Daily Insurance Industry News
Daily Insurance Industry News
Tuesday 21st of May 2019
December 7, 2010

Aon launches enhanced restaurant cover

by Gill Montia

Story link: Aon launches enhanced restaurant cover

Aon launches enhanced restaurant cover

Aon Risk Solutions has launched a policy for restaurant owners, claiming that it offers a greater level of protection than has previously been available.

According to the firm, traditional restaurant protection policies provide cover for media reports of actual or alleged food contamination or tampering.

However, Aon’s new offering includes public health scares: for example, if an article appears in the media suggesting the ingredients in a chain or franchise’s food could lead to health problems.

In such circumstances, the policy covers loss of profit or the cost of mounting a counter public relations and marketing campaign.

Similarly, should any violence, hostage or hijack situation occur involving restaurant staff or customers, the policy can provide compensation for loss of profits and media relations costs.

Aon’s product recall and contamination team global managing director, Christof Bentele, comments: “There are very few industries where reputation is as vital as the restaurant industry.”

He adds: “While it is not yet possible to insure the intangible value of a brand, Restaurant Contamination Insurance gives chains and franchises the assurance that if a contamination does occur they have the plans in place to deal with it from a risk management perspective, and the funds available to fight any media attention that may ensue.”

Separately, Aon has reported that two of its executives have been named in Business Insurance magazine’s 2010 “Women to Watch” list.

They are Maggie Westdale, chief financial officer and chief operating officer of Aon Benfield, and Marguerite Soeteman-Reijnen, chief broking officer for Europe, Middle East and Africa at Aon Risk Solutions.


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