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Product Contamination

Product contamination and recalls in the food industry are making the headlines with ever greater frequency all over the world. With the rise in social media’s influence on consumer behavior, the complexity of the global supply chain, and evolving regulations, food companies have never been at greater risk. As the bar rises on global food safety standards, companies need to be prepared to protect themselves against the risk of reputation and financial damage. We offer a solution that combines pro-active crisis and risk management services with a comprehensive risk transfer product.

Risk Consulting

Risk consultants providing comprehensive risk management solutions based on an understanding of client business priorities and goals.

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Coverage

Standard policy provides for accidental contamination, malicious contamination and extortion covering the following losses:

  • Pre-recall expenses and recall expenses
  • Third party recall expenses
  • Loss of gross profits
  • Rehabilitation expenses
  • Increased cost of working
  • Product extortion demand

Extensions include:

  • Government recall
  • Customer loss of gross profit
  • Recall liability damages
  • Adverse publicity
  • Retailers’ expenses
  • Other market extensions
  • Manuscript coverage and endorsements

Benefits and Services

  • Coverage applies worldwide
  • Primary, excess of loss and quota share participation
  • Global claims network
  • Response AXA XL: 24/7 crisis response from a dedicated network of consultants in areas such as food safety, public relations, security consulting and regulatory advice

Client Profiles

Our client profiles range from some of the world’s largest multinational companies through to medium and small enterprises, and these include:

  • All categories of food and beverage companies
  • Restaurants (specific coverage available)
  • Nutraceuticals and food supplements
  • Pet food

Coverage also available for the following sectors:

  • Cosmetics
  • Toiletries and household products
  • Pharmaceuticals (specific coverage available)
  • Tobacco

Documents
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Product Sheets
  • Product Contamination London Market

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy wordings for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

US- and Canada-Issued Insurance Policies. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group.

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