One of the most critical challenges facing the food and beverage sector is a product contamination within the supply chain. With access to some of the best crisis managers and corporate communications experts in the business, we can help to mitigate costs to both the insured and insurer.
Our product gets insureds back on their feet and trading again as quickly as possible by managing the crisis, paying for the costs of the recall and the subsequent loss of revenue.
We work closely with crisis consultants RQA who provide a 24/7 hotline support service to the insured in the event of a recall incident.
We also offer cover to companies in the cosmetics, pharmaceuticals and nutraceuticals industries.
Three core insured events:
- Accidental contamination
- Malicious product tampering
- Product extortion
We offer the following enhancements:
- Government recall
- Adverse publicity
- Customer loss of profit
- Third party recall liability
- Product rehabilitation expenses
- Increased cost of working
Our maximum line size is USD25m.
Tokio Marine Kiln announces latest Lloyd's syndicate forecasts
04 November 2021
Tokio Marine Kiln announces latest Lloyd's syndicate results and forecasts
TMK's CEO Brad Irick shares the value of Allyship with the ACIN
28 October 2021
TMK's CEO Brad Irick, alongside fellow senior industry leaders, reinforced the importance of their roles to bring more inclusion and help drive tangible change at Lloyd's and the across the London Insurance Market.
TMK and CarbonChain partner to evaluate customers’ carbon emissions
21 October 2021
Tokio Marine Kiln today announced that it has partnered with CarbonChain, a startup building technology solutions, to measure greenhouse gas emissions to inform underwriting decisions.