Podcasts

How Will Your Business Contend with a Food Product Recall?

| January 6, 2022

| January 6, 2022

rob balogh, sommer chanady, HUB international, food institute podcast, food product recalls, recall insurance

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How will your business contend with a food product recall? Food recall insurance specialists Sommer Chanady (Senior Vice President of HUB International) and Rob Balogh (Senior Vice President of AmWINS) share their expertise on the food recall process and shed light on the different types of insurance products available for the food industry. Additionally, they share use cases on how prior clients managed to mitigate reputational, legal, and other business risks by being proactive and selecting the correct food recall product insurance packages for their businesses.

“Everybody might have a recall on a piece of paper, but if you haven’t tested it, it might not work in the real world…if that event happens, it could be absolute chaos.”
– Sommer Chanady

More About HUB International:

About Hub International: Headquartered in Chicago, Illinois, HUB International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, please visit www.hubinternational.com.

More About Sommer Chanady:

Sommer has been creating exceptional risk management and insurance solutions within the food and beverage industry for over 17 years. She originally worked on the carrier side at Liberty Mutual for 5 years and joined HUB International 13 years ago. She has traveled to over 30 countries for culinary experiences and is very passionate about the food industry. Her unrelenting advocacy and expertise in this highly specialized space allows clients to feel as if she is part of their in-house risk management team.

Connect with Sommer on LinkedIn: https://www.linkedin.com/in/sommer-chanady-6326b3126/

More about Rob Balogh:

Rob Balogh joined AmWINS in 2013 specializing in Product Recall and now leads a full team for AmWINS. Robert maintains daily contact with his clients. He shares quarterly market updates regarding pricing, claim scenarios and current industry events to ensure his clients are up to date on trends and a step ahead of their competition. Robert is also involved with regulatory agencies, staying on top of legislation that could impact his clients and the industry as a whole. Robert’s deep client relationships and intimate industry knowledge enable him to provide coverage analysis and scenarios to best educate his clients on the policy benefits.

As a practice group Rob and his team place and control over $70M in Product Recall premiums making them the largest Product Recall group out there. Robert and the team are able to leverage their market relationships and deliver the most favorable results for their clients. They perform an internal round table on each and every risk to make sure they are looking at all aspects without leaving any potential scenarios uncovered. When dealing with clients who experienced uninsured incidents under previous policies, Robert and the team are able to evaluate the situation and determine why the coverage gaps existed in the first place – creating endorsements to respond to these scenarios in the future.

Finally, as market conditions continue to harden, Robert and his team have been able to find premium savings for many insured’s Product Recall coverage.

Learn more about AmWINS: https://www.amwins.com/
Connect with Rob on LinkedIn: https://www.linkedin.com/in/robert-balogh-06778b33/

Food Institute Members: Learn more about cybersecurity issues in a Food Institute webinar featuring talent from HUB International here.