If you think it is unlikely that your food products will someday be recalled, or that you’ll be covered by your insurance if it ever happens, think again. Recalls for the presence of pathogens or undeclared allergens in food products will continue to occur, notwithstanding best efforts to prevent them. And while many companies go to great lengths to protect their customers, they often fail to protect themselves.
Within this context, it is incredibly important to reassess the extent and scope of your existing insurance coverage. This is because many companies have coverage gaps in their insurance that do not become apparent until it’s too late. And, sometimes, the fine print buried deep within insurance policies will benefit the insurance company at the expense of the insured.