Every day across the world products are recalled. Sometimes they present a safety risk, and other times they are recalled due to reputational concerns or quality issues.
We never cease to be amazed at the different scenarios that unfold, and share some with you to help you appreciate the almost unbelievable situations that some manufacturers, distributors and retailers find themselves facing.
Product recall is often specifically excluded from Products Liability cover, leaving a business vulnerable to any product recall loss. Liberty's Product Recall insurance is suited to a broad range of consumer and commercial durable products, protecting them from retailers recall costs, replacement costs, loss of profit, rehabilitation expenses and more.
If these product recall scenarios have you thinking about your clients, please get in touch with one of the Liberty Crisis Management team members to discuss product recall insurance options.