Aon Risk Solutions, the global risk management business of Aon Corporation, has launched Restaurant Contamination Insurance, a new insurance policy that provides protection to restaurants.
Traditional restaurant protection policies provide insurance cover for restaurant franchisors and chains if national, regional or online media report an actual or alleged case of food contamination or tampering.
According to the Aon, the Restaurant Contamination Insurance provides traditional protection as well as it offers coverage for public health scares that may occur. It also provides cover even in the absence of an alleged or actual contamination or tampering.
Aon said the policy is designed to provide financial payments to cover loss of profit or to mount a counter-PR and marketing campaign in such circumstances.
The Restaurant insurance coverage can also provide compensation for loss of profits and media relations costs under its exclusive Insured Security Crisis endorsement, if any violence, hostage or hijack situation occur at the restaurant involving either staff or customers.
The policy also provides pre-incident planning to determine the risks a company faces and develop detailed crisis management plans to ensure companies can swiftly react to incidents and reassure stakeholders of their commitment to rectifying safety standards and minimizing consumers’ exposure to contaminated products should a contamination occur.
Aon global managing director Christof Bentele said Restaurant Contamination Insurance is the latest innovation from Aon’s product recall and contamination team, developed after extensive consultation with clients and industry, and the next 12 months will see further developments in this field.