Peanuts, pet food, cantaloupes, lead paint on children’s toys…the reality today is that product recalls are occurring more frequently and often receive extensive media attention. A poorly handled product recall can have a catastrophic impact on brand reputation, a company’s assets and ability to remain in business. More importantly, a commercial general liability program is not a complete solution to the coverage needs of today’s manufacturers, importers or business owners.
Coverage can be tailored to include::
- Recall Costs
- Pre-Recall Expenses
- Business Interruption / Loss of Gross Profits
- Rehabilitation Costs
- Third-Party Recall Costs
- Extortion Demands
The staff at XS Brokers has the expertise to explain and address the needs of your client. Our goal is to find the right insurance solutions for each situation.
For more information on this product contact Dave Finneran