Food, Beverage and Agriculture

One global team offering wide insurance market access

Our global food, beverage and agriculture practice brings together all our experts from around the world in one networked group.

That means we can offer access to global insurance markets through our broking expertise in 120 countries via a single hub to help you find the best insurance coverage and risk management solutions.

End-to-end risk management

Our team includes specialists in risk engineering, data and analytics, multinational client service and policy wordings.

With this combined expertise, we can help you:

• Understand and mitigate your unique risks
• Build resilience across your supply chains
• Manage the cyber risk that comes with increasing automation
• Address emerging geopolitical challenges
• Protect against environmental and climate risks
• Reduce the overall cost of risk to your business

A focus on sustainability

Though we are insurance brokers first, we are also a partner that can help your organization address ESG and sustainability issues and incorporate them into all you do.

The growing adoption of ESG standards has pushed environmental issues up the boardroom agenda.

Our ESG and Sustainability team can help your leadership and board develop a coherent ESG strategy that addresses your role in environmental stewardship.

Multidiscipline approach

When you partner with us, you gain access to WTW’s vast network of experts. We can help you address more than traditional risks facing the food, beverage and agriculture industries.

We understand the emerging threats from growing automation and digitalization. We also understand the changes in how businesses operate and work is done. Our human capital teams can help you address your people issues too.

Advanced risk analytics and loss modeling

Everything we do is underpinned by risk analytics.

Our advanced loss modeling capabilities, including catastrophe and climate risks, can help you predict likely risks years ahead and plan effective risk management strategies to deal with them.

Insights on emerging risks and trends

Our multidiscipline teams can provide you with regular in-depth insights on emerging risks and trends affecting the food, beverage and agriculture industries and the insurance marketplace.

Whether your concerns are environmental or geopolitical, we can help you understand how they may affect your business.

Our goal is to help you stay ahead of events by looking beyond the headlines and implement the right risk solutions for your organization.

Cost control

Our evaluation and analysis of your risk exposures can provide insights that help to minimize the total cost of risk to your business.

Addressing geopolitical risks

Geopolitical challenges facing the food, beverage and agriculture industries are common. More recently, the war in Ukraine exacerbated those challenges, impacting markets well beyond those operating in the region.

At the same time, several other geopolitical themes, such as tariffs and other trade barriers, are also impacting the food, beverage and agriculture industries, highlighting the need to understand global and local political risks.

Our geopolitical risk team can help you address your exposures to such conflicts and keep you aware of developments beyond the headlines.

Navigating supply chain disruption

Recent global events, such as port congestion, shortage of shipping containers and haulage operators, along with a lack of infrastructure investment, have severely disrupted supply chains.

Further exacerbating supply chains include human and livestock pandemics.

Managing these supply chain risks has become a top priority, with just-in-time methods facing increasing scrutiny.

You need a partner with deep understanding of supply chains. We have multiple teams across WTW that can help you, including:

• Marine
• Transportation and logistics
• Pandemic response and resilience

Addressing environmental exposures

The increased public and political awareness of business’ impact on the environment has resulted in an increase in public expectation and regulatory focus on environmental standards.

The food, beverage and agriculture industries are acutely impacted by the environment. You need a partner familiar with environmental risk.

Our environmental team can help you address your unique environmental risks.

Furthermore, environmental risk is an important factor in ESG. The growing adoption of ESG standards has pushed environmental issues up the boardroom agenda.

Our ESG and Sustainability team can help your leadership and board develop a coherent ESG strategy that addresses your role in environmental stewardship.

Protecting your automation from cyber risks

Automation and digitization continue to revolutionize the food, beverage and agriculture industries, giving businesses the opportunity to optimize processes through new technologies, leading to increased efficiency, flexibility in production and sustainability.

But with increased automation comes new cyber risks such ransomware and cyberattacks that can disrupt your operations.

Our cyber risk team can help you ensure your digital systems are resilient whether through cyber security tools or cyber insurance.

Managing reputational risk

Your reputation is a valuable asset, but thanks to social media, it can easily be damaged. Social media provides a platform for dissatisfaction to potentially reach an audience of millions within seconds and can lead to lost sales and market cap.

Food, beverage and agriculture businesses face unique reputational risks including recalls that sicken customers, labor issues, animal welfare and environmental stewardship.

Furthermore, your suppliers’ or partners’ practices can impact your brand.

While the claims cost to recall, remove and replace products in the food and beverage industry can be high, the impact of a consumer boycott on a brand’s reputation is equally high.

In addition to our product liability and contaminated products teams, we also have a reputational risk team that can help you address such a scenario.