Packagers Protection Insurance

Packaging plays a pivotal role in the safety and integrity of products. A packaging defect or contamination can lead to health risks to consumers, or a failure to meet the quality requirements of third-party customers. Additionally, package labelling must provide crucial information such as a product’s ingredients, usage instructions, expiration date and its regulatory compliance.

In the event of a manufacturing error, a recall of products may be necessary, leading to financial loss and reputational harm.

Product Recall insurance can enable packaging manufacturers to manage the financial and reputational risks associated with the recall of their own or their customers’ products.

Who needs cover?

Any business involved in the manufacture of packaging materials, including labelling and printing, for industries including food & beverage, cosmetics, pharmaceuticals, consumer products, and component parts.

How can Packagers Protection Insurance help?

We offer a broad wording that gives coverage for a variety of costs, protecting a client’s balance sheet and their reputation in the event of a recall involving their products.

Cover can be triggered by the need to recall products due to the risk of bodily injury to consumers, damage to or impairment of a third party’s products, or a government recall.

Once triggered the policy provides cover for a broad range of costs and expenses, including first party recall, repair or replacement expenses, third party business interruption, and crisis consultants’ fees.

We also offer access to a dedicated, worldwide crisis consultant response service, where clients can gain access to a wide variety of crisis management services to help them respond to and mitigate any potential brand damage from a covered incident.

Why Perigon?

As a specialist product recall MGA, we offer a market leading proposition underwritten by product experts with first class service.

We have one of the largest lines in the recall market, a rolling 10-year commitment from our cornerstone capacity provider, and access to Lloyd’s capacity, giving us unique stability and flexibility through varying market conditions.

We’re one of the most experienced teams in the recall market with combined knowledge of over 50 years in the class. We offer bespoke wordings and enhancements to fit our clients’ needs.

Our clients have access to specialist claims management, with over 10 years of experience in product recall claims.