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Contaminated Products Insurance

Overview:  Provides cover for recall costs, loss of gross profits and rehabilitation costs following either accidental or malicious contamination (whether actual or threatened). It also provides crisis management planning and loss prevention services through leading international crisis management specialists.


Who is it for?:  UK, international or multinational food and drink, tobacco, cosmetics and pharmaceutical companies.

Food and drink, cosmetics, pharmaceuticals and tobacco products are susceptible to contamination, both accidental and by deliberate interference through malice or for political or financial gain. Such incidents are increasingly common and, when they occur, attract media interest with potentially disastrous impact on the public's confidence in the affected product. Considerable costs can be incurred in both recalling and replacing the damaged product and in rebuilding public confidence.

AIG UK’s Contaminated Products Insurance provides cover for recall costs, loss of gross profits and rehabilitation costs following either accidental or malicious contamination (whether actual or threatened). It also provides crisis management planning and loss prevention services through leading international crisis management specialists.

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Accidental Contamination 

 

Any accidental or unintentional contamination, impairment or mislabelling which occurs during or as a result of its production, preparation, manufacture, packaging or distribution; provided that the use or consumption of such product has resulted in or would result in a manifestation of bodily injury, sickness, disease or death of any person within 120 days after consumption or use.

 

Malicious Tampering

 

Any actual, alleged or threatened, intentional, malicious and wrongful alteration or contamination of the Insured's product so as to render it unfit or dangerous for use or consumption or to create such impression to the public, whether caused by employees or not.

 

Extortion Monies

 

Any threat to commit a Malicious Tampering for the purpose of demanding Ransom Monies.

 

Cover includes

·   Recall costs

·   Business interruption (lost gross profit)

·   Rehabilitation costs, sublimited to 25%

·   Consultancy costs

·   Adverse publicity (optional)