Product Recall

Manufacturers frequently face product recalls due to safety issues or defects, particularly those in the consumer goods sector. These recalls can lead to significant direct costs that negatively impact cash flow and profitability. Additionally, companies may incur third-party liabilities if their products cause damage or injury to individuals, businesses, or government entities.
Product Recall Insurance offers crucial protection against these direct and liability exposures. We can assist you in identifying the right triggers for coverage, such as whether the policy activates solely upon actual damage from a defective product or if it also covers the potential for injury or damage. The latter option provides broader protection, ensuring comprehensive risk management for your business.