Product Recall Insurance

How much would it cost for you to recall a defective or mislabeled product? Not sure, then join the club. Recalls of products are on the rise. New requirements in the food and beverage industry have fueled the interest in this insurance coverage.Costs associated with a Recall event include:

  • First Party Recall Expenses
  • Loss of Income
  • Adverse Publicity
  • Third Party Costs to Recall Your Product
  • Destruction of Recalled Product
  • Contamination Cleanup Costs

A Recall event can be triggered by:

  • Accidental Contamination
  • Governmental Action
  • Malicious Tampering
  • Mislabeling of Product

 

Not all Recall Insurance products are the same. Some products are designed for the Food & Beverage Industry and some are not. Depending on your business and your budget, we can help navigate the insurance market and build a policy that meets your expectations.

Consumer Product Safety Commission

USDA

FDA

SaferProducts.gov