Contaminated Products

This coverage is offered by the newly formed and unique for the Greek market, Crisis Management Department.

Food products, drinks, cosmetics and medicines are highly susceptible and sensitive to deterioration and contamination caused either accidentally or by deliberate and malicious intervention.

Incidents of deterioration and contamination have been constantly increasing and when they occur they attract the interest of the media, a fact that can have destructive effects on consumer loyalty.

Also important are the expenses incurred for the contaminated product recall and / or replacement, as well as for the restoration of consumer loyalty. The "Contaminated Products Insurance" by AIG GREECE offers substantial coverage for financial losses suffered by the insured company (food, drinks, medicines, cosmetics), such as: loss of profit, product recall and replacement expenses and expenses for the restoration of the company's reputation. Either an accidental or a malicious contamination may cause such expenses. Coverage is also offered for amounts paid in case of extortion for product deterioration / contamination. We also provide a crisis management action plan as well as crisis management services with specialised PR (HILL & KNOWLTON) and security (KROLL ASSOCIATES) consultants.