Product Recall

Product Recall & Contamination

The product recall and contamination insurance market continues to expand and develop. Coverage is becoming more common place with an increasing number of companies purchasing polices to supplement their risk management programs. New carriers have provided additional capacity and policy wording continues to develop around new exposures and case law. Several high profile events have influenced the manner in which underwriters view and approach risks while regulators and the media continue to focus on issues of product safety.

2018 Emerging Trends in Product Recall and Contamination Risk Management

With 2017 being characterized as the costliest year on record for weather disasters, questions remain concerning how this may challenge specialty insurers with tightening capacity as alternative options seek investor capacity. Increased risk through the supply chain, social media, and technology also confront underwriters. Despite these challenges, the product recall insurance market has matured and, together with proper risk management techniques, is an essential piece of most product-safety risk programs. Learn more from our 2018 Emerging Trends in Product Recall and Contamination Risk Management.

Crisis Consulting Services

It is important to note the more rapidly you respond in an emergency and, in particular, the message being communicated to your customers, may influence the severity of the loss. In addition to risk transfer, restaurant contamination policies provide 24/7 access to crisis consultants who are available to assist you in managing the incident. Consultant fees and expenses are covered under the policy without the application of a deductible. These consultants are comprised of food safety and crisis communication specialists that work independently from the insurance company.

Crisis Management is part of Aon Risk Solutions, the risk management and insurance brokerage business of Aon Corporation. Going beyond traditional risk transfer solutions, our global network of product contamination and recall specialists offers a full range of consultancy services, enabling clients to quantify their risk exposure and make informed decisions on the optimum balance between risk retention, risk management and risk transfer.

Global Solutions Through A Local Network

Our team of specialist brokers, crisis consultants and in-house claims management combines threat assessment, impact analysis and crisis management, and response with individually structured insurance programs. Our unique, consultative approach enables our clients to implement the most appropriate measures to meet their duty of care and better protect their balance sheet, people, brand and reputation.

Please do not wait until you have an actual crisis to reach out to Aon’s Crisis Management brokerage team to structure a program that addresses your particular risks and concerns. Being proactive is essential.

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Crisis Management

2018 Risk Maps

2017 Emerging Trends in Product Recall
and Contamination Risk Management

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