Seller Beware: Food Safety and the New Administration

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More Bang for the Buck: Understanding the Financial Exposure of a Food Safety Event

Start Date:11/14/2017

Start Time:1:00 PM EST

Duration:60 minutes

Abstract:

A food safety incident has the potential to be a food company’s biggest single exposure.  It can result in lawsuits, significant brand damage, lost customer contracts and escalating recall expenses. In some instances, it can even lead to criminal prosecutions and jail-time for management. And while no one expects to be subject to such an event, food businesses who are not prepared can risk losing the very thing they’ve worked so hard to build.

Please join us for the third session in our new multi-part webinar series, “Navigating a Food Safety Crisis: What to Do (And What Not to Do) Before, During and After”. In this informative third session, entitled More Bang for the Buck: Understanding the Financial Exposure of a Food Safety Event, we will discuss the costs and losses associated with recalls, how to protect yourself against potential risk, and the insurance coverage that you will need. This 60-minute session will take place on Tuesday, November 14 at 1:00 p.m. EDT and will feature James Lozier of Dickinson Wright and Steve Kluting of Arthur J. Gallagher & Co.


Key Discussion Topics:

  • Costs and losses connected to recalls
  • Protecting against potential risk
  • Contractual insurance coverage and upstream supplier insurance
  • Litigation


This webinar is the third in our new series, "Navigating a Food Safety Crisis: What to Do (and not to do!) Before, During and After"
, brought to you by Dickinson Wright PLLC and Arthur J. Gallagher & Co. This can’t-miss series will feature industry professionals leading in-depth discussions on the latest food safety issues and trends, ultimately covering the full life cycle of a food safety event.

Be sure to register today -- you won't want to miss these informative webinars! These sessions are essential for finance, legal, risk management, and food safety professionals from all segments of the food/beverage/agribusiness industry.

The webinars are complimentary, but registration is required. We're looking forward to your participation!

Can't attend? Sign up anyway and we'll send you the recording!

If you're already registered for the More Bang for the Buck: Understanding the Financial Exposure of a Food Safety Event webcast, click below:

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Speakers

James Lozier

James Lozier is a Member of Dickinson Wright in the firm's Lansing, Michigan office. Jim serves as the firm’s Chairperson of the Food & Agri-Business Practice Group. Jim focuses his practice on the defense and prosecution of food manufacturers; and is counsel to Natural Selection Food Manufacturing, LLC, E.I. DuPont de Nemours & Company, Dole Food Company, Inc., and Kraft Foods Global, Inc. in food safety related matters (e.g. spinach, e-coli, egg e-coli, & foreign material) and other general litigation (e.g. wrongful termination & wrongful death of contractor's employees). Jim has represented food producers in dealing with the FDA and state regulators in recall and food product withdrawals, and he has also counseled, evaluated and represented food industry clients on insurance claims for recall/product withdrawal expenses, recoupment of equipment breakdown costs, and in the defense of third party commercial, property damage, wrongful death, and personal injury claims involving food borne illness.

Steve Kluting

Steve is the Regional Director (Midwest) of Arthur J. Gallagher & Co.'s Food & Ag Practice Group. Steve advises clients on risk planning related to contamination and recall events. Steve's experience as a “food lawyer”, a food industry executive, and a certified HACCP manager him to bring real food industry insight and solutions to the risk management function. Steve is particularly focused on helping clients plan for and navigate food safety incidents – from an operational, cost recovery and reputational risk perspective. In particular, Steve helps client evaluate, understand, and purchase Product Contamination/Product Recall insurance coverage, as well as navigate through claims/events.

More Bang for the Buck: Understanding the Financial Exposure of a Food Safety Event
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