From wanting locally sourced food, to organic farming, to an increase in food product recall, the food and agriculture business is evolving daily.  We work with all aspects of food and agribusiness industry from producers to retailers. Our focus is on working with you to manage your risk from the unexpected and helping you mitigate risks so you can cultivate quality food and drink.

Improving the business of food, farming and agriculture.

Across the country, every morning, there are people working to put food on your table. From processing wheat into bread, to the local grocery store or your regional milk processor, there are millions dedicated to providing food to world’s families. Nothing unites us more than food. And for this industry that brings us all together, the Gallagher food insurance and agriculture risk management team helps to mitigate risk from field to fork.

A heritage of food and agribusiness firsts

We understand agricultural economies, food processing operations and grocer industry issues and needs. Starting with Chicago’s Bowman Dairy in the 1930s through Beatrice Foods in the 1950s and today’s international corporations, Gallagher is recognized as specialists in the world of agribusiness risk solutions. By tapping into our expansive knowledge, combined with relationships with top carriers, we are able to provide consulting on the food and agribusiness industry’s most pressing needs. We specialize in:

  • Regional niche solutions. The challenges each region faces are as different as what they produce. We put our global network and marketing intelligence to work with specialized solutions so whether you are a slaughterhouse in Iowa or a cotton manufacturer in Georgia, we help you identify and close the precise risks you face.
  • Product recalls. Our regulatory experts can help you with product recalls, product labeling concerns and contractual issues for a strong web of coverage.
  • Gallagher’s Harvest Captive. This tool gives you more control over insurance costs by pooling insurance costs with other farmers.
  • Dedicated grocery and supermarket insurance program. We provide in-depth consulting on grocery coverages, issues and services ranging from loss control to claims advocacy. Since 1969, Gallagher has been working on behalf of the grocery channel, currently serving 800+ clients. Drawing on decades-long experience along with our strong relationships with key insurance carrier partners, we build solutions that are unique in the marketplace.

Grocery Employment Practice Liability claims are on the rise

Gallagher has an exclusive program to ­address this critical exposure.

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We work across the industry with all types of food growers, producers and providers. We have developed relationships at both a local and global levels that helps create solutions that address your most important issues. We work with:

Risk management and solutions designed for agriculture space

We have developed a true consulting practice that creates solutions for all the risks that come with producing and distributing food. Our niche risk management programs include:

  • Alternative risk financing
  • Transactional brokerage services (insurance placement)
  • Loss control services and claims advocacy
  • Product recall & FDA compliance consulting
  • Crop insurance
  • Comprehensive risk management due diligence for mergers and acquisitions
  • Employee benefits
  • Contractual risk transfer
  • Parametric Solutions

The Gallagher Difference

The problem: Improving claims and loss control with food manufacturing

Gallagher contacted a large food manufacturing client to discuss their overall risk management program. During the discussion, we learned that the company was experiencing issues with their current carrier and the management of their claims. Gallagher did a full analysis of their risk management program with special attention paid to mitigating claims.

The solution

Using our Core360™ model, we evaluated the six cost driver of the client's risk management program, working to minimize their total cost of risk.

The result

With our deep expertise in the Food & Agriculture industry and our approach to managing a customer's total cost of risk, we made these improvements:

  • Saved the client 20% on their premium by consolidating coverages and switching to a carrier that specialized in the food and agribusiness industry.
  • Restructured the program from six to four carriers and consolidated $100M commercial umbrella insurance, while saving money on the premium.
  • Added $1M of coverage for exposed areas — environmental and product recall insurance — at no additional cost.
  • Managed the client’s claims and provided loss control services to further improve their program and provide future savings.

Food and Agriculture Insurance Summary

  • Ability to work with all parts of the supply chain
  • Claims advocacy
  • Experts in product recall team, product labeling and contractual issues
  • Special insurance programs designed specifically for the needs of farmers

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