Grocery Store Aisle and Cart

In 2011, Kentucky counties had an average of three to seven grocery stores. The Bluegrass State's grocery industry plays a huge role in ensuring that everyone gets the food they need. We've all got to eat, after all!

A lot of the food consumed in Kentucky comes from its 13 million acres of agricultural production. Grocers also collect inventory from far and wide. Within their stores are a stock of perishable commodities that need protection. If the stock goes bad, that puts the business' success on the line.

It's essential to protect this stock of food at all costs. A combination of insurance and preventive measures can help grocers protect their business.

Insuring Your Business' Stock

When you bring stock into your business, you assume a degree of responsibility for it. If your food or other stock spoils, you're likely going to need to replace it. Yet, doing so might mean a financial loss to your business. A tailored insurance policy can offer an assist in these situations.

Think about how much value is in your meat, dairy, vegetable and frozen foods stock. These items might spoil easily under the right conditions. As a result, many grocery stores carry food spoilage insurance. Spoilage coverage can help businesses replace the damage to those items. With coverage, profits might not have to suffer if you have to throw out stock.

Preventing Stock Damage

Stock spoilage often results from failures in store refrigeration or ventilation systems. It might also develop from slow sales or bad supplies from vendors. Still, grocers can take steps to prevent spoilage from happening in the first place.

  1. Inspect your stock as soon as it arrives from suppliers. If you notice damage or spoiled deliveries, do not sell the items. Bring the matter to the attention of the supplier.
  2. Consider boiler and machinery insurance. This coverage can help repair broken equipment. This might prevent certain damage to your stock. Enroll in this coverage with the help of your insurance agent.
  3. Inspect your equipment for signs of damage or deterioration. Should damage develop, remove the affected stock. Shut down the equipment until it can receive repairs.
  4. Stock perishable items properly. Humidity, temperature and exposure might all affect a product's shelf life. Check the environmental settings of all equipment to make sure it remains stable.
  5. Immediately dispose of stock that has expired or shows signs of spoilage. Most stores have to replace unsold or spoiled stock at regular intervals.
  6. Keep an eye on recall notices. Also check for other spoilage alerts from sanitation authorities.

If you encounter instances of food spoilage, do what you can to contain the damage. And immediately contact your Exceed Insurance agent to file a spoilage coverage claim. The faster you react, the better your chances of reducing damage.

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