908-947-0867 info@axonu.com

Contaminated Products Insurance

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:

Accidental Contamination

Adverse Publicity

Intentionally Impaired Ingredients

Malicious Product Tampering

Product Extortion Demand

Product Warning Refusal

Regulatory Agency Recall

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

Replacement and Restoration Costs

Crisis Response Costs

Loss of Gross Profit

Rehabilitation and Marketing Costs

Unsupported Product Recall Costs

Product Extortion Costs

Claims Preparation Costs

2020 Axon Contaminated Products Insurance Flyer – Download

All Submissions should be forwarded to submissions@axonu.com.  Any questions can be directed to (908)-947-0867