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CFC 2019 product recall update Lucie Dean – Underwriter – Product Recall 26 th November 2019
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CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

Feb 27, 2020

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Page 1: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

CFC 2019 product recall update

Lucie Dean – Underwriter – Product Recall26th November 2019

Page 2: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

Recalls in the news

Page 3: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

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• Listeria cases noted in hospitals across the UK – 6 dead

• Source found to be The Good Food Chain Sandwiches

• Company now in liquidation

Sandwiches…

June 2019

Recalls in the news

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• 82 product lines recalled from various supermarkets across the UK

… & hummus

Ongoing…

Recalls in the news

Page 5: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

Based on current findings there is one common factor in both of

these recalls – contaminated supplied ingredients.

Page 6: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

Product recall at CFC

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Manufacturing error

Malicious tamper

Extortion

Government actions

Negative publicity

Supplied ingredients

Product guarantee

Cyber tamper

Software Product Safety

Product recall triggers

CFC 2019 Product Recall Update

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Intellectual property

Animal by product

Recall liability

Religious specification

Bespoke extensions

CFC Product Recall Update

Page 9: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

Stock surprise

A growing soup manufacturer discovered a large quantity of chicken stock had been mislabelledas vegetable stock by their supplier

Page 10: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

Recall guide

A handy introduction to product recall insurance

Page 11: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

Common misconceptions

Page 12: CFC 2019 product recall update - cfcunderwriting.comCFC 2019 Product Recall Update | cfcunderwriting.com 18 Natasha Catchpole Practice Leader Lucie Dean Underwriter Michael Capleton

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We have never had a recall

CFC Product Recall Update

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Our quality is top notch, it won’t happen to us!

CFC Product Recall Update

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Product recall insurance is too expensive

CFC Product Recall Update

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Surely my recall costs won’t be that high?

CFC Product Recall Update

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My suppliers will pick up our recall costs

CFC Product Recall Update

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Meat & Poultry

Pet Food

Electronic, Metal & Plastic

Components

Automotive Components

Food & Beverage Products under

contract for third parties

Health Foods & Nutraceuticals

‘Free-from’ Products

Fresh Fruit and Vegetables

Medical Devices

Some of the industries we consider…

CFC 2019 Product Recall Update

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Natasha CatchpolePractice Leader

Lucie DeanUnderwriter

Michael CapletonUnderwriter

Harry AllhusenAssistant Underwriter

The CFC product recall team

CFC Product Recall Update