Posted on 02 Apr 08
Recall Crisis Recovery, a customized recall policy for small to mid-sized manufacturers, with new forms and new wording from storefront owner Professional Liability Insurance Services.
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 clients business...
RCR - THE FOOD AND BEVERAGE RECALL CONTAMINATION INSURANCE POLICY
Policy Highlights include:
Limits up to $5M
No minimum premium
Reimbursement Coverage for:
Gross or Net Profits
Rehabilitation—retrieving, destroying, reworking, and transportation
Loss of revenues due to loss of contracts
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
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
For more information, visit their storefront at www.programbusiness.com.