The intent of this type of insurance is to cover the financial consequences of extortion, accidental or intentional contamination (or threat thereat) of consumer products. The victims of this type of events may be the producers or distributors. The threat at contamination, accidental or intentional contamination applies in general on fast moving consumer goods.

This type of insurance covers the costs related to the following (this is not an exhaustive list): - Product recall - Publicity campaigns to relaunch the contaminated products - Financial loss resulting of the extortion (including the payment of an eventual ransom) - Assistance of specialised consultancy for these types of events.

EXAMPLES
- Extortion:Threat to inject needles or glass in children's food, injection of poison in fruit or vegetables.
- Accidental Contamination of entire lots of bottles of sparkling water and subsequent recall of all bottles (Perrier).
- Recall : remember the story about Coca-Cola Belgium; extortion and contamination cases almost always lead to the recall of the merchandise.

Kidnapping or Physical extortion (or threat thereat) on persons in order to obtain a ransom.

This type of policy offers:
- Worldwide coverage, 24 hours / 24. The cover of the ransom one would eventually pay out
- Complete assistance (Including psychological follow-up of the victims aswell as negociations with the abductors) by specialised consultants.

Are covered:
- The insured persons, generally named on the contract, their next of kin and persons residing in the same house.

Certain regions of the world, like Italy or South America, are more exposed to this type of crime.

Any form of liability can be insured. Liability may be legal or contractual. Any person or organisation who accepts a form of responsibilty may see it called into question and must therefore insure the financial risk - which may be very important in certain cases - which may result of this responsibility.

Do not hesitate to ask us for further information on:
- Errors and Ommissions / Professional Indemnity
- Directors and Officers