What It Is: Product Recall Insurance covers the costs of recalling a product from the market due to safety issues, defects, contamination, or regulatory violations.

 

• Financial Cover: Handles expenses like customer notifications, shipping, and refunds.

• Risk Management: Supports in crisis situations and regulatory compliance.

• Reputation Safeguard: Assists with public relations to manage negative publicity.

• Who Needs It: Ideal for manufacturers and distributors in sectors like food and beverage, automotive, electronics, pharmaceuticals, and children’s products.

• Why It’s Important: This insurance provides crucial financial protection and operational support, helping businesses navigate the complexities of a recall while protecting their reputation and bottom line.