PERIGON PRODUCT RECALL
SUBCLASSES
- General Food & Beverage
- Auto & Non-Auto
- Component Parts
- Restaurant Contamination
- Pharmaceutical
- Consumer Durables
- Packaging
- Retailers
TARGET CLIENTS
- Manufacturers of finished products
- Manufacturers of component parts
- Corporate restaurant chain
- Retailers
APPETITE
- No commodity traders – limited appetite for
distributors - More limited appetite for ingredients – finished
products preferred - Pharma accounts less than $1bn in sales
- No tyres – limited appetite for airbags
COVER
- All policies are based on a bodily injury / property
damage trigger covering Accidental Contamination,
Malicious Product Tamper, Extortion, Government
Recall and Adverse Publicity - Packaging and Component Wordings also include an
Impaired Property / Product Guarantee trigger - Product liability (claims made) available as part of auto
components - Losses covered include recall costs, replacement costs,
business interruption, extra expense and extortion
monies
CAPABILITIES
- Up to USD 50m any one risk
- 12-month policies standard – LTA’s available up to 3
years - Security Exchange are retained Crisis Consultant