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Supermarket Contamination and Recall Insurance Comprehensive Coverage for Prepared Foods, Private Label and Center Store BERRIAN INSURANCE GROUP Berrian Insurance Group, Inc Office (303) 795-5831 | 10375 Park Meadows Drive, #220 | Littleton, CO 80124 CA License # OE22557 Berrian Insurance Group is pleased to announce an innovative insurance product designed specifically for Hypermarkets, Supermarkets and Groceries. This exclusive policy has been created by Joel Berrian and Joe Bermudez, who are Coverholders with Lloyd’s of London and leaders of Berrian Insurance Group, a Leavitt Group company. The policy is designed to protect prepared foods, private label and center store operations against losses resulting from product contamination events and product recalls. Insured Events Prepared Foods Private Label Prepackaged Goods ◦◦ Prepared Foods Contamination ◦◦ Accidental Contamination ◦◦ Disease Outbreak ◦◦ Malicious Tampering ◦◦ Supplier Contamination ◦◦ Pharmaceutical Contamination ◦◦ Malicious Tampering ◦◦ Product Extortion ◦◦ Product Extortion ◦◦ Adverse Publicity ◦◦ Adverse Publicity ◦◦ Prepackaged Pharmaceutical Contamination ◦◦ Product Extortion ◦◦ Malicious Tampering ◦◦ Prepackaged Food Contamination ◦◦ Product Defect ◦◦ Public Health Announcement ◦◦ Workplace Violence BERRIAN INSURANCE GROUP Supermarket Contamination and Recall Insurance | Page 2 Program target size includes prospects with sales from $30 million to $5 billion. The key benefits of this program include: ◦◦ Broad policy form created to protect profit centers beyond center store. ◦◦ Can structure policy as working insurance or as balance sheet protection. ◦◦ Covers losses not covered under standard product contamination or product recall insurance. ◦◦ Criminal Strict Liability, Governmental Recall and Expedited Claims Preparation coverage available. Grocers’ need a solid insurance program: ◦◦ Prepared Foods generate outbreak exposures, which differ from standard grocer exposures. ◦◦ Uniquely designed policy protects expanded Prepared Food operations, revenue and customer base. ◦◦ Private Label sales significantly increase brand exposure. ◦◦ Private Label requires additional FSMA responsibilities, which differ from standard grocer exposure. ◦◦ Private Label manufacturing increases risk of employee prosecution for criminal strict liability. ◦◦ Global supply chain sourcing of ingredients and products brings increased risk. ◦◦ Increased frequency and severity of product recalls. ◦◦ Brand and balance sheet protection. BERRIAN INSURANCE GROUP Supermarket Contamination and Recall Insurance | Page 3 We protect grocers’ brands and balance sheets as they expand into the $28 billion prepared foods market, provide coverage for Private Label brand rehabilitation, and include fresh produce recalls in our prepackaged goods coverage. Competitive advantage: ◦◦ Berrian Insurance Group is authorized to bind and issue policies with up to $50 million limits per company and access limits of several hundred million above our facility. ◦◦ Berrian Insurance Group has created a Strategic Partner Network with ReposiTrak, insurers, crisis consultants, sanitation experts, banks and private equity, forensic accountants and law firms to assist you. ◦◦ Joe Bermudez authored product contamination/product recall policies for 18 insurance companies/syndicates and handled hundreds of actual product contamination/recall matters. ◦◦ Considerable flexibility in designing coverage extensions and pricing. ◦◦ Global capacity for product contamination coverage exceeds $500 million. Our Strategy Premium Discounts Enabled Through Use of ReposiTrak ReposiTrak is the leading provider of Compliance Management and Track & Trace solutions for food safety, exclusively endorsed by the Food Marketing Institute, (FMI), and Retailer Owned Food Distributors & Associates, (ROFDA). Users reduce their level of risk through automating the management of food safety, business, quality and regulatory documentation for themselves and their supply chain. ReposiTrak’s Compliance Management System provides 24/7 access to records, along with dashboards and alerts to ◦◦ A competitively priced approach to insuring product contamination/ recall. provide visibility to missing or expired documents, or to where specifications have not been met. ◦◦ Ability to “buy down” the policy retention. For underwriters, the ReposiTrak platform provides unmatched visibility to the risks prevalent in an insured’s supply chain. ◦◦ Consultative approach to C-Suite. ◦◦ Gap analysis illustrates coverage gaps in supply chain agreements and lack of insurance protection. ◦◦ Discuss actual examples of current loss events, which illustrate how our innovative solutions respond. Contact Us Today Joel Berrian, CPCU, ARM, AIC [email protected] Joe Bermudez, Esq. [email protected] BERRIAN INSURANCE GROUP ◦◦ Access to any quality control document. ◦◦ Alerts when scores are outside of a predetermined range. ◦◦ Insight into the amount of insurance carried by an insured’s suppliers in case of subrogation. ◦◦ Fast tracking of products to limit both circulation and claims when a problem occurs.