PRODUCT RECALL INSURANCE

Product Recall Insurance

A Product Recall event can be debilitating to an organizations’ balance sheet and brand name. Product Recall insurance is designed to protect your organization from claims arising from a third party’s use of your product should such an event occur.

This form of coverage will reimburse your company for the financial loss resulting from a recall and the cost of services such as customer notification, shipping and disposal costs necessary to respond quickly and effectively to protect your brand name and reputational damage.

Many companies can be forced into bankruptcy should they fail to have the assets to absorb the financial expenses involved in a Product Recall event.  These costs could be prohibitive and be in excess of millions of dollars.