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October 28, 2009

Product Recall Coverage - A Necessity for Food / Beverage Manufacturers

Recall Crisis Recovery (RCR) is the product recall coverage for your manufacturing clients.

 

During a product recall, revenues plummet, customer relations suffer and governmental requirements become overwhelming.

 

There is help on the horizon.

 

The RCR program provides:

 

·        Business Interruption for loss of profits (triggered by Accidental or Malicious Contamination)

·        Extra Expenses to rehabilitate the brand name (marketing)

·        Coverage for Recall Costs & Customer Recall Costs

·        New! Customer Loss of Profits Coverage available

·        Products Extortion Coverage - NO DEDUCTIBLE APPLIES!

·        Limits up to $5M

·        No minimum premium

·        24-48 hour quote turn around in most cases

·        Direct access to experienced, HACCP accredited and RPLU certified Underwriters and Claims personnel

 

 

With the policy, insureds have access to nationally ranked certified crisis managers, HACCP Certified - Specialty Risk Management, Inc.® to help with:

 

·        Media / Public Relations

·        Governmental agencies during the recall (FDA, FSIS, USDA and more)

·        Government compliance with onerous pre- and post-recall reporting

·        Customer/Crisis Information Line

In addition:

·        Crisis Management is 25% of the Available Limit!

·        No deductible applies to Crisis Management

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

 

Contact Professional Liability Insurance Services, Inc. for more details on this program.

 

PLIS, Inc. Underwriting Facilities

800-761-7547

www.plisinc.com

underwriting@plisinc.com



Please visit our CompleteMarkets storefront: Recall Crisis Recovery (RCR) - Product Recall