Insurance
Equipment
Breakdown
Up + Running:
Perishable Goods
We offer customized insurance protection
designed for risks with perishable goods
exposures, including the following:
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Dairy Product Manufacturers
Private and Public Cold Storage Facilities
Fish and Seafood Processors
Poultry Processors
Meat Processors
Ice Cream Manufacturers
Fresh Fruit and Vegetable Packers
Controlled Atmosphere Facilities
XL Catlin’s Up + Running policy form offers coverages for
food processing and cold storage risks. It was developed to
specifically respond to the insured’s unique needs. In addition to
standard equipment breakdown coverages, our form provides:
• Indemnification for Perishable Goods losses caused by
Utility Interruption without the typical waiting period
applied
• Broad Valuation including:
• Customized valuation for property of others in the
insured’s control
• Selling price for finished stock
• Control of Damaged Property providing the insured with
the right to determine whether damaged covered property
can be reprocessed or sold
• An expanded definition of Covered Property including:
• Non-owned product that the insured has a contractual
responsibility to insure
• Product stored in refrigerated trucks or trailers while at a
covered premises
• Broad Perishable Goods Coverage including:
• Expenses to reduce or avert a perishable goods loss
• Expenses to properly dispose of contaminated product
• Claims Preparation Costs to assist the insured in
quantifying their property damage, business income and
perishable goods loss
Perishable Goods Coverage may also be extended to apply
to the insured’s product in storage at non-owned private
or public cold storage warehouse locations. Full limits that
match the insured’s exposed values are available.
Perishable Goods Claims Scenarios
University Lab
A university research lab houses biological materials at
low storage temperatures in several commercial freezers.
Maintaining specific storage temperatures is critical to the
preservation of biological characteristics of the materials.
• A compressor failed on one of the freezers compromising
the stringent temperature requirements.
• A perishable goods loss was paid based upon the
university’s pre-determined valuation of the materials at
the age when the failure occurred.
Ice Cream Manufacturer
An ice cream manufacturing and storage facility housing ice
cream products suffered a covered loss of electrical power
that lasted 9 hours. As a result, required storage temperature
parameters were breached and the insured determined the
ice cream no longer met its quality standards.
• While perishable goods waiting periods are common
within Equipment Breakdown Coverage Forms, there is
no perishable goods waiting period on the Up + Running
Coverage Form.
• The claim was paid based upon the selling price of the
damaged ice cream as well as disposal costs.
Up + Running:
Perishable Goods
Your Up + Running Team:
Brian Strain
Head of Equipment Breakdown
Phone +1 312 444 6599
[email protected]
Amy Fox
Underwriter: Midwest, Southwest, West
Phone +1 314 973 4608
[email protected]
Cheryl Geidel
Underwriter: West + Program Underwriting
Phone +1 704 780 0412
[email protected]
Rich Hajduk
Underwriter: Mid Atlantic, Midwest
Phone +1 312 821 8895
[email protected]
Tom Gallagher
Engineering Leader
Phone +1 603 863 5665
[email protected]
Chris Lee
Underwriter: Northeast, Southeast
Phone +1 212 915 6719
[email protected]
Kyle Markowitz
Equipment Breakdown Claims
Phone +1 212 915 6528
[email protected]
Jimmy Tran
Underwriter: Canada
Phone +1 604 697 6910
[email protected]
Cindy Fernandez
Underwriter: Midwest
Phone +1 312 821 8879
[email protected]
Venus Newton
Boiler & Property Consulting, LLC
Senior VP, Jurisdictional Inspection Services
Phone +1 404 710 8624
[email protected]
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MAKE YOUR WORLD GO
The information contained herein is intended for informational purposes only. Insurance coverage in
any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions
in any such policy, and the facts of each unique situation. No representation is made that any specific
insurance coverage would apply in the circumstances outlined herein. Please refer to the individual
policy forms for specific coverage details.
XL Catlin, the XL Catlin logo and Make Your World Go are trademarks of XL Group Ltd companies. XL
Catlin is the global brand used by XL Group Ltd’s (re)insurance subsidiaries. In the US, the insurance
companies of XL Group Ltd are: Catlin Indemnity Company, Catlin Insurance Company, Inc., Catlin
Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL
Insurance America, Inc., and XL Specialty Insurance Company. In Canada, coverages are underwritten
by XL Specialty Insurance Company—Canadian Branch. Coverages may also be underwritten by
Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf
of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of XL Catlin.
Coverage may not be available in all jurisdictions. Information accurate as of August 2016.
5267a_08/2016
xlcatlin.com