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
Axon Contaminated Product Insurance Application Form – Download
Submission Contacts:
Contaminated Product Insurance: Miguel Criscuolo + Randy Esposito
Any questions can be directed to 908.947.0867.