Recall insurance as a strategic component of recall readiness

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Product recalls no longer happen occasionally.  They’re the new normal for industries, including the food and drink sector.  As business operations evolve and government oversight intensifies, accountability is expanding for everyone involved in the supply chain.

Triggered by contamination, defects, mislabeling, adverse publicity, or government involvement, recalls need instant, concerted action.  Yet, many companies either choose not to buy recall insurance or see it only as a backup measure to be utilized after losses are sustained. That thinking is changing as more companies recognize recall Insurance as a proactive tool for preparedness, protection, and resilience. 

Read Scott Harper’s published work for Sedgwick

Read the full publication by Sedgwick