Insurance Post

Product focus - XL launches product-contamination insurance product to combat product-recall losses

XL Insurance has launched a primary food-and-drink product-contamination insurance in response to a rise in product recalls.According to the company, the insurance not only covers costs associated with a product recall - typically ranging from withdrawal expenses to the policyholder's loss of profit - but also places an emphasis on risk prevention and emergency response. Included in the premium is a free initial consultation with crisis managers, as well as an allocation for risk-improvement