F. D. Beck and Sons Pty Ltd
Suite 18/296 Bay Road,
Cheltenham, VIC, Australia 3192
Ph: 1300 155 338
Fax: (+613) 9585 6177
E:
Quick call
1300 155 338
Proud shareholder of
Steadfast is Australia's largest autonomous insurance brokering group, generating in excess of $2.5 billion in annual premiums. This benefits you, our valued clients, by the buying power and flexibility this brings to our services. Read more
Product Recall Insurance
Contaminated Products Insurance:
What is it?
Contaminated Products Insurance provides protection for organisations and their products against the risks of accidental contamination, malicious product tampering and product extortion. Significant costs can be incurred as a result of an above event and the policy extends to provide cover for recall costs, consultants costs, rehabilitation, loss of gross profit, value of product and extortion monies.
Why do you need it?
Each year hundreds of cases of accidental contamination leading to a product recall occur in the Australian food and beverage industry. Such incidents are increasingly common and when they occur attract media interest, which can have a disastrous impact on the public's confidence in the company and their product, both affected and unaffected. Considerable costs can be incurred in both recalling and replacing the damaged product, rebuilding public confidence and the loss of profits that follow on.
Who needs it?
Contaminated Products Insurance is available for clients within the industries of food, beverage, cosmetics and pharmaceuticals, and can include manufacturers, importers, exporters, distributors and retailers. Small to medium sized organisations particularly benefit from Contaminated Products Insurance, especially when considering the fact that retailer charges alone for a national product recall can exceed A$ 100,000.
To find out more:
For more information or to receive a quote, please email Simon Pascoe — E: — or call 1300 155 338
