Product Recall
What's covered by a Product Recall Policy?
Coverage for a recall in which you need to pull product out of the market and off the shelves due to impending bodily injury or property damage. Coverage can include costs to recall, destroy, replace product, public relations, investigations, government-mandated recalls, loss of income, and it can often include third party loss of income (your vendors).
When should a company buy a Product Recall Policy?
This can vary greatly and depends on the level of risk the brand is comfortable with. Factors to consider include the type of product you have, batch sizes & distribution channels, and risk tolerance. As your broker, we help walk through these factors and come up with a solution that works for you.