CFC launches new product recall suite
Specialist lines underwriting agency CFC today announces the launch of its new suite of insurance products for the product recall market.
This follows the appointment last year of Natasha Catchpole as the Crisis Management Practice Leader and the subsequent recruitment of George Beattie from Willis.
Commenting on the launch of CFC’s new product suite, Natasha says: “I joined CFC in order to create a suite of recall products that really advance the market. Current products are often unclear and fail to address the issues faced in today’s modern manufacturing and distribution businesses. I’m really proud of what we’ve produced and looking forward to sharing them with our partner brokers.”
Available globally, CFC’s suite of products is aimed at a wide variety of industries, from food and beverage, through to automotive component parts and consumer product industries.
Recognising the emerging risks faced by today’s modern businesses, some innovative features of CFC’s product suite include cover against recall events stemming from the hacking of automotive products, malicious product tampering caused by an electronic attack and failure of food and beverage products to meet religious specifications. Insureds will also benefit from access to CFC’s diverse range of crisis consultants available to provide specialist support depending on the individual recall situation.
Product recall coverage can be easily packaged together with any of CFC’s other insurance products to facilitate seamless and comprehensive risk coverage.
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