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What You Need to Know About Berrian's Food & Beverage Recall Programm
Work with the industry leaders for Food & Beverage risk management.
Regardless of where you operate in the food supply chain, you are vulnerable to factors that are difficult to control. Recent outbreaks of food borne illnesses and major recalls illustrate the fragility and vulnerability of all brands and have impacted the viability of entire companies. Through our partnerships and global connections, we are able to address your food safety and risk management issues wherever they may be in the supply chain.
To help companies in the food industry effectively manage risk in a changing landscape, we:
- Identify and analyze areas of risk.
- Set up loss prevention services.
- Perform a technical analysis of current insurance policies and how they meet the needs of the company.
- Set up risk transfer mechanisms.
- Analyze and review product contamination exposures.
- Focus on exposures under the new law and help companies cover new resulting risks.
WHAT WE PROTECT
Are You Misinsured?
The industry transformations Food Retail is undergoing have brought about significant operational changes: new C-Suite appointments, unfamiliar supply chains, increasing complexity and novel customer services like grocerants, Ecommerce and meal kits – all of which present distinctively different risks and exposures.
Ignore and not only will you lose your competitive edge, you may lose your business. Berrian’s Food Retail Gap Analysis can identify your exposures and provide tailored solutions to protect your brand and balance sheet.
Customized Policies to Cover Emerging Gaps
Berrian has created and designed insurance policies and endorsements not offered by any other broker or insurer. These include Supermarket Contamination and Recall Insurance and Food Retail Contamination and Recall Insurance, which provide 17 triggers giving you one of the broadest programs for Insured Events in the world. In addition to these unique policies, Berrian also created endorsements to cover criminal strict liability, third party crisis consultants, expedited claims preparation, and professional claim preparation. Berrian dovetails coverage features between multiple policies to eliminate gaps, avoid duplication and lower costs.
A CHANGING INDUSTRY
FSMA resulted in a significant increase in the number and cost of product recalls.
The associated financial consequences of FSMA reach boardrooms and attract attention from investors and lenders. Retailers, wholesalers, manufacturers and restaurants are quickly implementing new financial and safety requirements from suppliers.