Food Recall INSURaNce PaYoUT:
HOW NOT O GET TIED UP INKnots
The costs of a food safety incident can be staggering. Product recall costs
alone can run tens of millions of dollars. Accordingly, many food companies
have purchased insurance policies that promise to cover some or most of
these losses. But what if your insurance company passes the buck, drags
its feet for months on your claim, or even reneges altogether?
By Stephen A. Weisbrod and Jonathan M. Cohen
Partners, Gilbert Randolph LLP