Contaminated Products policy
Protecting Your Business from Losses Due to Contaminated Products
A Contaminated Products Policy protects manufacturers, suppliers, and sellers from the financial impact of contaminated products reaching the consumer. It covers the costs associated with product recalls, legal fees, and damage caused by the contamination. This policy ensures that your business is shielded from significant financial losses resulting from unforeseen product issues.
Key Benefits
- Product Recall Coverage covers the cost of recalling contaminated products.
- Legal Expense Protection covers legal fees due to contamination claims.
- Damage Compensation covers costs related to damage from contaminated products.
- Business Reputation Safeguard protects your business’s reputation and consumer trust.
Health Cover Up
to ₹50 Lacs
What is Contaminated Products policy?
A Contaminated Products Policy covers businesses against losses due to contamination in their products, including recall costs, damage claims, and legal defense. It is vital for manufacturers, distributors, and retailers.
Why do you need Contaminated Products policy?
Protection Against Contamination Risks
Safeguards your business from the financial fallout of contaminated products.
Minimize Recall Expenses
Covers the costs of recalling products from the market.
Legal Coverage and Defense
Provides financial protection for legal expenses due to contamination claims.
Maintain Consumer Trust
Helps safeguard your brand and reputation from contamination risks.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Contaminated Products policy
cover and exclude?
Plan Coverage
Product Contamination Coverage
Protects your brand from accidental contamination incidents during production or distribution.
Malicious Tampering Insurance
Safeguards against intentional contamination threats and damages to your product's reputation.
Accidental Contamination Liability
Covers contamination due to unintentional errors in manufacturing, packaging, or labeling.
Product Recall Protection
Provides coverage for recall expenses and costs associated with product contamination.
Malicious Tampering Coverage
Offers financial protection against intentional acts that compromise product safety and public trust.
Product Extortion Insurance
Protects against threats of product tampering used to extort money from your business.
Recall and Consultant Coverage
Includes costs for expert consultants, advisors, and recall management due to contamination incidents.
Comprehensive Contamination Liability
A comprehensive policy for all forms of product contamination, from accidental to malicious acts.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Director & Officer Illegal Acts Exclusion
Excludes coverage for illegal acts committed by directors, officers, or trustees of the insured.
Market and Economic Conditions Exclusion
Does not cover risks resulting from changes in population, customer preferences, or economic shifts.
War and Conflict Exclusion
Excludes coverage for contamination caused by acts of war or armed conflict.
Terrorism Exclusion
Coverage does not extend to contamination incidents related to terrorism or terrorist activities.
Seasonal & Competitive Variations Exclusion
Excludes claims arising from seasonal sales fluctuations or changes in the competitive environment.
Acts of War and Insurrection Exclusion
No coverage for contamination incidents caused by acts of war or insurrection.
Economic and Market Shifts Exclusion
Excludes coverage for losses due to sudden market changes, shifts in consumer behavior, or economic downturns.
Internal Management Misconduct Exclusion
Does not cover contamination resulting from misconduct or illegal activities by company leadership.
- If the appropriate waiver is not opted for, then the policy will not cover
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Contaminated Products policy can be registered in the below circumstances:
- Product contamination incident: Claims can be made if a product is contaminated and causes harm.
- Recall costs: Covers costs associated with product recalls due to contamination.
- Legal costs: Covers legal expenses from contamination-related lawsuits.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
