Professional Liability Insurance Services Inc. Underwriting Facilities introduced Recall Crisis Policy, a food and beverage recall contamination insurance policy for small to midsize manufacturers.
The limits reach $5 million with no minimum premium. Policy triggers include accidental contamination, malicious contamination and products extortion. The policy features reimbursement coverage for gross or net profits, extra expense, rehabilitation, and loss of revenues due to loss of contracts. Additional features include crisis management, 48-hour quote turnaround time, direct access to HACCP-certified underwriters, customized marketing tools available to assist with the sales process, and nationally recognized in-house claims administrators.
Crisis management in the case of a recall is provided by Specialty Risk Management Inc. This resource features work by HACCP-certified certified risk managers, media and public relations assistance, help with government agencies, assistance with government compliance with onerous pre- and post-recall reporting, 24/7 live response support throughout the policy period, and a 1-800 support hotline to assist the company and consumers. No deductible applies to crisis management.
For more information, contact 800-761-7547 or [email protected], or visit www.plsinc.com.
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