Product Recall Insurance | Protecting First-Party Product Exposures
It’s what keeps business leaders up at night. A harmful defect in just one product can threaten the health and safety of the general public and has the potential to bankrupt a company. Faulty products cause thousands of deaths each year, countless illnesses as well as costly lawsuits. Be it vehicle air bags, pharmaceuticals or food products, a defective component or product can quickly become headline news. If you are in the business of manufacturing any consumer goods, product recall insurance can help protect your organization for potential exposures.
Key Components of Product Recall Coverage
In the event that your product is faulty, tampered with and/or contaminated, your loss may be protected with product recall insurance. Product recall coverages are designed to isolate a component of your organization’s first-party product exposure.
Protect Your Bottom Line With Product Recall Insurance
Revenue losses, the cost of withdrawing a product from market, disposal, testing, overtime wages as well as crisis management quickly add up. Despite the potential for extraordinary bottom-line costs, many organizations fail to prepare with adequate product recall coverage.
ALIGNED Product Recall Insurance | 1-866-287-0448
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