Cyber Liability Insurance for NAICS 311930
CYBRanked reasons a business in NAICS 311930, Flavoring Syrup and Concentrate Manufacturing, 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.
- 01
Formulas are the most valuable thing you own.
- Flavour formulas and concentrate recipes define the customer's finished product.
- Those formulas are held as trade secrets, often for decades.
- Once disclosed a formula cannot be made secret again.
- ASK
- Where are your flavour formulas stored, and who can access them?
- 02
Your concentrate becomes many bottles of finished product.
- One drum of concentrate makes thousands of gallons of finished beverage.
- A contamination or formulation error multiplies through the customer's production.
- The recall covers their bottled product, not your drum.
- ASK
- How much finished product does one lot of your concentrate produce?
- 03
Allergen and ingredient declarations flow to customer labels.
- Customers print allergen and ingredient statements from your specifications.
- A wrong specification produces wrong labels across their whole run.
- The recall is their product and their liability passes to you.
- ASK
- How are ingredient and allergen specifications communicated to customers?
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