Product Recall
Contaminated Products
Target Classes:
- Fruits and Vegetables
- Alcoholic and Non-Alcoholic Beverages
- Meat, Seafood, Dairy
- Baked Goods, Snacks and Confectionary
- Nuts and Tree Nuts
- Nutraceuticals and Wellness Supplements
- OTC Products and Pharmaceuticals
- Cosmetics and Personal Care Products
- Spices/Flavorings/Colors/Oils/Dressings/Sauces
- Packaging
Insured Events:
Any of the listed events where there has or would result in Bodily Injury or Property Damage
- Accidental Contamination (including Mislabeling)
- Government Recall
- Packaging Defect
- Malicious Tampering
- Product Extortion
- Adverse Publicity
Covered Losses:
- Product Recall Expenses
- Replacement Costs
- Business Interruption/ Loss of Gross Profit
- Brand Rehabilitation
- Regulatory Fines & Penalties
- Extortion & Threat Response Costs
- Crisis Consultant Costs
- Investigation Costs
Additional Coverages:
(Including but not limited to:)
- Intentionally Impaired Ingredients
- Product Refusal with or without Loss of Gross Profit
- Extraneous Foreign Material (Pesticides, Pest Infestation, Mold, Plastics, Metal, Etc.)
- Manufacturers Errors and Omissions
- Consumer Goods Extension
- False Positive
- Border Rejection or Quarantine
- Unsubstantiated Recall Costs
- Third Party Recall Damages
Product Defect
Target Classes:
Component Parts
- Automotive
- Aerospace
- Industrial
- Electrical
Consumer Goods
- Medical Devices, Electronics
- Brown Goods and White Goods
- Packaging Manufacturers
- Clothing, Sports Equipment, Furniture, Outdoor Goods
Insured Events:
Any of the listed events where there has or would result in Bodily Injury, Property Damage, or Impaired Property
- Manufacturing Defect
- Adverse Publicity
- Malicious Tampering
- Product Extortion
- Government Recall
Covered Losses:
- Crisis Consultant Costs
- Business Interruption Expense
- Product Extortion Costs
- Investigation Costs
- Recall Costs
- Rehabilitation Expenses
- Replacement Costs
- Defense Costs
Additional Coverages:
(Including but not limited to:)
- Third Party Recall Damages
- Unsubstantiated Recall Costs
- Manufacturers Error & Omissions
Summary:
- Ability to write Primary, Quota Share, and Excess Positions
- Line Sizes up $10,000,000
- $25,000 Minimum Self-Insured Retention
- Minimum Premium: $15,000
- Crisis Consultant Pre-Incident Funds available to client
- Worldwide Coverage