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.
TMK’s appetite site Our Focus
Find out more information on our products,
scope of activity and areas of interest.
A guide to our products and services
Altelium and TMK partner on first data-driven insured warranty for battery energy storage systems
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
TMK launches Intellectual Property Abatement Insurance for US-based SMEs
12 April 2022
TMK has launched IP Abatement insurance for clients in the US. The product will be available for Micro-Enterprise and Small to Medium size clients with revenues under USD100m.
Pavlos Spryropoulos joins Tokio Marine Kiln as Regional Managing Director for Asia
07 April 2022
Tokio Marine Kiln today announces the appointment of Pavlos Spyropoulos as Regional Managing Director for Asia. Spyropoulos joins from Lloyd’s Asia where he was CEO.