Argo Insurance targets food and beverage companies. Our limit and attachment deployment will be commensurate with the size of the insured and the industry subsegment (e.g., meat processing will require a minimum attachment point of $25 million).
Basis of coverage:
- Occurrence reported
- Claims made
- Follow form
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.
Up to $25 million
Appetite & Availability
Food and beverage manufacturers
Bermuda and non-U.S. domiciled brokers