At the 2023 National Grocers Executive Conference, food industry attorney Shawn Stevens* shared his perspective with food retailers on the importance of having well-developed supplier agreements and adequate insurance. Following are some highlights from this presentation.
INSURANCE POLICIES
Recall Policies
Product recall insurance is intended to help cover the costs incurred by a retailer due to product that is suspect or proven to be contaminated or otherwise out-of-compliance. Product recall insurance should take into account an array of details and expenses such as these:
