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.
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
Our maximum line size is USD25m.
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A guide to our products and services
TMK’s Property and Cyber teams top London’s Leading Underwriter Report 2023
26 July 2023
Tokio Marine Kiln’s Property and Cyber teams have been voted top of their business classes in Gracechurch’s London’s Leading Underwriter Report for 2023, the independent ranking of underwriters in and around the London Market.
Pen launches TMK-backed intellectual property insurance cover
14 November 2023
Tokio Marine Kiln has backed a new Intellectual Property insurance offering with Gallagher’s UK-based MGA Pen Underwriting, in response to increased demand for protection of intangible assets.
TMK aims to double size of Lloyd’s Asia portfolio
01 November 2023
TMK’s Regional Managing Director for Asia Pacific, Pavlos Spyropoulos, outlined TMK’s aims to double the premium written through its Lloyd’s Asia operation in Singapore by 2027