Recall Crisis Recovery sm (RCR sm) Customized Recall Policy for Small to Mid-Sized Manufacturers

Article

New Forms! New Wording!

EXPOSURE:
Do your clients know they are legally responsible for the safety of food and beverage products they manufacture? Governmental agencies do NOT differentiate based on the size of a manufacturer! All companies are equally obligated to produce safe products and recall that product if it comes into question.

POTENTIAL RECALL OUTCOME:
National adverse media, loss of contracts, cancelled orders, drop in sales, customer dissatisfaction, fines, penalties, and possible closure of your client’s business…

SOLUTION:
RCR – THE FOOD AND BEVERAGE RECALL CONTAMINATION INSURANCE POLICY

Policy Highlights include:

Limits up to $5M

No minimum premium

Triggers:

Accidental Contamination
Malicious Contamination
Products Extortion

Reimbursement Coverage for:

Gross or Net Profits
Extra Expense
Rehabilitation—retrieving, destroying, reworking, and transportation
Loss of revenues due to loss of contracts

Additional Features:

Crisis Management
48 Hour Quote Turnaround Time
Direct access to experienced Underwriters – HACCP Certified
Customized marketing / tools available to assist with the sales process
Experienced and nationally recognized in-house claims administrators

Crisis Management:
PROBLEM: Do your clients have the resources and expertise to handle a product recall?

SOLUTION: Crisis Management included in the policy:

Nationally ranked company: Specialty Risk Management, Inc.® (SRM®)

HACCP Certified Risk Managers

Media / Public Relations

Help with governmental agencies during the recall (FDA, FSIS, USDA and more)

Assistance with government compliance with onerous pre- and post-recall reporting

24/7 real time / live response support throughout the policy period

1-800 support hotline to assist the company and consumers

No deductible applies to Crisis Management

Don’t hesitate. Contact any of the Product Team Members at Professional Liability Insurance Services, Inc.® Underwriting Facilities for additional information and/or applications at 800-761-7547 or 512-328-0677, underwriting@plisinc.com or www.plisinc.com.

Was this article valuable?