Insurance professionals help clients grasp the risks and impacts of events like recalls or contamination, highlighting the importance of recall and contamination insurance for covering costs and providing crisis management support. CRC Group offers specialized expertise and extensive market access to help retail agents secure optimal coverage and manage complex risks effectively.

A recall can be costly for a food manufacturer. But what if the contaminated food is shipped to other manufacturers and used in other products? What if those products hit retail shelves? The potential cost of a recall can quickly become catastrophic if it extends to customers, distributors, and retailers.

More trucks on the road can increase the frequency of accidents, including fatalities. Controlling losses continues to be a challenge for the trucking industry as the sector struggles to hire qualified drivers and balance rising operational costs. Read more about what’s happening in the trucking industry and the unique risks facing insureds.

In 2024, manufacturers are expected to face economic uncertainty based on the ongoing shortage of skilled labor, lingering supply chain disruptions, and new challenges around innovation and climate change. Like any other industry, mistakes happen in manufacturing, which means maintaining both E&O and product recall coverage should be an important part of any company’s risk management plan.

Price increases are decelerating in a more manageable excess trucking market after sharp hikes over the last two years. Still, carriers remain cautious and selective. Smaller accounts may have an easier time, but larger accounts should expect a bumpier ride.