Product contamination and recall cases continue to increase and in certain sectors have reached unprecedented levels.
Dedicated to serving the specialised corporate and specialty insurance needs of Communication, Media and Technology (CMT) clients, Allianz Global Corporate & Specialty delivers a wide spectrum of risk-transfer solutions.
Coverage options for Risks of terrorism and Political violence
We rely upon clean water in all parts of our life – in our homes, businesses, factories, schools and hospitals. Whether privately or publicly run, water utility companies have a legal obligation to provide people with safe water.
A company can be left in ruins if it does not manage a product recall well. The long-term costs, e.g. loss of a major customer, profits and brand, can be sizeable and will hit the company’s balance sheet.
No matter what its size, industry, location or reputation, a company will be affected if it does not manage a product contamination well by proactively managing their contamination risks prior to an incident.
The nature of terrorism and political violence dictates that there is always someone who suffers. Businesses, their staff and their customers are no different.
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