SEATTLE AND NEW YORK — Seafood traceability organization Trace Register has partnered with Foa & Son International Insurance Brokers, an Alera Group Company, to offer the seafood industry a unique insurance benefit for Product Contamination & Recall Insurance.

Foa & Son typically offers a 10% premium credit for pre-crisis consultation services, the companies said. With the new offer, Foa & Son will allocate 5% of the premium, or half of that budget, directly toward Trace Register seafood traceability subscription costs.

According to Foa & Son, the reimbursement process is “straightforward and customer-focused.”

"It is a big win for our customers," said Chris Bradford, SVP of sales at Trace Register. "This first-of-its-kind offering for the seafood industry reinforces our dedication to meet our customers where they are. It addresses the tight margins in the seafood industry while providing critical brand protection and operational savings."

Trace Register said its TR5 seafood traceability system is a solution for many challenges the industry currently faces, combining data from a variety of sources into a unified system.

The information is seamlessly shared across the supply chain but maintains confidentiality of proprietary details, the company said.

The platform also makes traceability compliance easier and improves product quality with real-time continuous monitoring and analysis (CMCA) verifying data accuracy and allowing for necessary corrections, Trace Register said.

"Foa & Son is a trusted partner with deep expertise in the seafood industry,” said Peter Sollecito, SVP at Foa & Son. “This partnership demonstrates our ongoing efforts to support the seafood industry and lead with proactive, innovative risk management solutions."