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Product Recall

Companies > Our products > Product Recall
This covers the expense incurred by the insured party in notifying the public and recalling products when they present a hazard to people and/or property, or are faulty.

Recall costs may include:
  • Public notification
  • Finding and tracking products
  • Emergency, isolation, extraction and transportation measures in order to isolate the incriminated product
  • Storage costs
  • Additional costs for labour and equipment hire
  • Product destruction costs
Product recall expense insurance is essential when the products sold, manufactured or delivered are intended for mass consumption. If a consumer product on the market is found to present or suspected of presenting a risk to the health or safety of consumers, the product must be removed from sale. This recall may be voluntary or ordered by a relevant authority.
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