Product Recall

Product recalls are increasing as companies face greater scrutiny from regulators, consumers and the media regarding product safety. Product recall expenses can have a severe impact on a company's bottom line, but the damage to brand and reputation from incorrectly handling a crisis can be catastrophic.

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

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.