AMI Product Recall Insurance
Insurance can soften the impact of a potentially devastating product recall. Make product recall insurance part of your crisis management. Remember — effective crisis management starts long before the crisis hits. AMI's Risk Management Program offers it's members a Product Recall Insurance (Accidental & Malicious Product Tampering) that covers expenses related to product loss and the cost of hiring a public relations firm to assist in managing the crisis. Members who have benefited from the program say it is the best investment they've made.
Coverage includes:
- Recall Expenses, including the
value of any contaminated product recalled or
destroyed, as well as costs of chemical
analysis and transportation and relocation of
the product.
- Lost Gross Profit Coverage of the
entire operation for up to 12 months after a
tampering or contamination.
- Customer Recall Expenses incurred
by your customers as a result of your product
becoming a component part of their
product.
- Rehabilitation Expenses incurred to
restore the reputation and market share of the
product line that is the subject of the
tampering or contamination.
- Crisis Management Consultant & Public Relations Expenses incurred in connection with the response to a covered incident.
More information on Discounts/Affinity Programs.