Provided by Specialty Group

Product Contamination

Product Contamination Insurance give you the protection you need to secure your brand’s reputation and balance sheet.

Tokio Marine HCC’s policy provides coverage to help companies deal with the financial consequences of a product contamination crisis, including reimbursement for recall expenses, value of contaminated products, third party recall expenses, increased cost of working, product extortion costs, loss of gross profits, rehabilitation expenses, and 24/7 crisis consultant services from our retained recall specialist, Sedgwick Brand Protection™.

Highlights

  • Financial Capacity up to USD 25 million or currency equivalent
  • Worldwide territory
  • Crisis responses services by Sedgwick's brand protection

 

Summary of coverage

Our policy is designed to provide critical coverages for contamination incidents and related exposures not contemplated under the scope of traditional general liability or coverage extensions found in other insurance products.

 

Covered insured losses

  • Recall & contamination expenses
  • Value of contaminated products
  • Loss of gross profit to 18 months (This can be extended by agreement up to 60 months)
  • Product rehabilitation expenses
  • Increased cost of working
  • Product extortion costs
  • Crisis response and consultant

 

Optional coverages / services

  • Intentionally impaired ingredients
  • Product refusal
  • Forensic accounting and claims services
  • Third party recall liability expenses
  • Customer loss of gross profit
  • No Self-Insured Retention applies to crisis consulting expenses or product extortion costs
  • Long term agreements
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Sovereign Non-payment
Specialty UK

Single or multi-transactional
Specialty Europe

Brochures

PRODUCT SHEET

Product Contamination - UK

Product Contamination Insurance give you the protection you need to secure your brand’s reputation and balance sheet.

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PRODUCT SHEET

Product Contamination - Europe

Product Contamination Insurance give you the protection you need to secure your brand’s reputation and balance sheet in Europe.

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Your team

Directory
Main office

Fitzwilliam House
10 St. Mary Axe
London EC3A 8BF
United Kingdom

+44 (0)20 7702 4700
Contact Default Photo
Mark Hutton

Head of Crisis Management, International

Ian Davidson
Ian Davidson

Senior Underwriter, Crisis Management

Contact Default Photo
Shaun Russ

Head of London Market Crisis Management

Europe

Directory
Main office

Torre Diagonal Mar
Josep Pla 2, Planta 10
08019 Barcelona
Spain

+34 93 530 7300
Doris Pajon
Doris Pajon

Senior Underwriting Manager, Global Crisis - Specialty Group

Anthony Osterrieth
Anthony Osterrieth

Head of International Business Development - Specialty Group

About our team: Specialty Group

Our Tokio Marine HCC - Specialty Group underwriters are well equipped to address the full range of exposures facing commercial and financial enterprises and individuals based in the United States and abroad. We deliver individually tailored solutions that meet the ever-complex needs of each of our clients. Our underwriters continually seek ways to enhance our products and protect our clients from challenging and unconventional exposures wherever they are based. We listen, develop a profound understanding of our client's needs, and develop coverage packages to protect them against the unexpected. For Crisis Management Insurance outside the US, globally:

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Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

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