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Affiliate Event: Lockton – Product Recall and Reputational Risk
November 28, 2023 @ 10:00 am - 12:00 pm
Join us for a joint webinar with Lockton, the world’s largest independent insurance brokerage. Our speakers, Simmons Partner David Kidman and Freddie Schlesinger, Vice President of Product Recall & Reputational Risk at Lockton will help you to understand the legal and regulatory framework around product recalls in the UK, to help you mitigate the risk of harm to your business. We will also help you to understand the scope and value of product recall insurance, and how it can help transfer risk.
During this one hour call we will cover the following key areas:
- How do I manage my supply chain to protect against loss arising from a recall, and show good risk management when purchasing recall insurance?
- What steps can I take to reduce the risk of a product recall occurring, and how do I get crisis management support when I need it?
- Should I have product recall insurance? Understanding the options, and getting ‘fit for purpose’ cover at the right price.
Speakers:
- David Kidman, Partner at Simmons & Simmons
- Freddie Schlesinger, Vice President of Product Recall & Reputational Risk at Lockton
Amid increasing regulatory scrutiny, complex supply chains and constantly evolving technology, the risk of product recall is at an all-time high.
Lockton’s dedicated team of experts have more than half a century of experience in insurance placement for product recall, contaminated products (CPI), trade name restoration, and reputational risk protection. Using in-depth experience and global market reach, we’ll create a bespoke solution that helps you reduce both the chance of a recall event occurring, and the impact it has on your reputation and balance sheet.
Uniquely, our team is both client and market facing, allowing us to access the best value products on the market for our clients, and ensuring your programme is fit for purpose. We currently place around 250 policies into the global recall market, enabling payment of over $100m of claims in the last few years.
Utilising direct market access and long-standing insurer relationships, we’ll advocate tirelessly on your behalf to secure you the best possible deal on your cover, and in the eventuality of a claim.