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The food sourcing and
distribution industry requires specialized coverage designed to meet the needs of its
trade. Insurance is only one of many tools which can be used to build an effective risk
management system. Included in the value of every premium dollar spent, your customized
insurance coverage is supplemented with an intricate Trade Support System unique to the insurance industry.
 Risk
Evaluation
Risk profiles are provided on all packing houses from which you wish to source
product. Our proprietary database details 15 years of trading experience in our pool and
15 years of FDA detention and refusal histories broken down by country, packer and
product.
Customizing
Your Exposure To Risk
You may choose your own level of risk aversion and choose between self insurance,
full and/or partial indemnification. All of the choices may be used concurrently in
different parts of your trading portfolio.
Loss
Prevention Services
Loss
prevention memorandums are issued periodically to all policyholders. These memos
cover a wide range of HACCP, regulatory, transportation and legal topics which will
enhance your understanding of the trade risk and allow you to avoid pitfalls which can
expose you to greater losses.
Customizing
Your Insurance Coverage
Special manuscripting of coverage is provided to customize and respond to
different and unusual trading scenarios.
Insurance
Practices
Consulting is provided concerning appropriate investigating practices and
coverage interpretation in the event you must lodge a transportation or regulatory claim
against another insurer, such as when shipments are purchased on a C.I.F. basis.
HACCP
Compliance
Consulting is provided on HACCP verification and the "paperwork trail"
necessary to establish compliance with HACCP, enforced as of December 18, 1997. Members of
our staff are HACCP certified.
Legal
Recovery Services
Consulting is provided on international trade and Inland Marine legal issues to
enable you to maximize recoveries from third parties promptly and effectively.
Commercial
Documentation Requirements
Consulting is provided on matters related to Letter of Credit documentary
requirements, U.S. Customs practices, Bill of Lading drafting and interpretation
practices, and C.I.T.E.S. requirements.
Regulatory
Compliance
You will have access to our specialized knowledge, involving the "nuts and
bolts" of FDA, EU and DFO regulatory practices, and how they differ from one entry
district to another, as well as from one country to another.
Claim
Support Network
Your claims will be managed by our affiliate company, International
Cargo Loss Prevention, Inc. Our staff and appointed surveyors routinely
investigate claims within the U.S. and Canada, the Caribbean, South America, Hong Kong,
China, Philippines, the E.U. and Russia. Surveyors are given specific instructions based
on recent legal decisions which serve to maximize recovery for both the assured and the
insurer. Investigations are prompt and comprehensive. Appeals before the FDA, USDA, DFO
and/or EU are handled entirely in-house.
Getting
To Know Our Clients
MMIB account executives visit all major accounts at their principal office
locations so that our mutual understanding and cooperation can enhance and better focus
our services. MMIB also exhibits at the Boston Seafood Show and periodically attends other
trade shows throughout the USA, as well as those held in Brussels and Paris (SIAL).
Time
Zone Management
MMIB staffs three offices within the United States. Corporate offices are
situated in Park City, Utah, located within the Wasatch Range of the Rocky
Mountains. At 8300 feet elevation and just outside of Salt Lake City, our offices are a
short drive from numerous renowned ski resorts and winter recreation areas. Our
West Coast office is strategically located in Fountain Valley, Southern California, which
is only a 20 minute drive from most of the ports and public cold stores that serve the
region. An East Coast office is located in Stoneham, Massachusetts, a suburb of Boston. By
design, both coastal offices are located minutes away from FDA district offices allowing
us to physically document certain events more effectively.
Strategic
and Timely Decision Making
Traditionally, policyholders work through brokers or agents, who must often
network through another broker or agent, who then in turn, speak with the underwriter
concerning a policyholder’s request to add, delete or change coverage. This process
is painfully slow and rife with opportunity for miscommunication. In our program, you
speak directly to the underwriter, for as long as necessary, so that each party fully
understands the changes in coverage required. Often, coverage is created for your unique
trading scenario. We cannot over emphasize the strategic importance of adding to or
changing your existing coverage to meet your immediate trading needs. This service alone
gives you a distinct competitive advantage in the area of new product acquisition.
Good
Experience Dividend Returns
Based on
your good experience, it is possible to earn up to a 25% return of your gross marine and
rejection premium paid during your first and subsequent twelve month periods of insurance.
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