CONTAMINATED PRODUCTS INSURANCE

Food, drink, cosmetics, pharmaceuticals and tobacco products are susceptible to contamination, both accidental and by deliberate interference through malice for political or financial gain.  Incidents as the discovery of contaminated pharmaceutical drugs in Kenya are increasingly common and, when they occur, attract media interest, which can have a disastrous impact on the public's confidence in the affected product.

Considerable costs can be incurred in both recalling and replacing the damaged product as well as in rebuilding public confidence.

Coverage
(i)       Accidental Contamination
(ii)      Malicious Tampering
(iii)      Product Extortion
Covered losses

• Recall Costs
• Business interruption (lost net profit or lost gross profit available).
• Rehabilitation Costs, sub-limited to 25%
• Consultancy costs

Target markets
Companies in the following market sectors

• Food
• Beverage
• Tobacco
• Cosmetic
• Pharmaceuticals

Requirements

• Revenue of the Insured
• Product, packaging and quality control information
• Past incidents