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
Underwriter
product recall
London
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LATEST NEWS
TMK completes sale of Tokio Marine Highland’s US construction business to Intact Insurance Group
02 August 2022
Tokio Marine Kiln has completed its sale of Tokio Marine Highland’s (TMH) US construction division to Intact Insurance Group USA LLC (Intact) with effect from 1 August 2022.
TMK announces sale of Tokio Marine Highland’s US construction business to Intact Insurance Group
17 June 2022
Tokio Marine Kiln announced that a definitive agreement has been signed with Intact Insurance Group USA LLC (Intact) for the sale of Tokio Marine Highland’s (TMH) US construction division.
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11 May 2022
First-of-its-kind product will extend usage of lithium-ion battery storage systems to help accelerate transition from fossil fuels to green energy