What is Contaminated Products Insurance?

Contaminated Products Insurance

What is Contaminated Products Insurance?

In the event of an Accidental Contamination, Malicious Product Tamper or Product Extortion a Contaminated Products Insurance policy can provide financial protection to businesses in the food, beverage, pharmaceutical and cosmetic industries including:

• Business Interruption

• Replacement Costs

• Recall Costs

• Third Party Recall Costs

• Consultants & Advisor Costs

• Rehabilitation Expenses

• Extortion Costs

One of the biggest misconceptions is that product recall coverage is available under a standard public and products liability policy. In most such policies product recall is excluded. If some limited cover is provided via recall expense cover, the coverage limit provided is normally very small compared to the overall exposure.

As public and products liability policies do not cover the client’s own losses, there is no cover for replacement of the product, additional expenses to re-establish sales or loss of profit as a result of an Insured Event.