Product Recall

One of the most critical challenges facing the food and beverage sector is a product contamination within the supply chain. With access to some of the best crisis managers and corporate communications experts in the business, we can help to mitigate costs to both the insured and insurer.

Our product gets insureds back on their feet and trading again as quickly as possible by managing the crisis, paying for the costs of the recall and the subsequent loss of revenue.

 

We work closely with crisis consultants RQA who provide a 24/7 hotline support service to the insured in the event of a recall incident.

We also offer cover to companies in the cosmetics, pharmaceuticals and nutraceuticals industries.

We cover

Three core insured events:

  • Accidental contamination
  • Malicious product tampering
  • Product extortion

 

 

We offer the following enhancements: 

  • Government recall
  • Adverse publicity
  • Customer loss of profit
  • Third party recall liability
  • Product rehabilitation expenses
  • Increased cost of working

 

Line size

Our maximum line size is USD25m.

GET IN TOUCH

Michael Crabtree

Michael Crabtree

Underwriter

product recall

London

+44 (0)20 7360 1492

michael.crabtree@tokiomarinekiln.com

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