Curated News
By: NewsRamp Editorial Staff
September 15, 2025
FLIP Launches First 100% Online Product Recall Insurance for Food Businesses
TLDR
- 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.
Impact - Why it Matters
This development matters because product recalls represent a growing threat to food and beverage businesses, with recall incidents increasing by 15% in recent years and causing significant financial strain that can force small operations to shut down completely. For entrepreneurs in this sector, who often operate on thin margins, the financial impact of a recall—including product destruction, notification costs, and potential lawsuits—can be devastating. FLIP's affordable, accessible online solution provides crucial protection against these risks, enabling small business owners to focus on growth rather than potential catastrophic losses. In an industry where food safety concerns are escalating and regulatory scrutiny is increasing, this insurance represents a vital safety net that could determine whether a business survives a recall incident.
Summary
Food Liability Insurance Program (FLIP), a leading provider recognized by CNBC and Inc. 5000, has launched a groundbreaking product recall insurance offering specifically designed for food and beverage entrepreneurs. This innovative coverage, available for as little as $109 annually, represents the only 100% online product recall policy in the market, eliminating the need for insurance agents and providing convenient, hassle-free protection. The coverage includes two aggregate limits ($10,000 or $25,000) and protects against both voluntary and involuntary recalls, making it particularly valuable for small to mid-sized businesses facing increasing recall threats.
The timing of this insurance product is critical given that food recalls rose 15% between 2020 and 2024, with approximately 300 food recalls occurring in 2024 alone. These incidents resulted in nearly 1,400 reported illnesses, 487 hospitalizations, and 19 deaths, primarily caused by undeclared allergens, Listeria, and Salmonella. FLIP President and CEO Daryle Stafford emphasized that product recalls place serious financial burdens on small businesses, potentially forcing closures, making this affordable online protection essential for entrepreneurs navigating the growing recall landscape.
Business owners can easily add this coverage to any existing FLIP general liability policy or bundle it during checkout, streamlining their insurance needs through one trusted provider. With over 15 years of experience protecting 40,000+ businesses across 35 industries, FLIP's new offering demonstrates their commitment to supporting food and beverage entrepreneurs through every stage of their business development while addressing the increasing threat of recalls that continue to impact the industry.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, FLIP Launches First 100% Online Product Recall Insurance for Food Businesses
