SMC helps food companies and agricultural businesses address many industry-specific risks and opportunities, including:
- Food-borne illness issues
- Product recalls
- Reputational damages and crisis management response associated with private labeling
- Interruption of upstream or downstream supply
- Environmental business risk exposures that warrant risk transfer solutions
- Interruption of earnings arising from property damage
- Potential FDA changes that could potentially affect their business
- Workplace-related injuries
Resources and Benefits for Clients
- Identification of food company threats to design, implement, and manage a comprehensive program of risk mitigation and transfer
- Expertise in reducing cash outlay through customized self-insurance arrangements
- Expertise in reducing workplace hazards and the costs of injuries that do occur through specialized training, claims advocacy, and Workers Compensation consulting
- Analysis of cargo and warehouse value to assure proper limits and coverage
- Procurement of custom bonds
How We've Helped Our Clients
- Restructured a Workers’ Compensation program to reduce the client’s potential cost by $2 million per year
- Through risk engineering, identified safety solutions that reduced the client’s premium by 20%