Products Recall (PR) Insurance

Products Recall

Coverage varies widely depending on the carrier, type of product and whether or not you are a component parts manufacturer or build a product completely from the ground up. Products Recall Insurance protects from the recall, withdrawal, removal, recovery of possession or control or disposal of the insured’s product(s) as ordered by a regulatory body including and not limited to federal, state, or local or administrative body because of actual or potential bodily injury or property damage arising out of the use of the insured’s product.  

Products Recall Insurance can effectively reduce or eliminate a major financial loss by stepping in and paying the majority of costs associated with a products recall occurrence.