OMNIRISK offers a suite of product recall insurance options. Coverage is available for a broad range of food and non-food companies. OMNIRISK helps businesses react and recover quickly if they need to recall a product because of a fault or contamination. We work with key consumer sectors including automotive, consumer products, pharmaceuticals, food, and restaurants. As well as covering recall costs, we can also provide expert crisis management advice and consultancy if needed.
”Product Recall Insurance
OMNIRISKCoverage for North America
Strategy needs Strategy
Coverage
- Product recall expenses, such as disposal, replacement, advertising and transport
- Pre-recall expenses
- Third party recall expenses
- Government recalls
- Business interruption
- Loss of gross profits/revenue
- Accidental contamination
- Product rehabilitation
- Increased cost of working after a recall
- Extortion demands related to malicious tampering
- Terrorism cover
- Consultancy costs
Benefits and Services
- 24/7 pre-incident consultant and crisis response
- Primary, excess of loss and quota share participation
- Financial strength to help protect balance sheets
- Dedicated industry expertise with an average of 20+ years of industry-specific risk management experience
- Risk engineering services and programs
- Global claims network
- Price competitiveness
Client Profiles
- Food and beverage companies, such as:
- meat processors
- beverage manufacturers/bottlers
- Automotive component suppliers/manufacturers
- End-product consumer goods companies, such as:
- Clothing
- Toys
- Electrical
- Household goods manufacturers
- Restaurant chains
- Pharmaceutical companies
- Cosmetic/toiletry companies
- Packaging manufacturers
