Product recall, Guarantee, Loss

Manufacturer have a duty after the discovery of any defect or danger in a product supplied to take precautions (including a recall of the product if necessary) against injury or damage caused by it. Manufacturer decides therefore to recall such a defective product before it causes such injury or damage to third parties and to their brand reputation. Prime examples over recent years have included tyres, mineral water and chocolate, motor vehicles etc.

We provide solutions which covers

• The insured for those sums that the insured becomes legally obligated to pay as compensatory damages arising out of recall, removal, recovery of possession or control, or disposal of the Product that is manufactured, sold, marketed, handled, or distributed by the insured. Product recall Insurance is typically provided as an add-on to a Product Liability Insurance policy.
• Defence costs incurred, with prior written consent of the Insurance Company