General

Make sure your liability insurance covers you for product recall

According to Thurling, having excellent insurance in instances like this is key, as it ensures access to good legal representation. Comprehensive insurance also helps manage two other key aspects in this kind of situation:

  • One very urgent point is the product recall exercise to ensure no more harm is caused by products in the public domain.
  • The second important consideration is product liability itself in the case that any harm has been caused that the business can be held liable for.

General (or broadform) liability will cover point 1 if you have you have selected the product recall extension.

But of course no broker can foresee every eventuality – how can they ensure that clients have no gaps in their cover? We recommend developing a close relationship with clients to develop a real understanding of their businesses and to get to know what their risks are. Work with clients to run various scenarios of what can go wrong, and be aware of various risk trends in your industry – in this case, food safety.

Please find the full podcast here.

Understanding the different types of cyberbullying to create safer online spaces

Despite the countless benefits that technology brings to our daily lives, the digital age also has a dark side, enabling...

15 May 2024

The Reality of Cyberbullying in South Africa – Trends, Warning Signs and Consequences

The rise of social media and digital communication channels has facilitated the spread of cyberbullying, with platforms such as Facebook...

14 March 2024

iTOO unveils new ‘game-changing’ aviation launch into South Africa

iTOO Special Risks has unveiled the launch of its aviation insurance offering – which it describes as a game-changer for the...

14 March 2024