For additional information please contact:

Florian Beerli,Vice President
(Phone) (203) 497-3737
(Fax)  (203) 985-0350
Florian_Beerli@cfins.com

Recalls can be a complex and expensive business. A fast and effective recall gives a company the valuable opportunity to reinforce their commitment to safety, quality and service. In contrast a badly managed recall can lead to adverse publicity and brand damage.

Our philosophy is to offer traditional insurance with best-in-class consulting services on a pre-incident and response basis.

Products

  • recallPROTECT+ for Consumable Products
  • recallPROTECT+ for Consumer Goods and Products
  • recallPROTECT+ for Suppliers and Component Parts Manufacturers
  • restaurantPROTECT+ for Food Borne Illness Insurance for Restaurant Chains

Capacity/Coverage

  • $10,000,000 capacity
  • Minimum attachment $25,000
  • On a lead basis, companies with sales up to $1B will be considered.
  • Companies with sales in excess of $1B will be considered with either a significant self insured retention or on an excess basis.
  • No minimum premium (automotive industry products minimum is $25,000).

Highlights of coverage

  • Basic policy covers recall costs and consultant costs (unlimited and no SIR applies).
  • Customized approach allows policyholders to select "add-on" coverages such as Loss of Profit, Replacement Costs, Rehabilitation Expenses, Customer Loss of Gross Profit, and many more
  • Access to consultants via a 24/7 emergency hotline
  • 10% of net premium offered to policyholder annually to cover loss mitigation costs

Target Risks

  • Consumable products include food & beverage companies, cosmetics, tobacco, pharmaceutical and pet food (excl. animal feed). The target risks can be a supplier of ingredients, co-packer, processor, manufacturer, bottler, importer, distributor, packager, wholesaler, etc.
  • Consumer Goods & Products are finished products in the areas of appliances, clothing, electronic/electrical, furniture, household, children's products, outdoor, sports/exercise, etc. The risk can be a manufacturer, importer, distributor, wholesaler, retailer, etc.
  • Supplier & Component Parts are manufacturers, distributors, importers, exporters and wholesalers of components for the general manufacturing and automotive industry. For the automotive industry, Tier 1 – 4 suppliers only would be considered.
  • Restaurant targets are local and regional restaurant chains including franchisees. National chains will only be considered on a high excess layer.
Products List
Products Capacity/Coverage Coverage Highlights Target Risks