Here is a list of some of the key coverage and services available from MRM Group:
Recall Expenses
This includes possible laboratory expenses to confirm a contamination, transportation of recalled product, destruction of contaminated product, transportation and relocation of product as well as the value to replace affected product.
Customer Recall Expenses
We cover expenses by your customer as a result of a recalled product becoming a component and/or part of their product(s).
Loss of Gross Profit Coverage
MRM Group offers up to one (1) year of coverage for lost sales following an incident of product contamination or tampering.
Rehabilitation Expenses
Expenses incurred to restore the integrity, reputation and market share of the recalled product line as a result of tampering or contamination.
Third Party Recall Liability
MRM Group provides reimbursement for lost profits for the insured’s customers on a recalled product. This serves to help expand your business by offering your customers this protection and works to rebuild customer relationships in the event of a product recall.
Adverse Publicity
MRM Group covers the effects of loss associated with the public, inaccurate reporting of a recall.
Governmental Announcement
MRM Group offers coverage for the loss associated with withdraw of a product due to governmental or other regulatory authority announcements.
Public Relation Experts
MRM Group covers and can help provide for and recommend Public Relations consultants if no current relationship exists.
Crisis Management Consultants
We have established relationships with some of the nation’s top Crisis Management specialists who stand ready to assist following a recall. MRM Group can also provide pre-loss planning to insure a plan is in place should a recall be necessary.
Read More
Industry Experts
MRM Group has also long established relationships with industry experts who can help provide advice following a recall.
Collision Coverage
Coverage to repair or replace the insured’s vehicle after an accident with another vehicle or object, or from a rollover.
Comprehensive Coverage
Coverage for damages to a vehicle that are not caused by a collision, including fire, theft, vandalism, windstorm, hail, falling objects, and various other perils.
Owner Operator
Self-employed driver who owns (or leases-to-own) their own truck and is contracted by insured to perform transportation services. Unlike a company driver who uses the employer’s equipment, an owner-operator is responsible for their own vehicle, expenses, and business decisions.
Reefer Breakdown
Coverage enhancement under an MTC policy that protects spoilage of perishable goods due to any mechanical or electrical breakdown to the refrigerated or temperature controlled cargo unit on the insured’s trailer.
Trailer Interchange
Coverage enhancement under an MTC policy that protects insured when they are hauling a non-owned (leased/borrowed) trailer under a trailer interchange agreement, for any insured event occurring while the trailer is in their possession.
