What is product recall insurance?

Product Recall Insurance is designed to cover the wide range of costs a business is faced with if a product it manufactures, supplies, or sells, is at risk of being dangerous. This could be because it has been maliciously tampered with, has had a design or manufacturing error, is subject to malicious threats of contamination or even due to changes in legislation.

The cost to your business should you be compelled to recall a dangerous product can be vast. A comprehensive product recall policy will cover the costs of recalling the product (including from down the supply chain), replacing the product, lost profit, public relations and brand rehabilitation – all co-ordinated by a disaster management specialist.

Product recall, or contamination, will only work if the product is potentially dangerous. If it is just faulty, then you will need product guarantee insurance.

We can help you understand what cover you do, and do not, need