BUSINESS INTERRUPTION COVERAGE FOR FOOD BORNE ILLNESS OUTBREAKS:
Restaurants face unique exposures when it comes to food borne illness, accidental & malicious contamination and products extortion. Regardless of how these incidents happen, the financial impact can be devastating. The Trade Name Restoration (TNR) product provides coverage for loss of business income resulting from a food borne illness outbreaks.
COVERAGE RESPONDS TO:
- Food Borne Illness Outbreaks – accidental or malicious contamination of food product
- Trade Name Trigger –business income lost due to the publicity of an actual or alleged outbreak involving the same trade name even if the outbreak did not occur at insured’s location
- Supplier Caused Outbreaks – business income lost due to a supplier incident/outbreak
COVERAGE PROVIDED FOR:
- Business Interruption – loss of business income due to an outbreak/incident
- Product Recall – additional expense for disposal, removal and replacement of contaminated food products
- Automatic addition of new locations for same trade name at no additional charge within the policy period
- Full policy limits for additional advertising expenses including television/radio, coupons and/or community campaigns
- Additional expense for restaurant cleaning
- Additional expense for temporary staff as needed
- Additional expense for overtime of regular staff as needed
- 18-month period of restoration/rehabilitation provided
SERVICES INCLUDED:
- Specialty Risk Management® (SRM®) – SRM is the oldest active running hotline and has a 95% success ratio in preventing media events. They are a 24/7 highly experienced and qualified crisis management team with over 100 years of combined food and beverage industry experience including: a unique blend of experience in pathology, microbiology, marketing, communications, agricultural science, statistical process control and total quality control.
- Expert and immediate crisis management services including:
- 24/7 customer/crisis information line
- Proactive, well-coordinated, cohesive operating team with solutions specific to client’s needs
- Assistance with health department staff and regulatory requirements
- Assistance with restoration of community reputation, effective marketing and media control
- Claims personnel that are Hazard Analysis and Critical Control Point (HACCP) certified and experienced in adjusting revenue-based losses
OPTIONAL COVERAGES (Additional Premium May Apply):
- Extortion Threats – third party threatens to contaminate food product if ransom not paid
- Workplace Violence Coverage – an act of violence at a restaurant results in lost business income
- Inoculation, Vaccination and Testing Expenses – in the event testing or inoculation of customers is required due to an incident/outbreak