FISCHER RISK MANAGEMENT / COVERAGE
Product recall insurance. Pulling a product is only the first decision.
A recall raises questions about suppliers, inventory, customers, and the costs your business may face. Review those questions before an urgent decision puts the process to the test.
Request an Insurance Review
What is product recall insurance?
Product recall insurance addresses specified recall-related exposures under the policy issued. Review the event that triggers coverage, eligible expenses, insured products, limits, and any exclusions alongside your product liability program.
When a product needs to come off the shelf.
Describe your products, manufacturing partners, ingredients or components where relevant, sales channels, and how finished goods can be traced. Tell us whether your company owns the brand, manufactures the product, imports it, or distributes it.
Questions to ask about the policy
Which events trigger coverage? Which expenses are included, and which are excluded or limited? How do notification, withdrawal, disposal, replacement, and interruption expenses fit into the proposed wording? Do not assume any listed expense is automatically covered.
Prepare for a useful quote discussion
Bring annual sales, relevant product and quality-control information, recall history, existing coverage, and a description of your response process. Include customer and supplier contracts you want considered.
Can we review recall and liability together?
Yes. Request a combined review so the discussion considers how the policies fit with your products and operations. Separate policies or endorsements may be needed, depending on the proposal.
An injury claim and a recall expense are different problems
Imagine a brand discovers a potentially unsafe component after goods have reached distributors. The immediate questions include which batches are affected, where the goods are located, and who will communicate with customers. Retrieving or disposing of goods creates different expenses from defending an injury allegation. This example is for planning; it does not establish that any proposed policy would cover the event.
