
PRODUCT RECALL
Product contamination
Product contamination insurance is designed for topical and ingestible products for human consumption.
Coverage Accidental contamination, malicious tampering, product extortion.
Target Markets
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Manufacturers, processors, retailers, distributors, ingredient suppliers, wholesalers, co-packers, bottlers
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Food, beverage, cosmetics, tobacco
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Restaurants
Recall liability for
auto component parts
Product liability insurance will protect a manufacturer from damages resulting from faulty parts
Coverage
Standard cover includes first and third party recall expenses, business interruption, rehabilitation costs, 12 months retroactive date.
Target markets
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Tier 1- 4 suppliers
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Safety and non-safety critical components
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Manufacturers, distributors, and importers of component parts
First party recall for consumer goods
Coverage
Standard cover includes first and third party recall expenses, business interruption, rehabilitation costs, 12 months retroactive date.
No coverage offered for products that are incorporated as component of a third party product, and any topical & ingestible products.
Target markets
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Risks considered include manufacturers, importers, wholesalers and retailers.
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Finished consumer goods such as children’s products, electrical appliances, furniture, sports or exercise equipment, clothing and household products.
