product recalls -
cover recall costs
The number of product recalls is increasing every year and provides the manufacturing industry with immense challenges. While property and personal damage, caused by defective products, are covered by conventional public and product liability insurance, recall costs can cause financial losses, which can not be compensated in this way.
Here's a recall insurance helpful, which can be seen as a supplement to product liability insurance. With this insurance costs can be covered which can be resulted for example from
- invoking in the media and / or by the notification of end-users and distributors
- the inspection or repair of the product
- replacement of defective products
- transportation of defective products or intact products for exchange
- destruction or disposal of unusable products
The number of possible costs is large. Get expert advice from us. We identify and analyze your risks and find the right recall insurance for you.