The Baltimore Business Journal announced that a local brewery recalled almost 1,000 cases of beer and dumped another 2,000 gallons. According to the company, they contained diastaticus, a yeast that causes over-carbonation. According to Jim Bauckman of the Brewers Association of Maryland, “while there is significant cost associated with recall and dumping, it is imperative that breweries be willing to absorb those costs”. What if your company didn’t have to absorb the costs of a recall? What if your company could recover them? Through Oxford’s Actual Net Loss Policy’s Product Recall Expense coverage, that is possible.
Call Oxford today to see how our Enterprise Risk Management Solutions complement your Commercial Insurance Program to ensure that events like these are covered.
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