Who is at risk?

Product contamination or extortion can happen to any manufacturer or retailer with those in the food and beverage, tobacco, cosmetics and pharmaceutical sectors being the most vulnerable.

The presence of E.Coli bacteria in meat or shards of glass in containers are both risks faced by all companies in these sectors and regulatory inspections and assessments do not make a company's system foolproof.

Contamination as a result of a malicious act is an increasing problem with the motive being extortion, idealism or simply a disgruntled employee seeking revenge.

Preparedness

Effective management of product contamination risk involves two interrelated components:

• Risk management - well documented and frequently reviewed contingency strategies. Up to date product recall & crisis management plans improve the efficiency and control of any recall situation.
• Insurance - Risk transfer to minimise financial impact of a product recall

• Proposal
• Policy
• Claims Examples