Product Contamination & Recall IQRM

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What is IQRM?

The IQRM (Intelligence Quotient for Risk Management) is the first step to identifying the risks that most greatly affect your business.

Why IQRM?

With this integral piece of The Insurance Market’s Armour 360® process, we will ensure you receive a comprehensive program that maximizes your insurance investment.

How IQRM works?

We will work together to analyze the effectiveness of managing risks, develop strategies to protect your assets, and improve your risk profile. Additionally reducing your insurance costs, monitoring, and fine-tuning risk management programs as your business evolves.

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1. How effective is your organization with regards to educating senior management on relevant product recall risks and the level of commitment needed to address them?(Required)
2. How effective is person(s) assigned the responsibility for the overall product quality and safety at implementing overall product recall risk management?(Required)
3. How would you rank the quality control procedures and policies that your organization currently has in place?(Required)
4. How effective are your basic production protocols with regards to the testing of incoming raw materials, in line end line product testing, product quarantine, batch coding systems and test and hold system?(Required)
5. How effectively does your organization use additional industry-specific innovative technologies for the purpose of pathogen/product defect reduction?(Required)
6. How effective is your organization at ensuring there is a supplier/vendor, co-packer verification program which includes certificates of insurance, testing of materials, risk transfer contracts, and/or third-party audits?(Required)
7. How effective is your organization’s traceability system with regards to utilizing a coding system, and forward and backwards traceability?(Required)
8. How effective is your organization at submitting to and scoring 90% or better on independent third-party quality control audits?(Required)
9. How effective is your organization at maintaining an active crisis response team and a product recall procedures manual?(Required)
10. How effective is your organization in training employees to understand their critical responsibilities in the production of a safe product along with the roles they need to assume in the event of a product recall?(Required)
11. To what degree does your organization perform mock recalls; analyze and evaluate the results; and use the analysis after an actual product recall/product defect event?(Required)
12. How effective is your organization in retaining a team of outside experts who can be called on as a resource to deal with a potential product recall?(Required)
13. How effective is are your quality control protocols at ensuring all labels meet regulatory requirements and are checked for accuracy?(Required)
14. To what degree is your organization made aware of and in full compliance with all relevant industry standards and governmental regulations?(Required)
15. To what degree has your organization examined product recall insurance and purchased coverage when the cost has justified the benefits?(Required)
16. How effectively does your organization handle employee layoffs, job reassignments, plant shut downs and union contract negotiations so that employee negativity is minimized?(Required)
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Phone 302.875.7591 Fax 302.875.7541
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Phone 302.875.7591 Fax 302.491.4862
105 NE Front St. Milford, DE 19963
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