Crisis Management (Product Recall and Kidnap & Ransom)

Product Contamination

Underwriting Appetite

Manufacturers, distributors and retailers of topical and ingestible products
Food, beverage, cosmetics, pharmaceutical (OTC), tobacco
Companies with good HACCP, Quality Assurance, recall and crisis management plans in place
Cover is on a ‘claims made’ basis and all policies are aggregated

Capacity

Coverage

Covers your clients’ costs before, during and after a recall incident, triggered if the consumption of the product can cause sickness or injury
Malicious product tamper, product extortion and accidental contamination wordings, providing first-party cover for: recall costs; business interruption; rehabilitation costs (sub limited); third-party recall costs (sub limited); extortion monies; consultant costs

First-party Recall

Underwriting Appetite

Finished goods manufacturers of consumer products (no component parts)
Toy and child-related products, sports and recreational equipment, household appliances, home electrical equipment,
garden tools and products, packaging and containers, tools
Companies with good Quality Assurance, recall and crisis management plans in place
Cover is on a ‘claims made’ basis and all policies are aggregated

Capacity

Coverage

Covers your clients’ costs before, during and after a recall incident, triggered if the use of the product causes injury or property damage
First-party cover includes: recall costs; business interruption; rehabilitation costs (sub limited); restore, repair, refund (sub limited); third-party recall costs (sub limited); product extortion; consultant costs

Kidnap and Ransom

Underwriting Appetite

Companies with employees either travelling to or based in overseas countries
High-profile or cash-rich companies
Companies with threat of extortion – i.e. those working with sensitive information or high technology, or trading on the Internet
Cover is on a ‘claims made’ basis and all policies are aggregated

Capacity

Coverage

Kidnap – for the purposes of demanding ransom monies
Extortion – for the purposes of demanding money with a threat to kill, injure, damage property, or release proprietary information
Wrongful detention
Hijack
Death and dismemberment
Consultant costs
Additional cover for loss in transit; judgement, settlements and defence costs; business interruption (sub limited)

Underwriter: Jacqui Ferrier Tel: +61 2 8235 5104
Email: jacqui.ferrier@catlin.com

Underwriter

Jacqui Ferrier started her Insurance/reinsurance career with SwissRe Australia for a period of seven years working in the Casualty Facultative Department. Jacqui became a senior underwriter in 2003. Jacqui then moved into the Insurance market working for AIG Australia at the end of 2004, Jacqui joined Catlin in December 2005 as a class underwriter.; Stephen Rogers Tel: +61 2 8235 5120
Email: stephen.rogers@catlin.com

Underwriter

Stephen joined Catlin Australia in 2008