Pharmaceutical Product Recall

Product recalls are increasing as companies experience greater scrutiny from regulators, consumers and the media in efforts to ensure product safety. The expenses involved in a product recall can have a severe impact on a company's bottom line; however the damage to brand and reputation from incorrectly handling the crisis can be catastrophic.

To protect financial and reputation exposures, our markets offer a solution that combines coverage with crisis management service.

Product Highlights

Coverage Includes:

  • Recall Costs
  • Business Interruption (Lost Net Profit or Lost Gross Profit Available)
  • Rehabilitation Costs (Sub-limit May Be Applicable)
  • Consultation Costs
  • Highly Professional Claims Service

Capacity

  • Accidental Contamination - $10,000,000
  • Malicious Tampering - $50,000,000

Underwriting Considerations

  • Revenue of the Insured
  • Quality Management Systems
  • Packaging
  • Product Type
  • Crisis Management/Recall Plans
  • Geographic Markets

For new submissions, please contact us toll-free at 1-888-868-8367, or email casualty@tottengroup.com.