303-795-5831
JBermudez@big-ins.com
JBerrian@big-ins.com

How can I stay ahead of the changes in my industry?

Our solutions are the result of collaborative efforts between our customers, members of our strategic partner network and our in-house expertise. Each solution is tailored to fit your unique needs and objectives.

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Food & Beverage

FSMA resulted in a significant increase in number and cost of product recalls. The associated financial consequences reach boardrooms and attract attention from investors and lenders. Retailers, wholesalers, manufacturers and restaurants are quickly implementing new financial and safety requirements from suppliers.

Our Solution

We help companies by providing direct access to the world’s leading product recall insurers. We have authored and own the exclusive distribution rights to new insurance policies and endorsements to help you and your supply chain vendors respond. We assembled a strategic partner network to provide timely and actionable intelligence and to offer support services to our customers. You and your suppliers now have access to new types of insurance coverage for exposures from prepared foods and criminal strict liability. Our network also offers help with expedited claim payments, legal advice for contractual risk transfer, facility sanitation quality control and many other services.

Benefits

  • Access to new insurance policies and endorsements providing valuable coverage
  • Access to an array of services – financial/insurance, legal and safety
  • Articles discussing significant developments, trends and products
  • Topical reports
  • Customer-only webinars

 

Supermarket Contamination Recall brochure

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Pharmaceutical/Nutraceutical

We introduced and own copyrights to important insurance coverage extensions to product recall policies, designed to increase financial protection to these industries. Product recall is one of the leading risk exposures to pharmaceutical and nutraceutical companies. It is of critical importance to understand and correctly insure these risks.

Our Solution

We have authored insurance coverage to better protect you and your supply chain vendors. Also, we assembled a strategic partner network to provide timely and actionable intelligence and to offer support services to your industry. Our network offers help with expedited claim payments, legal advice for contractual risk transfer, quality control and other services.

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Auto Parts Manufacturers & Distributors

Automobile manufacturers require auto parts suppliers to certify having product recall insurance. It is important for you to understand subtle yet significant coverages differences between competing insurers in this space. A key member of our team has twenty years experience designing and writing product recall insurance policies for 17 different insurance companies and has been involved in hundreds of recall claims. You will find his knowledge and experience of significant value to your company.

Our Solution

Our ability to provide you direct access to insurers enables you to tailor policy language and coverage terms. Giving you direct access to insurers also results in significant premium reductions by eliminating third parties from the transaction. Direct access reduces overhead costs paid by insurers and enables them to afford to charge lower prices to you. When we identify risk exposures not adequately covered by your current insurance, we have the technical ability to work with you and insurers to develop new endorsements to tailor the policy to your needs.

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Aviation Components

We now offer aviation component warranty insurance. Manufacturers and suppliers of aviation component parts can now use our coverholder facility to access insurers. The facility allows direct access to insurers without involving third parties and the ability to obtain lower insurance costs. Refer to the Customer Log-in section of this website for details of available coverage.

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Consumer Goods

Retailers, distributors, manufacturers and other suppliers of consumer goods are increasingly required fully indemnify their customers for all product recall costs and expenses. We offer product recall insurance to protect the supplier and their customer.

Our Solution

We offer you direct access to insurers and help you tailor policy language and coverage terms. Direct access reduces overhead costs paid by insurers and enables them to afford to charge lower prices to you. We have the ability to work with you and insurers to design the policy to your needs and those of your customers.

Talk to an Expert

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