Contamination of food is a serious health hazard. Companies whether they are involved in manufacturing, retailing, wholesaling, exporting or distributing of products are vulnerable to product contamination or extortion.
The impact of a product contamination and possible recall of a product can be far reaching and have a devastating effect on the company’s profitability, brand name and reputation in the market place. Years of investment of time and money to create a product and market share can be dramatically impacted almost overnight.
Therefore contamination insurance is very much needed.