Product Recall and Contamination insurance reimburses costs incurred to recall and replace a product in the market place with a safe one. It also provides expert assistance and advice during this process. Whilst Product Liability Insurance includes some protection, it does not always reimburse the insured for their own costs incurred to withdraw and replace a product
Product Recalls are occurring more frequently and often receive media attention. A poorly handled product recall can have a catastrophic impact upon brand reputation, an organisation’s assets and even their ability to continue trading.
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