Type: Corporate Insurance | Category: Liability Insurance
Learn more about the Product Recall Insurance policy.
Product Recall Insurance covers the costs incurred by a company when it must recall a defective or dangerous product from the market due to the risk it poses to consumers, regulatory action, or reputational harm.
Product Recall Insurance protects manufacturers from the high costs of recalling unsafe or defective products. It ensures financial and reputational recovery after a product crisis.
The policy reimburses expenses directly related to the recall process—such as communication to customers, transportation, disposal of defective goods, repair/replacement costs, warehousing, and testing. It can also include coverage for third-party injury or damage, legal defence costs, regulatory fines, and loss of sales revenue (business interruption). Some policies also offer brand restoration and public relations consultancy to minimize long-term damage to reputation.
Food & beverage manufacturers (especially perishable/packaged goods), Pharma and medical device companies, Automotive component and electronics manufacturers, Consumer goods, toy, or personal care brands, Exporters whose products are subject to international compliance (FDA, EU standards)
Request a free consultation for the Product Recall Insurance policy.
