It is quite common to hear, “We don’t feel that there is a dust explosion risk at our plant because we have been operating for 20 years and have never had a problem.” Yet according to FM Global, the largest industrial insurer, the food processing industry experiences the second largest number of losses compared to all other industrial segments.
FM Global reported 18 losses in the food processing industry, with an average cost of almost $400,000 per claim, in a recent 10-year period and 12 losses …