FLIP Launches Online Product Recall Insurance for Food and Beverage Businesses
TL;DR
FLIP's online product recall insurance gives food businesses a competitive edge by protecting against financial losses from recalls for just $109 per year.
FLIP offers 100% online product recall insurance with two coverage limits, covering voluntary and involuntary recall expenses for food businesses.
FLIP's affordable recall insurance helps protect small food businesses from financial ruin, supporting community entrepreneurs and food safety.
Food recalls increased 15% recently, making FLIP's new online recall insurance a timely and educational protection option for businesses.
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Food Liability Insurance Program (FLIP) has expanded its coverage options by introducing online product recall insurance specifically designed for food and beverage businesses. This new offering allows entrepreneurs to purchase protection against the financial impact of product recalls entirely online, eliminating the need for insurance agents and making coverage more accessible.
The product recall insurance is available for as little as $109 per year when added to any FLIP general liability policy. Business owners can choose between two coverage limits: $10,000 aggregate or $25,000 aggregate. The coverage is tailored for small to mid-sized food and beverage operations and covers expenses related to both voluntary and involuntary recalls.
This development comes at a critical time for the food industry. According to FLIP data, food recalls increased by 15% between 2020 and 2024, with approximately 300 recalls occurring in 2024 alone. These recalls resulted in nearly 1,400 reported illnesses, 487 hospitalizations, and 19 deaths. Undeclared allergens, Listeria, and Salmonella were identified as the leading causes of these recalls.
Daryle Stafford, President and CEO of FLIP, emphasized the importance of this coverage, stating that product recalls place a serious financial burden on small businesses, potentially forcing them to shut down. The online availability of this insurance through FLIP's platform makes it easier for entrepreneurs to protect themselves against the increasing threat of recalls while saving both time and money.
FLIP, which was named one of the World's Top Fintech Companies by CNBC and one of America's Fastest Growing Companies by Inc. 5000 in 2025, has been protecting food and beverage businesses for over 15 years. The company serves 35 industries and more than 40,000 businesses, offering comprehensive liability coverage that can be bundled with various insurance products through a single provider.
To purchase the product recall coverage, business owners must maintain an active general liability policy with FLIP or bundle one during the checkout process. This streamlined approach reflects FLIP's commitment to supporting food and beverage entrepreneurs through every stage of their business development.
Curated from NewMediaWire
