There are 2-3 product recalls every month in the New Zealand food and beverage industry and the ensuing effects can be costly to a company’s brand and its business.

AIG senior underwriter, liabilities, Suzanne Brown, talks to Insurance Business TV in detail about what plans can be put in place to minimise the damage.

She also outlines a recently-launched innovation by AIG which is designed to help companies to understand their exposure and estimate the cost of recall incidents.

Watch the video here.

You can also read more about it here.