Contaminated Products Insurance

What is Contaminated Products Insurance?

In the event of an Accidental Contamination, Malicious Product Tamper or Product Extortion a Contaminated Products Insurance policy can provide financial protection to businesses in the food, beverage, pharmaceutical and cosmetic industries including:

• Business Interruption

• Replacement Costs

• Recall Costs

• Third Party Recall Costs

• Consultants & Advisor Costs

• Rehabilitation Expenses

• Extortion Costs

One of the biggest misconceptions is that product recall coverage is available under a standard public and products liability policy. In most such policies product recall is excluded. If some limited cover is provided via recall expense cover, the coverage limit provided is normally very small compared to the overall exposure.

As public and products liability policies do not cover the client’s own losses, there is no cover for replacement of the product, additional expenses to re-establish sales or loss of profit as a result of an Insured Event. 

Latest News

CPR Insurance Services Awarded Authorised Representative Insurance Business of the Year for 2019

Mandy and Robert Cooper were proud to receive the inaugural Authorised Representative Business of the Year from ANZIIF in the Australian Insurance Industry Awards for 2019.

We share this award with all our staff, Lauren, Guy and Sarah and thank them for their dedication in providing the best possible customer service. We also thank our clients who have made our business what it is today. We thank you all so much.

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Finalist in the Insurance Industry Awards

We were pleased to be advised this week that we are a finalist in the Australian Insurance Industry Awards in the category of Most Outstanding Authorised Representative Business for 2019.

Our company very much appreciates the accolade and just being nominated is prestigious to us. The awards ceremony is in August and we will see how we go, but being in the Top 4 is a credit to our team who have worked tremendously hard in the last eight years.

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