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

Sponsored Content March 19, 2008

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.

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