Companies varied in their exact requirements for insurance coverage. Potential farm vendors will need to obtain a copy of the prospective customer’s company policy in terms of insurance coverage. Carrying product liability insurance is a reality for producers marketing to restaurants, retailer, and larger food service institutions. The investment that you make in insurance helps protect both your farm’s assets and the customers that are buying your product. The amount of liability insurance coverage expected ranged from one million to three million dollars in umbrella coverage.
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Best Marketing Practices
- Discuss insurance requirements with buyers.
- Have the necessary product liability.
- Communicate with your insurance provider regarding any changes.