311224

Soybean and Other Oilseed Processing

Cyber Liability Insurance for NAICS 311224

CYB

Ranked reasons a business in NAICS 311224, Soybean and Other Oilseed Processing, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    Solvent extraction uses hexane and runs continuously.

    • Extraction, desolventising, and recovery run under automated process control.
    • Hexane is flammable and the system holds large quantities.
    • A control failure is a fire or explosion, not a production issue.
    ASK
    Is your solvent extraction run by automated process control with safety interlocks?
  2. 02

    Meal and oil feed the entire animal and food chain.

    • Soybean meal goes to feed mills and oil goes to food manufacturers.
    • One production period reaches an enormous number of downstream users.
    • Contamination follows the product into feed and food alike.
    ASK
    How many feed and food customers receive product from one production run?
  3. 03

    Trading and settlement move very large sums.

    • Bean purchases and product sales settle continuously by electronic transfer.
    • Contracts and hedges are placed and confirmed electronically.
    • A faked banking change diverts a settlement worth millions.
    ASK
    How are changes to counterparty banking details verified before payment?

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