Product Recall Insurance.com
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COVERAGE

Product Recall Coverage


Coverage A.  Product Recall Expense:

Covers direct expenses associated from the recall of the product.  Included expenses are:

  • The recall notification via- media and other forms of communications.
  • Shipping and receiving of the product
  • Storage of the products
  • Disposal of the product
  • Cost to repair and or replace the product
  • Additional payroll and personnel required to handle the recall
  • Loss of gross profit


Coverage B.  Third Party Liability:

Covers third parties losses as a result of your product.  


  • Business income and interruption losses
  • The rehabilitation of the brand
  • The cost associated with the replacement of your products with a similar one


Limits for Coverage A & B:


The liability limits can vary depending on the policy.  Higher limits are available.


Each Occurrence                   Aggregate                   
$1,000,000                             $1,000,000
$2,000,000                             $2,000,000
$5,000,000                             $5,000,000
$10,000,000                           $10,000,000


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