For CPG brands scaling through RangeMe, reliable supply chains are critical. But with today’s landscape filled with delays, logistical challenges, and unforeseen events, supply chain disruptions can hit brands hard, causing costly setbacks, strained retailer relationships, and lost revenue.
With the right protection, however, you build resilience, manage risks, and maintain momentum even when disruptions arise. Following are several key types of insurance essential for emerging brands.
Business Interruption Insurance: Protection for Your Bottom Line
How Business Interruption Insurance Protects Your Business:
A disruption in your supply chain can bring production to a standstill, cutting off revenue and threatening your cash flow. It covers lost income and essential expenses when a covered event—such as a fire or natural disaster—halts your operations. With this support, your brand can stay afloat during downtime, ensuring your business continues even when production pauses.
Why CPG Brands on RangeMe Need This Coverage:
As you expand through RangeMe, maintaining consistent inventory is crucial to meet retail demand. Business Interruption insurance provides the financial stability needed to recover quickly, so you can continue building strong relationships with retailers, even if you encounter an operational setback.
Contingent Business Interruption (CBI) Insurance: Extending Coverage to Your Supply Chain
A Unique Solution for Managing Supply Chain Dependencies:
Your supply chain includes many critical partners, from raw material suppliers to logistics services. If a key supplier or partner encounters a disruption, it can directly impact your production and revenue. Contingent Business Interruption (CBI) insurance covers financial losses stemming from disruptions at your suppliers’ or partners’ facilities, so you’re protected even if the issue originates outside your business.
How CBI Insurance Benefits RangeMe Brands:
Gild understands the demands of a CPG brand, especially one committed to timely delivery in a competitive marketplace. CBI insurance provides the safety net you need to navigate unexpected supplier delays, helping you maintain commitments to retail buyers and strengthen your brand reputation in new markets.
Product Liability Insurance: Protection for Quality and Safety
How Product Liability Insurance Covers You:
If a defect occurs or a product causes harm, product liability insurance protects your brand from claims related to bodily injury or property damage, covering legal fees, settlements, and judgments. This coverage allows you to address quality concerns confidently without jeopardizing your financial stability.
Why Product Liability Matters for CPG Brands on RangeMe:
RangeMe retailers expect dependable products. With Product Liability insurance, you can assure retailers that quality and accountability are top priorities, making you a more attractive partner. This coverage not only protects you but also signals reliability to buyers, setting your brand apart in a competitive marketplace.
Commercial Property Insurance: Safeguarding Your Essential Facilities
Property Insurance Solutions:
Your business’ manufacturing plants, warehouses, and storage facilities are vital to your operations, and any damage to these properties can cause major setbacks. Commercial Property insurance protects these assets from events like fires, storms, or vandalism, covering the costs of repairs and replacements so you can keep operations running smoothly.
Why Property Insurance is Important for RangeMe Brands:
Retailers on RangeMe prioritize working with brands that demonstrate financial stability and operational reliability. Having commercial property insurance ensures that your business can recover quickly from unexpected damages, preventing disruptions in production and supply chains. This stability reassures retailers that your brand is a dependable partner, strengthening your position in the competitive CPG marketplace.
About Gild Insurance
At Gild Insurance, we do more than provide coverage; we help CPG brands strategically manage risks and build tailored protection for sustainable growth. Our insurance experts work closely with businesses like yours, offering specialized solutions designed for the unique challenges of scaling through platforms like RangeMe. From assessing risk exposure to customizing coverage options such as Commercial Property, Business Interruption, and Product Liability insurance, we ensure your brand is equipped with the right protection at every stage.
In today’s fast-paced, unpredictable supply chain environment, having a reliable insurance partner is essential. Gild Insurance proactively helps you identify potential risks, ensuring your business remains resilient and ready to meet retailer expectations. With deep expertise in the CPG space, we understand the complexities of your industry and are committed to supporting your expansion into new markets. Whether safeguarding your facilities, managing supply chain risks, or protecting your products, Gild Insurance provides the tools and coverage you need to scale with confidence. Connect with us today to learn how our tailored solutions can support your brand’s success.
Visit the Gild Insurance RangeMe Services profile here.