Contaminated Product Takaful

Food, drink, cosmetics, pharmaceuticals and tobacco products are susceptible to contamination, both accidental and by deliberate interference through malice for political or financial gain. Such incidents are increasingly common and, when they occur, attract media interest which can have a disastrous impact on the public's confidence in the affected product. Considerable costs can be incurred in both recalling and replacing the damaged product as well as in rebuilding public confidence.

Chartis Takaful is the leader in the Contaminated Products Takaful. Coverage includes recall costs, loss in profits and rehabilitation costs following either accidental or malicious contamination. It also provides crisis management planning and loss prevention services through specialist consultants.

Cover

The program consists of three parts: Accidental Contamination, Malicious Tampering and Product Tamper Extortion of the covered's products.

A seizure or detention of an Participant person for the purpose of demanding ransom moneys.

Accidental Contamination (ACI)

Any accidental or unintentional contamination, impairment or mislabelling of an Covered's product which occurs during or as a result of its production, preparation, manufacture, packaging or distribution; provided that the use or consumption of such product has resulted in or would result in a manifestation of bodily injury, sickness, disease or death of any person within 120 days after consumption or use.

Malicious Tampering (MPT)

Any actual, alleged or threatened, intentional, malicious and wrongful alteration or contamination of the Covered's product so as to render it unfit or dangerous for use or consumption or to create such impression to the public, whether caused by employees or not.

Cover includes:

- Business Interruption (lost of gross profit)
- Recall Costs
- Rehabilitation Expenses
- Consultancy costs
- Extortion Costs

Consultants

- RQA/RSSL for Accidental Contamination
- Clayton Consultants for Malicious Tampering
- Hill & Knowlton for Public Relations

Client Profile

Companies from the following sectors

- Food
- Beverage
- Tobacco
- Cosmetics
- Pharmaceuticals

Regulated by the Central Bank of Bahrain; (Commercial) Registration Number: 61589