Food System, Agribusiness and Beverage Industry

New risks continue to emerge for companies in the agribusiness sector as a result of regulatory changes and an increasingly global business environment. Issues such as food safety, supply chain risk management, bio-terrorism, security, genetically modified organisms, global warming, and contamination can have financially devastating effects if not properly identified and addressed.

Fresh Solutions

Aon is the recognized leader in insurance solutions for the food systems, agribusiness and beverage industry. Aon places approximately $3 billion in premium into the global market on behalf of its agribusiness and food system clients each year, and we serve more than 70% of the Fortune 500 food-related companies. We also support the Food and Agriculture director for the Department of Homeland Security.

Aon's Food System, Agribusiness and Beverage Practice has provided custom solutions to the challenges of managing the production, processing and distribution risks associated with the food system. Our clients include a wide variety of companies representing all sectors of the food system, from input and supplier companies to food processors to wholesale distributors to retailers and restaurants. Additionally, Aon's clients range from global corporations to privately-held entities.

Aon provides comprehensive agribusiness and food system risk management for the industry’s unique production, processing and distribution risks. We’ll help you minimize costs, address and uncover traditional and non-traditional risks, assure quality and safeguard assets. As a trusted advisor, we uncover issues that challenge your business, your people and your markets, and we help you develop effective, lasting solutions.

Aon offers solutions for these and other agribusiness and food system-related risks:

• Food safety and security
• Supply chain disruptions
• Pandemics
• 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
• Sustainability
• Globalization

Organizational sustainability in the food system, agribusiness and beverage industry demands proactive understanding and management of risk. In the current fast-changing economic, legal and regulatory landscape, the risk profiles of food system, agribusiness and beverage companies evolve quickly. Recent challenges caused by the slow economic recovery, property losses and network security breaches remind us that threats to organizations increasingly come from all directions and in many different forms – and the ability to manage these risks is key to survival and success.

Preparing for the new world of risk

Aon Risk Solutions’ Food System, Agribusiness and Beverage Practice has developed a range of proven risk solutions that help food manufacturers, suppliers and retailers:

• Assess risk exposures not typically covered by traditional insurance offerings
• Evaluate solutions that safeguard critical assets
• Develop and implement comprehensive risk management and insurance strategies
• Create solutions to control financial volatility
• Prepare for the unexpected