Worldwide Excess Casualty: Product Recall

Argo Insurance targets food & beverage companies. Our limit and attachment deployment will be commensurate with the size of the insured and the industry sub segment (e.g., meat processing will require a minimum attachment point of $25 million).

Coverage Highlights

Basis of coverage

Occurrence reported

Claims-made

Follow form

Coverage available

The product recall policy is triggered by accidental contamination or malicious product tampering. Coverage reimburses the insured for losses arising from the insured’s recall expenses, third party recall expenses, loss of gross profit and product rehabilitation.

Coverage Limits

Up to $25 million

Appetite & Availability

Targeted classes

Food and beverage manufacturers

Geographic availability

Worldwide

Additional Information

Distribution

Bermuda and non-U.S. domiciled brokers

Additional information

Argo Re recall policy form

Contact

Nigel Mortimer

President, Argo Insurance

441-278-3737

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