Royal & SunAlliance offers specialty food coverage. (Marketplace: Property/Casualty).The business insurance division of Royal & SunAlliance USA is offering a new program of insurance and services for manufacturers of specialty food products. Specialty food manufacturers focus on narrow product lines aimed at specific niche markets such as ethnic, diet or regional foods. An example of a specialty food market is the Hispanic influence on food retailing in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Hispanic population is the nation's largest minority group, and according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. SpecialtyFood.com, the group's purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. has grown 108% in the past decade. Consequently, U.S. supermarkets are stocking their shelves with food such items as tortillas and flan. Royal & SunAlliance's new business segment will be part of the commercial business groups within the company's business insurance division. The specialty foods segment will offer a broad array of accident prevention, claim and underwriting services, as well as specific coverages tailored to meet the needs of the specialty foods industry. These include coverages for adulteration Mixing something impure with something genuine, or an inferior article with a superior one of the same kind. Adulteration usually refers to mixing other matter of an inferior and sometimes harmful quality with food or drink intended to be sold. , spoilage spoilage decomposition; said of meat, milk, animal feeds especially ensilage. , change in temperature, product recall, brands and labels, and market/selling price. Royal & SunAlliance is also offering its Royal Flex property form, a manuscript property policy tailored to the insured's specific coverage needs such as machinery and equipment coverage with specialized prevention services and international coverages. |
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