MRM Group

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MRM Group

Products

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MRM offers two distinct products:

Recall Advantage recall insurance & management specialistsRecall Advantage PREMIER – Designed for Edible products and ideal for Processors, Suppliers and Manufactures including those subcontracting product production by third parties concerned with contamination of the product.

Recall Advantage GOLD – Designed for Non-edible Products such as Consumer Goods, Electronics, Packaging, Industrial parts and components companies concerned with the expense of recalling and replacing products.

Coverage ResponsePREMIERGOLD
Recall or withdrawal of insured products from marketplace...
Following an error during the insured’s manufacture, process, design and specification, packaging, labelling or distributionYesYes
Following introduction of an ingredient or component supplied by a third party that is contaminatedYesYes
Following mislabeling including instructions for use (i.e. Allergen)YesYes
Following Malicious TamperingYesYes
Following an Extortion demandYesYes
Provided products are unsafe to use or consume as intended and would lead to or has led to bodily injury, sickness of any person, animal, livestock or had led to physical property damage to third party property.YesYes

Risk ExposurePREMIERGOLD
Physical contamination from a foreign object (i.e. glass)YesYes
Biological (i.e. Pathogens)YesYes
Chemical (i.e. Industrial Cleaner)YesYes
Fault in Design / Manufacture errorYesYes

Risk and Coverage ResultPREMIERGOLD
First party (Insureds)YesYes
Third party (direct customer) recall costs and expensesYesYes
Cost to destroy and replace or repairYesYes
Third party (customer) loss of gross profit caused by the customers’ inability to sell the supplied insured products and/or their own products that have been contaminated by the insured productsYesOptional
Protects Insured to potential loss of contract / relationshipYesYes
Option to cover product-specific contractYesYes
Protects third party customer to risk of loss from supplierYesYes
Maintains Insured’s product integrity and relationship with customerYesYes
Insured’s loss of gross profits (12 months)YesOptional
Rehabilitation costsYesYes
Insured’s extra expensesYesYes

Risk Response / RequirementPREMIERGOLD
Swift removal of unsafe product from marketplace by insured and customersYesYes
Option to indemnify customer specific to supplier contract. Assist in maintaining product integrity and customer contracts/relationships in order to trade on when ready to do soYesOptional
Response required and coverage given:
Ensures thorough/correct level of (upstream) recall and traceability utilizing the assistance of customers while indemnifying the customers’ cost to recall the insured’s productsYesYes
Indemnifying the customers’ loss of profit (whether the product is a finished product or forms part of their customers’ end product (i.e. an ingredient /component part as per defined policy terms)YesOptional

Endorsements AvailablePREMIERGOLD
Governmental advisory/ notification of a recall provided specific to insured products advising of products that are unsafe for consumption and would result in bodily injury or deathYes
Many additional coverages and options available as well as manuscript wordingsYesYes

Products

  • RECALL ADVANTAGE PREMIER
  • RECALL ADVANTAGE GOLD

MRM Group, LLC
1787 Sentry Parkway West, Suite 410
Blue Bell, PA 19422
800-815-0060
[email protected]

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    • RECALL ADVANTAGE PREMIER
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    • Component Parts
    • Transportation
  • Service Features
  • How it Works
  • Get A Quote
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