Well-publicized food recalls over the past few years, along with increased federal regulation, have sent a wave of concern through the food industry. Recent food contamination events and recalls have caused serious, negative financial effects. Many ofthese are still being felt and will impact our society for years. Food executives are realizing that increased regulations and recalls are a new and disturbing trend. Many want to know whether they are protected by the insurance they have purchased forthis purpose. "It's common for me to come across food industry executives who believe their company's food contamination exposures are covered under a standard commercial liability policy," said Michael Lieberman, an insurance broker at Capitol Risk Concepts in White Plains, N.Y. "This belief is faulty and leaves companies open to large uninsured losses."
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