Safeguard clients with product recall consulting services Many companies do not realize that recall insurance can include the value-added services of crisis consultants. These services not only help policyholders proactively mitigate their risk, but also helps them react quickly and efficiently in the event of a recall or contamination. Through our worldwide partnership with Read more »
With all our recent articles on the imminent dangers of product recalls and contamination events, the astronomical costs associated, and the growing government push for more stringent oversight and safety requirements, you can see why product recall coverage is a must for any size business. But, what is actually covered—and what are the coverage options?… Read more »
Emerging trends are prompting companies, big and small, to purchase coverage As the world becomes more complex and marketplaces continue to evolve and interconnect, risk management solutions, including product recall and contamination coverage, have become essential to business survival. Companies of all sizes, not just larger businesses, are feeling the pressure to be proactive about… Read more »
In today’s world, product recalls affect about every type of business enterprise As the marketplace evolves with new business models, expanded global supply chains, and imported goods from all around the globe, this list continues to grow. When it comes to our food and beverage system, businesses that manufacture, distribute, sell or serve food products… Read more »
Product recalls can be extremely costly and complex as well as damaging to a company’s reputation. Why would your client want to take this risk? Often times, companies believe their general liability (GL) or product liability (PL) insurance policies will cover product recall losses when in fact, it is often excluded. For example, GL does… Read more »
There is a big misconception within the product recall marketplace that causes many companies to believe they have sufficient coverage. In fact, they may not have coverage at all or the limited coverage they do have is just scratching the surface. Unfortunately, this provides a false sense of security when companies believe they are protected… Read more »
by Sondra Ashmore, Ph.D. W.R. Berkley Corporation In 2018, I had the great privilege of serving as a mentor at the Global Insurance Accelerator in Des Moines, Iowa. The startup company I was paired with was developing a chatbot that served as a broker for… Read more »