Product Contamination/Recall Insurance coverage is excluded under most Commercial General Liability policies under the “Work Products/Product Recall” exclusion. This represents a large gap in most meat and food processors insurance program.
Insurance Associates has partnered with several of the worlds best product recall insurance carriers to fill this gap.
Product Contamination and Recall Insurance pays for the following:
- Accidental Product Contamination
- Malicious Product Tampering
- Product Extortion
- Product Recall Expenses
- Customer Product Recall Expenses
- Lost Gross Profit
- Rehabilitation Expense
- Customer Lost Profit
- Governmental Announcement
- Adverse Publicity
Here is an excerpt from our free white paper “Are you prepared for a contamination event?”
“In today’s market, the consumer has more access to information than ever before. Even the smallest recall has a chance to be published world wide on the internet within seconds of the announcement. At that point, the measures taken to prevent the contamination, the aggressive regulation of the USDA, and your testing procedures become irrelevant because the consumer is now free to make up their own mind about the safety of your product. On top of the threat of people actually becoming sick due to your product, the blood, sweat, and tears you’ve spent establishing your reputation as a credible business is now at stake.”