks continue to emerge for companies in the food & beverage manufacturing and agribusiness sector as a result of regulatory changes and an increasingly global business environment. Issues such as food safety, contamination, supply chain risk management, bio-terrorism, extortion, security, genetically modified organisms, IT system failure and global warming can have financially devastating effects if not properly identified and addressed.
Agribusiness Risk Management
The food & beverage systems and agribusiness industries are increasingly becoming a vertically integrated process. End-to-end strategic partnerships between producers, processors and retailers are being forged to satisfy customers - in real time.
This new business model in a fast-changing industry requires risk management and insurance solutions not previously available or considered.
Aon can offer solutions for these and other agribusiness and food system-related risks:
- Food safety and security
- Supply chain disruptions
- Foreign and domestic terrorism
- Commodity price risk
- Genetically engineered food
- Effects of climate change
- Accidental and malicious contamination
- Brand equity damage and reputation risk
- Loss of revenue due to volumetric risk
- Environmental impairment
- Governmental and regulatory changes
Choose Aon for Agribusiness Insurance
Aon Australia maintains a widespread network of individual food manufacturing insurance experts and agribusiness insurance experts offering support through more than 30 offices. We design and implement programs that identify and address your specialised risk spectrum.
Aon offers total process insurance and risk management solutions for Australian producers to protect against home grown risks to crops, livestock, property, assets and liabilities as well as continuing downstream operations and a competitive retail market.