Contaminated Products Insurance
Axon’s Contaminated Product Insurance policy is designed to protect manufacturers of food, beverage and topical products in the event of a product contamination.
With a rising trend in product recalls in the United States, Axon’s Contaminated Product Insurance protects the Insured from financial losses which can originate from an accidental contamination, government recall, property impairment, or malicious product tampering.
The coverage options target the economic impact deriving from recall efforts, replacement or restoration of products, third party recall, loss of gross profit, rehabilitation, marketing, and crisis expert response costs.
INSURED EVENT OPTIONS:
- Adverse Publicity
- Government Recall
- Malicious Product Tampering
- Product Defect
- Product Extortion Demand
- Property Impairment
CAPACITY:
- USD $10 million per Insured Event / Policy Aggregate
INSURED LOSSES:
- Pre-Event Loss Mitigation
- Pre-Recall Costs to identify an Insured Event
- Recall Costs
- Third-Party Recall Costs
- Third-Party Recall Liability Costs
- Restore, Replace, and Refund Costs
- Crisis Response Costs
- Loss of Gross Profit
- Rehabilitation and Marketing Costs
- Unsupported Product Recall Costs
- Product Extortion Costs
- Claims Preparation Costs
Forms and Endorsements
Application Forms
Marketing Materials
Contaminated Product Submission Information:
Questions: