You might have read in the news recently that more big firms have been caught up in the problems of meat supplier Russell Hume, amidst an investigation by the Food Standards Agency (FSA).
Manufacturing can involve complex processes that require specialist insurance cover and this case is a prime example of the importance of having a product recall insurance policy in place.
The FSA put a stop to any meat leaving Russell Hume company sites and unused meat had to be withdrawn from customers. This caused a large-scale interruption to business activity for everyone involved and reputational damage for Russel Hume.
Jamie’s Italian removed meat from the supplier, as did 18 Marston’s pubs. Wetherspoons pubs also had to remove steak from the menu on their weekly ‘steak night’.
To read the full BBC news report, click here.
The Right Insurance for Manufacturers
A product recall can be a worrying prospect for any manufacturing business with associated risks including financial loss and reputational damage.
Product recall insurance cover can be tailored to the unique exposures of a wide range of industries such as food and beverage, automotive components and consumer products.
At Thomas Carroll, our experienced risk management team acts for some of the UK’s most successful manufacturing businesses. From SME package covers to large corporate portfolios, we tailor insurance protection to reduce risk exposure and provide our clients with peace of mind.
We have a diverse client base that operate in a wide range of manufacturing trades and provide an insurance solution that reflects the individuality of manufacturing businesses.
How Thomas Carroll Can Help You
To discuss this update in more detail or review your existing insurance package, please get in touch. Contact Mark Slade via email or call 02920 855246