Greg Schaefer, president and founder of Schaefer Enterprises Inc (SEI), said the automotive industry started the need for product recall insurance.
“There are different levels of insurance, if we continue using the car metaphor, you can have better speakers, leather interior etc so each company is different,” he told FoodQualityNews.com.
“The food industry is not the hardest to insure, it is actually quite favourable but it varies between products.”
“The number one obstacle is that the supermarket thinks they did not create the product so it is not their problem but if there is a recall it is everyone’s problem”
Read the entire article about product liability and product recall liability coverage here >
